General Industry

Irish Continental Group EBITDA Decreases 15.6%

By Dave Simpson
Irish Continental Group EBITDA Decreases 15.6%

Earnings before interest, tax, depreciation and amortisation (EBITDA) at Irish Ferries operator Irish Continental Group (ICG) decreased 15.6% to €68.4 million last year, while its earnings per share (EPS) declined 25.5% to 21.1c.

The Irish Times quotes ICG chairman John B McGuckian as saying, "2018 was a challenging year operationally, but one in which significant progress was made in the strategic development of the group. Whilst mindful of the uncertainty created by the proposed exit of the UK from the EU, trading in the year to date has been encouraging."

Proposed Rise In Dividend

Despite experiencing a decline in earnings in 2018, ICG is still proposing a 5% rise in its dividend to 8.56c per share.

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