Thursday 24 October 2019

Choppy water: Brexit impacts ICG numbers

The WB Yeats ferry arrives in Dublin Port
The WB Yeats ferry arrives in Dublin Port
Ellie Donnelly

Ellie Donnelly

Irish Continental Group (ICG) said Brexit uncertainty had "some negative impact on UK passenger bookings" in the lead-up to the proposed exit date of March 29 last.

For the year to May 11, the Irish Ferries parent group carried 95,000 cars, down 8.5pc on the previous year.

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The fall in numbers was also due to lower tourism volumes as a result of the planned suspension of fastcraft services on the Dublin to Holyhead route for a period.

Across all divisions, group revenue in the four months to April 30 was €102.3m, up 6.1pc compared with last year.

The group's revenue is weighted towards the summer period due to the seasonality of tourism bookings.

Yesterday shares in ICG were trading up 1.9pc.

Irish Independent

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