Displaying items by tag: acquired ferries
Revenue Increases Sharply At Ferry Group ICG
Irish Ferries parent company the Irish Continental Group has reported an increase in revenue for the first four months of the year.
In a trading statement, the group provides comparisons to the same period last year as well as to the first four months of 2019, the year before the pandemic struck.
ICG said group revenue up to the end of April this year came in at €161.2 million - an increase of 80.5% on last year, but it was also up over 57% on 2019 levels.
Net debt increased by €30 million to stand at just over €174 million.
The increase in debt was accounted for by strategic capital expenditure mainly arising from the acquisition of two ferries for their new Dover-Calais service as Afloat reported, the Ciudad de Mahón from a Spanish operator and Calais Seaways from a Danish company.
RTE News has more from both the ferry and container/terminal divisions.
To consult ICG's Trading Statement, click here.
