Ferries operator Irish Continental Group’s consolidated revenues rose by 3.1 per cent to €289.9 million in the first ten months of the year with a weaker sterling failing to ca
use any lasting damage.
Total revenues for the group’s ferries division amounted to €184.4 million, up 1.4 per cent on the previous year.
Irish Ferries carried 385,100 cars, up 2.2 per cent on the prior year with carryings since the end of June, rising 2.1 per cent versus the same period in 2016.
Freight carryings rose 0.5 per cent to 247,700 roll-on, roll-off (RoRo) units. Carryings are up 1.6 per cent since the end of June underperforming market growth rates as the group focused on higher yielding accompanied freight traffic ahead of the introduction of the new ferry WB Yeats next years.
The euro value of the ferries division’s sterling originating revenues have been affected by currency fluctuations but this was offset by improvement from Sterling based costs.