CRH posts double-digit profit growth but warns of continued inflation in materials prices

The construction and materials company said the inflationary input cost environment would continue in 2022, while supply chain challenges will also likely persist

Albert Manifold, the veteran chief executive of CRH, said the group had delivered profit growth and margin expansion last year despite significant inflationary headwinds. Picture: Maura Hickey

CRH, the buildings materials giant, recorded double-digit profit growth last year and has warned of a continuing inflationary environment for construction materials this year.

Announcing full year results this morning, CRH reported a 58 per cent increase in operating profits for 2021 to just under $3.6 billion, as profit margins expanded from 8.2 per cent in 2020 to a robust 11.6 per cent last year.

The Dublin-headquartered company posted a 16 per cent increase in ...