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Revenues and Profits at ICG Surge as Travel Curbs Over

30th August 2022
Revenues at ICG for the first half of 2022 jumped by 85.8% to €263.1m from €141.6m the same time last year. Above AFLOAT adds Irish Ferries Dover-Calais which opened last summer, is operated by three vessels, including the latest, Isle of Inisheer which was introduced this year.
Revenues at ICG for the first half of 2022 jumped by 85.8% to €263.1m from €141.6m the same time last year. Above AFLOAT adds Irish Ferries Dover-Calais which opened last summer, is operated by three vessels, including the latest, Isle of Inisheer which was introduced this year. Credit: Irish Ferries-retweeted

Irish Continental Group which owns Irish Ferries, has reported a surge in revenues and profits for the six month to the end of June as it saw a gradual return towards pre-Covid travel patterns after the disruption of the last two years.

ICG said its revenues for the first half of 2022 jumped by 85.8% to €263.1m from €141.6m the same time last year.

It also reported a profit before tax of €15.4m compared to a loss before tax of €12.2m in the first half of 2021.

ICG said it carried 214,200 cars on its ferries in the first six months of the year - an increase of 618.8% on the same time last year.

Total passenger carryings came to 894,400, an increase of 573.5% on 2021, which it said reflected a gradual return to normal travel patterns compared to a full six-month period of travel restrictions the same time last year in response to the Covid-19 pandemic.

The increase also reflects the impact of six full months of trading on the Dover-Calais route, which started on June 29, 2021, it added.

RTE News reports more here on the group's half-year results. 

Published in Irish Ferries
Jehan Ashmore

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Jehan Ashmore

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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. 

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About Irish Ferries

Irish Ferries, owned by the Irish Continental Group, is a a major ferry operator in Ireland, providing daily and weekly links to and from Ireland for tourism and freight travelling between Ireland and the UK and Ireland and the continent. Irish Ferries has a fleet of six ships, three of which service the busy Dublin to Holyhead route.

The ICG Chairman is John B McGuckian and the CEO is Eamon Rothwell.

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