Telecoms

Revenues top €1bn at Eir but soaring costs hit earnings

Turnover at the telecoms giant rose €52 million year-on-year after a strong final quarter

Eir operating costs rose 8 per cent to €7 million in the last 3 months of 2023. Picture: Fergal Phillips

Eir, the telecommunications giant, saw revenue grow 4 per cent in 2023, but earnings pulled back as costs rose.

The company said revenue was up €52 million year-on-year to €1.3 billion after a strong final quarter when turnover rose 3 per cent.

However, operating costs rose 8 per cent to €7 million in the last 3 months of 2023, and rose €12 million to €399 million year-on-year. The rise in costs impacted Ebitda, earning before ...