A robust economic recovery outlook has unleashed a manufacturing boom so far this year, making the backdrop favorable for basic materials stocks. Prices of basic materials have been on the rise, backed by strong demand from industrial activities. Amid this environment, we think investors should bet on companies in the basic materials space that possess strong enough pricing power to combat any downturn caused by rising inflation. We believe under-the-radar basic materials stocks Tredegar Corp (TG), CRH Plc (CRH), LyondellBasell Industries (LYB), and Vedanta (VEDL) possess that characteristic and are worth adding to one’s portfolio now. Let’s take a closer look.
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DUBLIN, IRELAND / ACCESSWIRE / April 28, 2021 / CRH PLC (LSE:CRH)(ISE:CRG)(NYSE:CRH) Announces Trading Update April 2021:
Key Highlights
Good underlying demand & continued pricing progress across key markets
Year-to-date acquisition spend $0.2bn; strong pipeline of opportunities
$0.2bn divestment of Brazil cement business complete
Share buyback programme ongoing; $0.3bn tranche to be completed by end of June
H1 Group EBITDA expected to be well ahead of prior year
Albert Manifold, Chief Executive, said today:
We had a positive start to the year in a seasonally quiet period for our business with good underlying demand and pricing progress across our key markets. While near-term uncertainties remain, we expect first-half profitability to be well ahead of the prior year period which experienced a heavily disrupted second quarter due to COVID-19. As we look ahead to the second half of the year, we expect further normalisation in our markets as the health situation contin
CRH has released a trading update ahead of its annual general meeting, which takes place tomorrow. The company has seen sales rise three per cent on a .
Good underlying demand & continued pricing progress across key markets Year-to-dateacquisition spend $0.2bn; strong pipeline of opportunities $0.2bn divestment of Brazil cement business complete Share buyback programme ongoing; $0.3bn tranche to be completed by end of June H1 Group EBITDA expected to be well ahead of prior year Albert Manifold, Chief Executive, said today: We had a positive start to the year in a seasonally quiet period for our business with good underlying demand and pricing progress across our key markets. While near-term uncertainties remain, we expect first-half profitability to be well ahead of the prior year period which experienced a heavily disrupted second quarter due to COVID-19. As we look ahead to the second half of the year, we expect further normalisation in our markets as the health situation continues to improve.
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