CRH, the Irish-headquartered building materials major, saw further growth in sales, EBITDA (earnings before interest, taxes, depreciation & amortisation) and margin in the first nine months of 2022 compared to the same period of last year.
The group achieved a resilient performance in an inflationary cost environment, with delivery said to be supported by the strength and resilience of its integrated solutions strategy.
CRH net sales for the nine-month review period totalled US$24.4bn (+13%), EBITDA was $4.2bn (+14%), with EBITDA margin at 17.1% (+10bps).
CRH chief executive Albert Manifold said: “Notwithstanding a challenging and volatile cost environment, I am pleased to report further growth in sales, EBITDA and margin during the first nine months of the year. This performance reflects the resilience of our business and the benefits of our integrated and sustainable solutions strategy. The strength of our balance sheet, combined with our relentless focus on disciplined capital allocation, provides further opportunities to create value for all our stakeholders. Looking ahead to the remainder of the year, we expect to deliver full-year EBITDA of approximately $5.5 billion, representing another year of progress for the group.”
