Profit & Loss: Inside the world of private Irish businesses

Profit & Loss: Inside the world of private Irish businesses
Former GPA executive Gus Kelly

Sean Gallagher Business Matters, AerCap and Etsy's Irish arm

The Irish arm of Etsy, the e-commerce platform, saw its turnover rise from €59.4 million in 2016 to €82.3 million in 2017.

Meanwhile, the company saw a pre-tax loss of €102.9 million in 2016 turn to a pre-tax profit of €54.4 million, thanks largely to a reduction in its expenses from more than €110 million to just over €65 million. Its accumulated losses fell from €149.6 million to €136.1 million.

All of Etsy’s turnover was generated in Ireland,with €37.1 million from market revenue and...

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