Ireland: Strong sales revenue and earnings growth from CRH’s America Materials and Building Products divisions have driven its performance in the first half of 2022. The group’s total revenue rose by 14% year-on-year to US$15bn in the first half of 2022 from US$13.2bn in the same period in 2021. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 21% to US$2.21bn from US$1.82bn. Its sales revenue of cement, lime and cement products grew by 5% to US$2.47bn.
The group’s America Materials division reported an increase in sales revenue and EBITDA of 17% to US$5.55bn and 12% to US$820m respectively. Cement sales in the region grew by 15% although lower activity was noted in Canada. The group’s Europe Materials division reported an increase in sales revenue and EBITDA of 5% to US$5.43bn and 4% to US$609m respectively. However the company said that before sales and earnings in the region grew by 14% on a like-for-like basis. The group’s Building Products division - which supplies architectural products, infrastructure products and construction accessories – performed particularly well compared to the other sectors.
Albert Manifold, the chief executive officer of CRH, said “CRH has delivered another strong performance with further growth in sales, EBITDA and margin despite a challenging and volatile cost environment. This performance reflects the continued execution of our integrated and sustainable solutions strategy.”
