Volatility expected to slow building materials giant CRH's growth

Building materials giant CRH is expected to see lower-than-anticipated earnings growth in 2017 in light of potential ongoing market volatility and economic uncertainty.

The Dublin-headquartered group was one of the hardest hit in the big sell-off of Irish shares last week – dropping 9% on the first day of trading following the Brexit referendum result – but recovered as the week progressed.

CRH’s revenues grew 25% and earnings rose 35% in 2015 – a transformational year helped by the record €6.5bn purchase of former assets of newly-merged European peers Lafarge and Holcim.