Irish Continental ( (GB:ICGC) ) has shared an announcement.
Irish Continental Group reported a 5.6% increase in revenue to €603.8 million for 2024, with strong performance in its Ferries Division despite challenges such as the disruption at Holyhead Port. The company chartered a new cruise ferry, Oscar Wilde, to enhance its Dover-Calais route offerings and signed a space charter agreement with P&O Ferries. While the Container and Terminal Division faced profitability challenges due to unrecovered container rates, the division experienced significant volume growth. The Group’s strategic focus on capital allocation and operational expertise positions it well for future opportunities, with a strong balance sheet supporting continued investment and growth.
More about Irish Continental
Irish Continental Group (ICG) is a leading Irish-based maritime transport group operating through two main divisions: the Ferries Division and the Container and Terminal Division. The Ferries Division, under the Irish Ferries brand, offers passenger and RoRo freight services and engages in ship chartering activities. The Container and Terminal Division includes the intermodal shipping line Eucon and strategically located container terminals in Dublin and Belfast.
YTD Price Performance: -3.83%
Average Trading Volume: 769
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £668.9M
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