Melissa Clinton March 6, 2017 No Comments

Irish Continental Group (ICG) the leading Irish-based maritime transport group, reports a solid financial performance for the year ended 31 December 2016.

Highlights

  • Revenue up 1.5% to €325.4 million (2015: €320.6 million
  • EBITDA up 10.6% to €83.5 million (2015: €75.5 million)
  • Basic EPS up 8.7% to 31.4c (2015: 28.9c)
  • RoRo freight volumes up 5.0% to 286,100 units (2015: 272,500 units)
  • Cars carried up 3.3% in the year to 414,100 units (2015: 400,900 units)
  • Container volumes shipped in the year up 6.0% to 303,600 teu* (2015: 286,500 teu)
  • Port lifts handled in the year up 15.9% to 288,100 lifts (2015: 248,500 lifts)
  • MV Kaitaki to remain on charter to June 2020
  • Net Debt down 14.4% to €37.9 million from €44.3 million at 31 December 2015
  • IAS 19 accounting deficit on retirement benefit schemes has increased from €5.1 million at 31 December 2015 to €13.5 million at 31 December 2016
  • Final dividend 7.760 cent, up 5.0% (2015: 7.387 cent)

For more information please visit Irish Continental Group plc