Firm on target for recovery in 2010

CRH, one of the leading providers of building materials globally, has like the rest of the players in the sector been hit hard by the global downturn.

Following its market update yesterday showing profits for the year down by 30% to 55%, the group is on target to do well in the current year and remains a 2010 stock choice with analysts. Last year’s results are broadly in line with the outlook produced in November.

CRH also pointed to improved road spending in the US throughout the second half of the year, boosted by the special initiatives introduced by the Obama administration to get the economy back to growth in 2010.