Overall, a good operating performance with 9m lfl EBITDA 2% ahead of 9m 19.
Management expects EBITDA to be above $4.4bn, and other items to be largely in line with last year, with the P&L mainly impacted by $0.8bn of non-cash impairment.
In view of these results, we expect a slight increase in our target price. We intend to keep our Add recommendation.
24 Nov 2020
9m 20: financial strength boosted by weak M&A game
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9m 20: financial strength boosted by weak M&A game
CRH public limited company (CRG:FRA), 0 | CRH public limited company (CRH:NYS), 0 | CRH public limited company (CRH:LON), 6,211
- Published:
24 Nov 2020 -
Author:
Sejal Varshney -
Pages:
3
Overall, a good operating performance with 9m lfl EBITDA 2% ahead of 9m 19.
Management expects EBITDA to be above $4.4bn, and other items to be largely in line with last year, with the P&L mainly impacted by $0.8bn of non-cash impairment.
In view of these results, we expect a slight increase in our target price. We intend to keep our Add recommendation.