Belfast Telegraph

Revenue soars 32% at Dublin based plastics firm One51

By Michael Cogley

Irish plastics firm One51 increased its revenue by 32.4% last year, up to €366m (£287m).

Earnings before interest, tax depreciation and amortisation (EBITDA) increased by 67.1% at the Dublin-based firm.

One51 is also seeking to list its shares with an Initial Public Offering (IFO) a likely route. The company posted EBITDA of €36.1m (£28m) while its adjusted earnings per share increased by 30.5% to €0.698. While One51's gross profits increased year on year, its larger operating costs caused its profit before tax to fall to €21.1m (£16.5m)

One51 chief executive Alan Walsh said 2015 saw "significant growth". He said: "Moving to our next phase of growth requires that we enhance liquidity in the company's shares and maintain an appropriate capital structure while having access to alternative forms of capital. In recent months progress has been made to facilitate a listing."

Belfast Telegraph