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May 9 2024, 08:05 IST/BST
Irish Continental Group (ICG) has seen a strong start to the year. Consolidated group revenue in the period was €177.0m (2023: €163.4m), an increase of 8.3% compared to last year (inclusive of EU ETS surcharges). With the summer period key, we will leave our estimates for the year, including EBITDA of €138m, unchanged. We expect some normalisation of volume growth in the summer; nevertheless, operating leverage (we currently assume 4.5% revenue growth) should help significantly with any cost increases incurred.
May 9 2024, 08:05 IST/BST