Report
Sven Edelfelt

CRH : Tout pour plaire

>Retour sur le FY 2021 - L'EBITDA est ressorti à 5.35 Md$ (+11% à pcc et 16% en réel), 2% au-dessus de nos attentes et du consensus. Le groupe a publié une hausse de sa marge EBITDA de 50 pb à 17.1% en ligne avec les 9m 2021. Le mix géographique/ métier explique, selon nous, un meilleur effet prix que celui de ses concurrents. La dette nette ressort à 6.3 Md$ contre 5.9 Md$ à fin décembre 2020. Le groupe a dépensé 1.5 Md$ en acquisitions à un multiple d’EBITDA de ~7.0...
Underlying
CRH Plc

CRH is a diversified international building materials company. Co. is engaged in the manufacture and distribution of a range of building materials products from the fundamentals of heavy materials and elements to construct the frame, through value-added products that complete the building envelope, to distribution channels which service construction fit-out and renewal. Co. operates seven operating segments: Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, Americas Distribution and Asia.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Sven Edelfelt

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