CRH 1H Sales, Ebitda In Line; Confirms 2H Ebitda Guidance
2014-08-19 06:07:17.283 GMT
By Cormac Mullen
Aug. 19 (Bloomberg) -- CRH says 1H sales rise 4% to
EU8.32b, Bloomberg est. EU8.27b, LFL sales growth 5%.
* 1H Ebitda +27% y/y to EU505m vs est. EU504m, co. forecast
EU500m
* 1H dividend/shr 18.5c in line with BDVD est. 18.5c
* Continues to expect 2H Ebitda to be “somewhat ahead” of
last year’s EU1.08b
* Says portfolio review progressing, multi-year divestment
program of ~EU1.5b-EU2b actively under way
* Says economic indicators continue to be positive in
Americas; despite more demanding comparatives expect
Americas overall to be ahead in 2H
* Says after strong start in Europe has seen some easing of
trends in recent months, whilst Ukraine uncertain political
backdrop remains cause for concern expects 2H performance
broadly in line y/y
* Says 1H acquisitions/investments EU130m
Link to Statement:NSN NAJI083HBS3S <GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Cormac Mullen in Dublin at +353-1-523-9526 or
cmullen9@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
2014-08-19 06:07:17.283 GMT
By Cormac Mullen
Aug. 19 (Bloomberg) -- CRH says 1H sales rise 4% to
EU8.32b, Bloomberg est. EU8.27b, LFL sales growth 5%.
* 1H Ebitda +27% y/y to EU505m vs est. EU504m, co. forecast
EU500m
* 1H dividend/shr 18.5c in line with BDVD est. 18.5c
* Continues to expect 2H Ebitda to be “somewhat ahead” of
last year’s EU1.08b
* Says portfolio review progressing, multi-year divestment
program of ~EU1.5b-EU2b actively under way
* Says economic indicators continue to be positive in
Americas; despite more demanding comparatives expect
Americas overall to be ahead in 2H
* Says after strong start in Europe has seen some easing of
trends in recent months, whilst Ukraine uncertain political
backdrop remains cause for concern expects 2H performance
broadly in line y/y
* Says 1H acquisitions/investments EU130m
Link to Statement:NSN NAJI083HBS3S <GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Cormac Mullen in Dublin at +353-1-523-9526 or
cmullen9@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net