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W.B. YEATS © George Giannakis

W.B. YEATS © George Giannakis

Irish Continental Group’s H1 results

FinanceRevenue for the half year increased by 85.8% to EUR 263.1 million (EUR 141.6 million). In the Ferries division revenue* increased by 166.9% to EUR 167.9 million (EUR 62.9 million). EBITDA for the half year increased by 272.4% to EUR 47.3 million (EUR 12.7 million). EBITDA in the Ferries division increased to EUR 29.8 million (EUR (0.6) million).

Net debt of EUR 154.5 million (Pre IFRS 16 EUR 105.9 million) at 30 June 2022 compared with a net debt position of EUR 142.2 million (Pre IFRS 16 EUR 84.6 million) at 31 December 2021. Net debt increased by EUR 12.3 million over the course of the period. Pre IFRS 16 net debt increased by EUR 21.3 million since prior year end.

Ferries Division

- Passenger, car and on-board revenue up 479.2% to EUR 58.5 million.
- Ro-ro freight revenue up 94.3% to EUR 85.5 million.
- Ship chartering revenue amounted to EUR 23.3 million (EUR 8.8 million) – includes EUR 14.6 million of inter-segment revenue.
- Operating costs increased by 117.5% to EUR 138.1 million.

*Inclusive of Inter-segment Revenue

Full H1 presentation https://icg.ie/wp-content/uploads/2022/08/2022-H1-Results-Presentation-Final.pdf

Aug 26 2022

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