Thursday August 13, 2020

Gowan Group aims to break even

The Gowan Group, one of the country’s largest family-owned businesses, expects to break even next year after major restructuring.

7th November, 2009

The Gowan Group, one of the country’s largest family-owned businesses, expects to break even next year after major restructuring.

The group had pre-tax losses of more than €50 million last year after experiencing a decline across all divisions. It is forecasting a reduced loss for this year, but expects to be ‘‘cash break even’’ in 2010, according to Michael Dwan, managing director.

The restructuring will involve reducing staff numbers and...

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