December 2, 2024
Irish Continental Group reports a robust performance in its Ferries Division, reflecting strong growth in passenger and freight volumes.
- Key Highlights (Year to 23 November 2024):
- Passenger Cars: 657,000 carried (+11.0% vs 2023)
- RoRo Freight: 702,800 units (+7.8% vs 2023)
- Revenue for the Ferries Division to 31 October 2024 was €375.8 million, a 6.5% increase compared to €352.9 million in the same period in 2023. This growth was supported by strong performance across Irish Ferries’ routes connecting Ireland, Britain, and Continental Europe.
Revenue figures include surcharges tied to fuel price changes and emission allowances under the EU Emission Trading System (ETS).
The acquisition of the OSCAR WILDE under a lease purchase arrangement (with P&O Ferries) contributed to higher net debt on an IFRS basis (from €143.7m to €189.4 million).
Overall Group Performance:
Group revenue for the period to 31 October 2024 reached €521.0 million (+6.0% vs 2023).
