PM Group sees profit fall amid heightened costs and inflation

Last year, 56% of its business was on behalf of multinational clients in Ireland, while the remainder was overseas

Brendan Jennings, chair, Anthony O’Rourke, CEO of PM Group

Irish construction project delivery firm PM Group said its operating profit fell by almost a quarter to €33.9m as it invested in expansion despite rising costs and inflation.

The group's total revenues declined by 7.5% to €566m, including pass-through revenue where it carries equipment and contract costs on behalf of clients. Underlying professional services fees were in line with 2022, the company said in a statement on Thursday.