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(CRH) CRH General Share Chat

Discussion in 'General Share Chat' started by Microem1, Nov 6, 2015.

  1. Microem1

    Microem1 Administrator

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    (CRH) CRH General Share Chat
     
  2. Mongoose82

    Mongoose82 A Legendary Member

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    "CRH has performed well in Q2 2016; therefore, it expects a 10% rise in EBITDA in H1 2016 vis-à-vis the previous guidance. Usually, the first half of the year is less significant as activity typically remains seasonally lower. However, favourable weather conditions improved construction activity, which was supported by continued positive economic trends, and in turn improved sales. As per a trading update for Q1 2016, CRH delivered good performance driven by strong sales in the Americas. In the US, the demand for aggregates and ready-mixed concrete was high with positive pricing trends and asphalt volumes were strongly ahead; however, prices reduced due to a continuing low input cost environment. In Europe, markets stabilised while pricing remained competitive. In Asia, strong demand for cement, particularly in the Philippines, was supported by increased foreign direct investment in the business process outsourcing sector, overseas workers' remittances and increasing government infrastructure spend. In H2 2016, the management expects to continue to make progress on a group EBITDA basis in the absence of any major financial or energy market dislocations."

    Update from Beaufort: Https://www.research-tree.com/companies/ireland/construction-materials/crh-plc
     

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