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Tourist bookings on rise again at Irish Ferries

By John Mulligan

Published 01/09/2016

Tourist bookings on Irish Ferries have recovered following a decline caused by June's Brexit vote, according to owner Irish Continental
Tourist bookings on Irish Ferries have recovered following a decline caused by June's Brexit vote, according to owner Irish Continental

Tourist bookings on Irish Ferries have recovered following a decline caused by June's Brexit vote, according to owner Irish Continental.

The ferry group said that its revenue rose 5.2% to €150.2m (£128m) in the first six months of the year, while earnings before interest, tax, depreciation and amortisation were 19.6% higher at €30.5m (£26m).

Northern Ireland industrialist John B McGuckian, who chairs the company, also said that despite the Brexit vote, Irish Continental (ICG) remains positioned to capitalise on an improving economy.

"The UK referendum result has, to date, had very little impact on roll-on, roll-off freight volumes, which remain strong.

"Notwithstanding the impact of weaker sterling, ICG is well-placed to benefit from the underlying growth trends in both car and freight volume."

He said tourist numbers over the key summer months were broadly in line with expectations.

Belfast Telegraph

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