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CRH resumes growth as Brexit anxiety wanes

Management expects the difficult UK market to stabilise post-election
CRH resumes growth as Brexit anxiety wanes

CRH (CRH) saw like-for-like sales and cash profits improving across its European and American materials businesses, as well as in the building products division through 2019. Management attributed this to a “positive demand backdrop” in America and certain European regions. The UK remained a black spot in the period, with Brexit uncertainty leading to reduced construction activity. However, with decreased uncertainty following the general election, the building materials group is expecting the market to stabilise in the coming year.

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