ABC -16.92%: a first-half report for the construction products company today was impacted by a range of issues with shares falling heavily as a result. Underlying EBIT fell -7% year on year as cost pressures and weather impacted margins. The company said demand remains strong across each of the sectors and price hikes are being pushed through to regain margins however the cement volumes will be impacted by longer completion periods as the construction sector faces labour and materials shortages. Earnings are expected to grow in the 2H, though highly doubtful that the company will reach consensus numbers.
MM has no interest in ABC
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