Building Blocks for Performance

Research evidence excerpt

Building Blocks for Performance

EUROPE | Building, Construction &

Housebuilders EquityJulyResearch2, 2026

Another quiet week next week in terms of corporate news flow. Key industry

datapoints include Europe and UK construction PMIs, UK house prices &

RICS survey, and US NAHB remodeling market.

Previews: Howden Joinery (23 Jul), Heidelberg Materials (30 Jul), Saint-Gobain (30 Jul), .•

Holcim (31 Jul), Travis Perkins (4 Aug), Amrize (Aug) RATING

Events: Sika CFO - Fireside Chat, Jefferies Global Industrials Conf NYC UK HOUSEBUILDERS• Barratt Redrow Hold Building & Construction: Monthly Weather Tracker• Bellway Buy

Nailing It: Jefferies Global Building & Construction Valuation Comps Berkeley Group Buy•

Australia Dwelling Permits Flat Sequentially in May, Albeit Still +5% YoY Crest Nicholson Buy•

Chart of the Week: Downside protection in Sika's FY26 price versus cost Persimmon Buy• Taylor Wimpey Buy

Chart of the Week II: Permits For Commercial Roofing in US• Vistry Group Hold

Buildings Safety Remediation - The Timing Of The Tail PAN EURO BUILDING PRODUCTS•

Building Safety Remediation: Monitoring The Progress Amrize Hold•

CRH: Model Update Post-Arcosa Acquisition CRH Buy• Forterra Buy

Postcard From Europe: Feedback From Investor Meetings Geberit Buy•

Sika: Postcard from Baden-Baden - Feedback from German & Swiss Corporate Genuit Buy•

Conference Heidelberg Materials Buy

Berkeley First View: FY26 Results Holcim Hold• Ibstock Buy

French Construction: Current Business Ebbs However Expectations Tick Up in June Kingspan Hold•

Poland Residential Permits Slip Sequentially in May, Still Up >10% YoY Saint-Gobain Buy•

Infrastructure Blueprint Sika Buy• Volution Buy

ESG: ESG Funds Ownership in Pan-Euro Building, Construction & Housebuilders, [Watch• PAN EURO DISTRIBUTORS