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Aramark Ireland Records Pre-Tax Loss Of €16.2m

Published on Aug 17 2020 10:40 AM in Food tagged: Trending Posts / aramark

Aramark Ireland Records Pre-Tax Loss Of €16.2m

Food service, facilities and uniform services provider Aramark has revealed that its Irish subsidiary experienced a pre-tax loss of €16.2 million during the year that ended on September 27, 2019.

Meanwhile, group turnover decreased from €351.7 million to €335.9 million; earnings before interest, taxes, depreciation and amortisation (EBITDA) decreased from €4.9 million to €3.6 million; the number of people employed by the company in Ireland decreased from 5,417 to 5,240; and staff costs decreased from €149.3 million to €147.8 million, as reported by The Irish Times.

€168 million of Aramark's 2019 turnover came from food service, €82 million came from facilities management, €76 million came from retail activities and €10.3 million came from property management.

COVID-19 Impact

Aramark Ireland has said that it has been "significantly impacted" by the continuing COVID-19 crisis, and that an unspecified number of its employees are currently on the Irish government's temporary wage subsidy scheme, while the company is being supported by its parent during the crisis.

© 2020 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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