Revenues at Irish Continental Group for 2021 Sail 20% Higher Despite Covid Curbs

10th March 2022

ICG said the number of cars it carried on its division, Irish ferries last year jumped by 48.5%. Above Afloat adds W.B. Yeats berthed at Dublin Port loading vehicles bound for Holyhead Credit: Jehan Ashmore

Irish Ferries owner Irish Continental Group has reported higher revenues and earnings for 2021 after what it called another challenging year for the group, with a continuation of travel restrictions due to Covid-19.

ICG said its revenues for the year to December rose by 20.7% to €334.5m from €277.1m in 2020.

It also reported a loss before tax of €4.1m, which marked an improvement on the loss of €18m reported in 2020.

The company's EBITDA rose by 24.2% to €52.3m from €42.1m in 2020 mainly due to increased revenues and a continued focus on cost optimisation.

ICG said the number of cars it carried on its ferries last year jumped by 48.5%, while passenger numbers rose by 28.7% and RoRo freight units decreased by 13.6%.

During the year, ICG started the new Irish Ferries' services on the Dover-Calais route. The new route started in June with the deployment of the Isle of Inishmore.

ICG said the route was further boosted with the introduction of the Isle of Innisfree onto the route on the 16 December 2021.

It also bought a third ship for the route to be named the Isle of Inisheer, which is expected to enter service onto the route in the first half of 2022.

Further coverage from RTE News.

Published in Irish Ferries

Tagged under

Revenues Rise

About The Author

Jehan Ashmore

Email The Author

Jehan Ashmore is a marine correspondent, researcher and photographer, specialising in Irish ports, shipping and the ferry sector serving the UK and directly to mainland Europe. Jehan also occasionally writes a column, 'Maritime' Dalkey for the (Dalkey Community Council Newsletter) in addition to contributing to UK marine periodicals.

We've got a favour to ask

More people are reading Afloat.ie than ever thanks to the power of the internet but we're in stormy seas because advertising revenues across the media are falling fast. Unlike many news sites, we haven’t put up a paywall because we want to keep our marine journalism open.

Afloat.ie is Ireland's only full–time marine journalism team and it takes time, money and hard work to produce our content.

So you can see why we need to ask for your help.

If everyone chipped in, we can enhance our coverage and our future would be more secure. You can help us through a small donation. Thank you.