Report
Sven Edelfelt

CRH : Tout va très bien, madame la marquise

>Q3 IMS en ligne avec les attentes - L'EBITDA est ressorti à 1.99 Md$ (+5% à pcc et 7% en réel) légèrement au-dessus du consensus de 1.95 Md$. La marge d’EBITDA augmente de 10 pb à 17.1% en retraitant des cessions (en réel, hors cession de l’activité enveloppe du bâtiment, la marge serait en baisse de 50 pb). Le groupe a bénéficié de son mix géographique/ métier porté sur les Etats-Unis. Le CA T3 ressort à 9.4 Md$ bénéficiant d’un bon niveau d’activité dans la branche...
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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