Question

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Europe Materials,Americas Materials and Americas Products & Disbution all achieved significant profit growth, while in Europe Products & Disbution, where contributions from acquisitions were offset by weakness in the core Dutch market and continued first-half raw material cost pressures in our Insulaton business, the outcome was slightly lower than 2004.The performance of each of these Divisions is dealt with in some detail in their individual Operations Reviews.
With generally better economic activity in its major countries and continuing tight cost control in very competitive markets,Europe Materials achieved good advances in most of the territories in which it operates.In Finland and the Baltics, robust economic growth translated into better activity levels and increased profits.Poland had a strong second-half recovery from a very slow weather-affected first half and finished the year with good momentum and with volumes and profits ahead.Switzerland had a good year,with results broadly similar to 2004.In Spain,ongoing strength in housing and infrastructure led to further improvements in the outcome,while our Portuguese joint venture Secil,despite a flattening domestic market,delivered a satisfactory first full-year contribution.Irish profits advanced somewhat;a combination of increased public and commercial activity in Northern Ireland together with continued very strong housing and infrastructure markets in the Republic of Ireland,where commercial activity also continued to recover.
The most difficult markets faced by CRH in 2005 related to the Europe Products & Distribution Division.The Netherlands,which accounts for approximately half the sales of this Division,had very anemic economic growth;the residential sector was the brightest spot,continuing to recover from recent lows,but consumer confidence was weak,adversely affecting DIY sales.The German economy was particularly weak,but surrounding countries did somewhat better,while in the UK,brick demand was down.Ongoing cost initiatives were a factor across our businesses.Against this background,Concrete Products reported similar profits,with acquisition contributions and gains in the structural division outweighing weakness in our architectural business.In Clay Products,lower UK volumes were offset by stronger Mainland Europe activity and gains in pricing and cost effectiveness.Our growing Building Products division performed well,but Insulation showed further significant declines,due to restructuring costs and continued first-half input cost volatility which eased somewhat in the second half.Despite the very difficult market backdrop,our extensive Distribution group achieved record results;improvements in Portugal,Switzerland and France together with strength in Dutch builders merchants and acquisition contributions more than offsetting the Benelux DIY weakness.

Answer 1

　　欧洲、美洲的材料和美洲材料产品及Disbution都取得了显著的利润增长,而在欧洲的产品和Disbution贡献,哪里是抵消疲弱的核心荷兰市场继续上半时的原材料成本的压力在我们的Insulaton业务,结果却略低于2004 . 每个这些性能的部门办理在一些细节在他们的个人行动的评论。
　　与一般的更好的经济活动,主要国家和继续紧成本控制在极具竞争力的市场中,取得了良好的进展,欧洲材料大部分地区设有在芬兰和波罗的海诸国,强劲的经济增长,转化为更好的活动度增加利润波兰有着强烈的下半场的康复，天气影响很慢,完成了今年上半年与良好的势头和容积和利润前面瑞士有个不错的一年与结果大致相同,2004 . 在西班牙,持续的力量导致了房屋和基础设施的进一步改善,而我们的结果,尽管葡萄牙合资Secil扁平化、国内市场,有一个令人满意的第一全年贡献爱尔兰的利益结合起来的一种先进的有点;增加公众和商业活动在北爱尔兰连同继续很强的住房和基础设施市场在爱尔兰共和国,那里的商业活动也继续恢复。
　　最艰难的市场在2005年面临有关CRH欧洲产品及分布分区荷兰人,占大约一半的销售的这个区域,有非常贫乏的经济增长;住宅产业最明亮,继续恢复近期低点,但消费者信心软弱,影响DIY销售德国经济非常虚弱,但周围的国家也有所改善,在英国,砖的需求下降了持续的成本措施是一个因素在我国企业的. 在此背景下,具体的产品,以获取利润,类似的贡献和收益大于结构师在我们软弱的建筑业务在粘土制品、较低的英国卷抵消强的欧洲大陆的活动,在价格和成本效益我们成长的建筑产品部执行得很好,但绝缘显示进一步重大的下降,由于重组成本和继续上半时的输入成本有所波动在下半场尽管很困难,我们广泛分布的市场背景达到创纪录的结果;改善小组在葡萄牙、瑞士、法国和荷兰的力量共同建造商和获取捐款抵消了相同的弱点。

Answer 2

品和Disbution贡献,哪里是抵消疲弱的核心荷兰市场继续上半时的原材料成本的压力在我们的Insulaton业务,结果却略低于2004 . 每个这些性能的部门办理在一些细节在他们的个人行动的评论。
与一般的更好的经济活动,主要国家和继续紧成本控制在极具竞争力的市场中,取得了良好的进展,欧洲材料大部分地区设有在芬兰和波罗的海诸国,强劲的经济增长,转化为更好的活动度增加利润波兰有着强烈的下半场的康复weather-affected很慢,完成了今年上半年与良好的势头和容积和利润前面瑞士有个不错的一年与结果大致相同,2004 . 在西班牙,持续的力量导致了房屋和基础设施的进一步改善,而我们的结果,尽管葡萄牙合资Secil扁平化、国内市场,有一个令人满意的第一全年贡献爱尔兰的利益结合起来的一种先进的有点;增加公众和商业活动在北爱尔兰连同继续很强的住房和基础设施市场在爱尔兰共和国,那里的商业活动也继续恢复。
最艰难的市场在2005年面临有关CRH欧洲产品及分布分区荷兰人,占大约一半的销售的这个区域,有非常贫乏的经济增长;住宅产业最明亮,继续恢复近期低点,但消费者信心软弱,影响DIY销售德国经济非常虚弱,但周围的国家也有所改善,在英国,砖的需求下降了持续的成本措施是一个因素在我国企业的. 在此背景下,具体的产品,以获取利润,类似的贡献和收益大于结构师在我们软弱的建筑业务在粘土制品、较低的英国卷抵消强的欧洲大陆的活动,在价格和成本效益我们成长的建筑产品部执行得很好,但绝缘显示进一步重大的下降,由于重组成本和继续上半时的输入成本有所波动在下半场尽管很困难,我们广泛分布的市场背景达到创纪录的结果;改善小组在葡萄牙、瑞士、法国和荷兰的力量共同建造商和获取捐款抵消了相同的弱点。