| 8.1°C Dublin

How will Ireland's biggest firms fare in 2015?


Andrew Langford of FBD

Andrew Langford of FBD

Kingspan chief executive Gene Murtagh

Kingspan chief executive Gene Murtagh

Andy McCue

Andy McCue


Andrew Langford of FBD

We gathered together the views of some of Ireland's biggest companies to see what they're forecasting for 2015.

Kerry Group

CEO Stan McCarthy

"While showing early signs of recovery, increased fragmentation and polarisation in the Irish and UK consumer foods markets contributed to increased competitiveness. Kerry performed satisfactorily against this background whilst continuing to progress its business repositioning strategies."


CEO Gene Murtagh

"Ireland volumes in this market are still relatively low by historic comparison, albeit with a significant growth in activity in 2014. This momentum is likely to continue as Ireland gradually rebuilds itself, and the overhang from the 'boom' years gets absorbed, giving way to further new-build opportunity."


CEO Andrew Langford

"2014 was a very difficult year for the Irish insurance industry and for FBD. The claims environment has deteriorated significantly and at a speed which exceeded expectations.

"Our focus for 2015 is on ensuring that we continue to support our customers when they need us, while ensuring our business model stays robust and delivers shareholder return. FBD has taken significant, targeted actions to return to profitability."

Bank of Ireland

CEO Richie Boucher

"Having to date returned circa €6bn in cash to the Irish taxpayers for their support and €4.8bn investment in BoI, we have made further substantial progress against our strategic priorities in 2014.

"The outlook for the Irish and UK economies remains favourable. We have our strong retail and commercial franchises in these markets and we have resilient and professional people, who are motivated and focused and have a proven track record of delivery."

Paddy Power

CEO Andy McCue

"Sportsbook stakes are up 18pc in online and 8pc, like-for-like, in retail (during the period January 1 to February 26 in constant currency).

"Sports results have been broadly in line with our expectations, as compared with adverse results in the equivalent period last year.

"Although we face well-flagged new taxes and regulations this year, the recent depreciation of the euro since our last update, if sustained, would increase operating profits by approximately €5m in 2015."


CEO Siobhan Talbot

"The group expects to achieve growth in 2015 of 9pc to 11pc in adjusted earnings per share, constant currency, with growth weighted towards the second half.

"Ongoing efficiency measures in Dairy Ireland are expected to underpin a further improvement in performance, and joint ventures and associates are expected to be broadly in line with 2014."

Sunday Indo Business