Monday 18 December 2017

Profits at eBay's main Irish arm fall to €6.1m


Gordon Deegan

Pre-tax profits at the main Irish unit of online giant eBay fell 6pc to €6.1m last year, new figures show.

According to accounts just filed with the Companies Office, eBay Europe Services revenues rose from €56.6m to €59.6m in the 12 months to the end of December last.

The number of workers rose from 695 to 735 due to further expansion of its European customer support activities. The firm's principal activity is providing customer support services, corporate administration services and other services on behalf of the eBay group.

The firm paid a dividend last year of €3m and in 2012, Ebay announced the creation of another 450 jobs here at an operations centre in Dundalk, Co Louth.

According to the directors' report "the business has performed broadly in line with expectations for the year".

The directors stated that "the Centre of Excellence and Innovation will continue to deliver innovative projects and research initiatives associated with improving customer experience".

The figures show that the company had shareholder funds totalling €35.4m. The firm had €12.3m in accumulated profits after its dividend payout while its cash increased from €15.8m to €18.3m.

The figures show that the company recorded an 8pc increase in operating profits from €5.4m to €5.9m.

A breakdown of staffs show that 650 are in marketing with 85 in administration. Staff costs last year rose from €39.74m to €41.5m- that included share-based payments of €1.8m.

The profits take account of operating lease charges of €1.5m and non-cash depreciation costs of €3.1m.Directors emoluments totalled €351,000 with four directors serving during the year. eBay set up in Ireland in 2003 and employs over 2,300 people across its eBay and PayPal facilities at Blanchardstown in Dublin and Dundalk Business Campus.

Irish Independent

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