CRH beat the highest estimate on pre-tax profit. CRH guided for further progress in 2018, without giving a quantitative target for sales or EBITDA. There was significant cost inflation across the group but management managed to improve the EBITDA margin in all divisions except for Asia. Asset rotation is going to be accretive on EBITDA and (potentially) EPS. Overall, following these earnings results, we shall leave our positive recommendation unchanged.
02 Mar 2018
FY17:Excellent set of results, asset rotation accretive on EBITDA and (potentially) EPS
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FY17:Excellent set of results, asset rotation accretive on EBITDA and (potentially) EPS
CRH public limited company (CRH:LON) | 0 0 (-0.2%) | Mkt Cap: 43,165m
- Published:
02 Mar 2018 -
Author:
Felix Brunotte -
Pages:
4
CRH beat the highest estimate on pre-tax profit. CRH guided for further progress in 2018, without giving a quantitative target for sales or EBITDA. There was significant cost inflation across the group but management managed to improve the EBITDA margin in all divisions except for Asia. Asset rotation is going to be accretive on EBITDA and (potentially) EPS. Overall, following these earnings results, we shall leave our positive recommendation unchanged.