Building materials giant CRH still bullish despite US doubts

Building materials giant CRH has maintained its guidance for annual earnings of over €3bn, this year, despite US sales slowing in the second half.

The Dublin-headquartered group was bigged up in the immediate aftermath of last week’s US election results amid Donald Trump’s promises to spend big on infrastructure projects.

CRH makes about 60% of its profits in the US and is the third largest producer of construction aggregrates there. Its shares hit a nine-year high on the back of the election, but analysts and management have played down the significance.