CRH sees earnings growth despite energy costs and Ukraine war

“Overall, assuming normal seasonal weather patterns and absent any major dislocations in the macroeconomic environment, we expect group sales, ebitda and margin for the first half of the year to be ahead of 2021,” the company said. Ebitda refers to earnings before interest, tax, depreciation and amortisation.

The division’s sales in the UK and Ireland were “well ahead” of the same period in 2021, fuelled by higher underling demand and milder weather conditions. Sales in CRH’s Americas Materials operations were up 13 per cent, with the largest roadbuilder in North America’s asphalt volumes rising 19 per cent as acquisitions offset negative impact of weather and timing of projects in the market. Still, its aggregates volumes dipped 3 per cent, hit by adverse weather conditions in the Northeast, Great Lakes and West divisions. Cement and paving and construction services business also grew during the period.

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CRH reports ‘positive’ start to 2022 on the back of strong demand | Business PostDespite challenges of “significant energy cost volatility” and the ongoing conflict in Ukraine, CRH expects like-for-like EBITDA for the first six months of the year in its Europe Materials business to be ahead of the prior year period. ellied798 reports.
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