Building Blocks for Performance

研报英文原文证据摘录

Building Blocks for Performance

EUROPE | Building, Construction &

Housebuilders EquityJuneResearch25, 2026

Next week remains quiet in terms of corporate news flow. Industry

datapoints to watch include UK house prices, building costs, mortgage

approvals, credit conditions & property transactions; PPI data for France

and Italy; and US FHFA house prices and construction spending.

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Previews: Holcim (31 Jul), Amrize (Aug) RATING•

Events: Sika CFO - Fireside Chat, Jefferies Global Industrials Conf NYC UK HOUSEBUILDERS• Barratt Redrow Hold

Berkeley First View: FY26 Results Bellway Buy•

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

Conference Crest Nicholson Buy

Persimmon Buy

French Construction: Current Business Ebbs However Expectations Tick Up in June• Taylor Wimpey Buy

Poland Residential Permits Slip Sequentially in May, Still Up >10% YoY Vistry Group Hold•

CRH Confirms It Will Acquire Arcosa For $8.5bn, Media Speculation on Possible Large PAN EURO BUILDING PRODUCTS•

Scale Acquisition Amrize Hold

CRH Buy

Chart of the Week: FY26 Consensus versus Guidance into 2Q Reporting• Forterra Buy

What Do We Know About Housing Policy of the Potential Incoming Prime Minister? Geberit Buy•

German Construction: Showing Signs Of Improvement Genuit Buy•

My Dad Was a Weatherman Heidelberg Materials Buy• Holcim Hold

Saint-Gobain: Feedback From Sellside Lunch With CEO & CFO• Ibstock Buy

Cement Consensus Chaser Kingspan Hold•

Vistry: Model Update - Greater Clarity Required Saint-Gobain Buy•

Infrastructure Blueprint Sika Buy• Volution Buy

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

The Video] Home Of The Future Howden Joinery Hold