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BRIEF-CRH sees UK activity bottoming out at very low levels

Published 11/26/2019, 05:19 PM
Updated 11/26/2019, 05:24 PM
BRIEF-CRH sees UK activity bottoming out at very low levels

Nov 26 (Reuters) - CRH PLC CRH.I conference call with
analysts:
* CRH CEO ON CAPITAL ALLOCATION, WOULD EXPECT TO CONTINUE
WITH
MORE OF THE SAME IN 2020
* CRH CEO SAYS LOTS OF ACQUISITION OPPORTUNITIES OUT THERE
IN THE
U.S., STILL BEDDING DOWN RECENT DEALS
* CRH CEO SAYS DOES NOT WANT DISTRACTION OF TAKING ON MANY
BIG
DEALS RIGHT NOW, BUT WILL NEVER SAY NEVER
* CRH CEO SEES UK MARKET BOTTOMING OUT AT VERY LOW ACTIVITY
LEVELS, WELL POSITIONED TO DELIVER ON LARGE INFRASTRUCTURE
PROJECTS
* CRH CEO SAYS CAN TAKE IT THAT DISPOSALS OF UNDERPERFORMING
BUSINESSES IS AN EMBEDDED PART OF GROUP STRATEGY
* CRH CEO SAYS HAS A POSITIVE OUTLOOK ON CURRENT US
CONSTRUCTION
CYCLE
* CRH CEO SAYS IF UK STRIPPED OUT OF EUROPEAN NUMBERS,
MARGIN
WOULD IMPROVE TO +40 BPS FROM -40 BPS

Further company coverage: CRH.I

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