business

Irish Continental Group enjoys bumper year as ferry revenues rise to €400m

Transport group reports 74 per cent jump in overall revenues and pays out €24m in dividends to its shareholders but says it is ‘concerned’ by the lack of checks on goods arriving into Northern Ireland from Britain

Irish Ferries: the company carried 2.3 million passengers in 2022 – up from around 667,000 the year before

Revenues at Irish Continental Group (ICG), the transport group that owns Irish Ferries, soared by 74 per cent, or €250 million, last year in a record period of growth post-pandemic.

ICG this morning posted its full-year results for 2022, which showed a significant spike in trading levels at both its ferries division – the Irish Ferries part of the business – and its container and terminal division.

Overall revenues came in at €584.9 million, up ...