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Nov 22 2022, 07:10 GMT
CRH
Demonstrating strong resilience; guidance confirmed
- Sectors : Building Materials
- Companies : CRH
DAVY VIEW
CRH’s continued outperformance – 9% like-for-like (LFL) EBITDA growth year-to-date with margins up on 2021 – adds further authority to our view that its integrated solutions offering is a source of competitive advantage. Into 2023, the group is well-positioned against an uncertain macro backdrop through its improved business mix and balance sheet strength (1x leverage at year-end), which we believe will act as an accelerant for value creation.
