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Irish Continental Group Delivers Mixed Early 2025 Results Amid Fleet Expansion

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Irish Continental Group plc (LSE:ICGC) reported a mixed start to 2025, with group revenue rising 7.1% year-over-year to €189.5 million for the first four months. While overall revenue growth reflects ongoing operational expansion, the company faced headwinds including the temporary closure of Holyhead Port and the impact of newly imposed US tariffs.

Operationally, performance varied by division. The Ferries Division experienced a slight decline in revenue, primarily due to lower volumes in both car and freight traffic. In contrast, the Container and Terminal Division posted strong gains, benefiting from an uptick in container freight volumes and increased activity at its Dublin and Belfast terminals.

Despite the external pressures, Irish Continental continued its strategic investment in growth, acquiring additional vessels to enhance capacity and improve service efficiency.

About Irish Continental Group plc

Irish Continental is a major maritime transport provider based in Ireland. Through its Irish Ferries brand, the company operates passenger and freight services connecting Ireland with Britain and Continental Europe. Its Eucon division specializes in Lift-on/Lift-off (LoLo) container freight services, while the company also manages container terminal operations in key ports such as Dublin and Belfast.

  • Average Daily Trading Volume: 2,630 shares

  • Technical Sentiment Indicator: Strong Buy

  • Market Capitalization: £704.6 million

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