Despite the Brexit-related contraction in lfl EBITDA margin in the Europe Materials division (an 80bp impact), CRH posted a 51% increase in EPS compared to H1 18 thanks to the good performance of the US. Overall, we expect an increase in our target price of some 5%.
02 Sep 2019
H1 19: in line with consensus, better H2 expected
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H1 19: in line with consensus, better H2 expected
CRH public limited company (CRH:LON) | 6,831 -1639.4 (-0.4%) | Mkt Cap: 47,200m
- Published:
02 Sep 2019 -
Author:
Felix Brunotte -
Pages:
3
Despite the Brexit-related contraction in lfl EBITDA margin in the Europe Materials division (an 80bp impact), CRH posted a 51% increase in EPS compared to H1 18 thanks to the good performance of the US. Overall, we expect an increase in our target price of some 5%.