TRADING UPDATE
Volumes (Year to date,
2021 | 2020 | Change v 2020 | 2019 | |
Cars * | 176,500 | 122,300 | +44.3% | 369,000 |
254,200 | 292,300 | -13.0% | 280,100 | |
Container Freight (teu) | 316,300 | 286,300 | +10.5% | 313,100 |
Terminal Lifts | 301,400 | 257,700 | +17.0% | 291,200 |
Volumes (since last Trading Update,
Change v 2020 | 22/8/19- | |||
Cars * | 98,600 | 36,400 | +170.9% | 95,600 |
85,900 | 94,500 | -9.1% | 82,600 | |
Container Freight (teu) | 89,700 | 85,900 | +4.4% | 89,900 |
Terminal Lifts | 87,100 | 76,400 | +14.0% | 83,700 |
(* carryings across all ferry routes, including start-up Dover – Calais route)
Ferries Division
The Ferries Division has seen improved trading conditions in its passenger business following the easing of travel restrictions across the EU in mid-July with the introduction of the EU Digital Covid Certificate and with Brexit negatively impacting freight volumes but positively impacting freight revenue as more freight customers take the longer direct route to
Total revenues recorded in the period to 31 October were €144.5m, up 24%.
On a like for like basis (excluding Dover-Calais) over the same period, compared with 2020
- ro-ro volumes are down 20% but ro-ro revenue is flat as more customers use our Dublin-Cherbourg route where rates are higher given the longer journey time
- car volumes are up 16%
The impact of Covid related restrictions has had a significant impact on Passenger traffic with car volumes year to date on a like for like basis (excluding Dover Calais) down 61% compared with 2019 but reassuringly with the easing of restrictions car volumes in the period 22nd Aug to 20th
Container and Terminal Division
The Container and Terminal Division continues to perform strongly. In the year to 20 November container shipments are up 10.5% with container lifts at our terminals in
Total revenue in the division to 31 October was €146.5 million, an increase of 20.8% on the prior year. However, this was partially offset by increased fuel and supply chain costs.
Recent Developments
The Group is pleased to announce that it has entered into an agreement for the purchase of the ro-pax ferry Ciudad de Mahon from Trasmed GLE. Title to the vessel will transfer to ICG on delivery which is expected by late
The Company commenced services on the Dover Calais route on
Dublin Ferryport Terminals expect to commence operations at the new inland port container facility during December. This will facilitate increased capacity at the quayside container terminal at Dublin Port during 2022 with the construction of additional container stacks and the addition of 2 electrically powered remotely operated rubber-tyred gantries (RTGs), with a further 3 RTGs scheduled for later delivery as replacement for existing diesel units.
The Group acknowledges its stakeholder responsibilities to operate in a manner that minimises climate impacts and continues to establish and enhance its processes and initiatives to achieve sustainable development in line with its environmental framework. The Group is closely monitoring current industry developments at the
The Group remains in a strong financial position with cash and undrawn committed credit facilities at 31 October of €142.4 million and net debt of €114.4 million (pre-IFRS 16: €64.1 million).
END.
Enquiries
Q4 Public Relations Tel +353 1 475 1444 Email: press@q4pr.ie
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