Report
Sven Edelfelt

CRH : Two strong catalysts!

>Review of 2018 results - EBITDA came in at € 3.37bn, up 7.0% (3% at constant currency and consensus at € 3.358bn). A good cash conversion rate > 70% and cash flow of € 2.4bn in 2018 ahead of the € 2.2bn in 2017 (the group nonetheless recorded a tax on capital gains of € 300m linked to the sale of the distribution business in the US). Net debt increased to € 7.0bn from € 5.8bn in 2017 and compared to the consensus of € 6.8bn (net/EBITDA ratio 2.1x). This increase in ...
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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