2021
ANNUAL
REPORT &
FINANCIAL
STATEMENTS

STRATEGIC NEW ROUTE

During the year, Irish Ferries commenced services on the new Dover – Calais route. The services commenced on the 29 June 2021 with the deployment of the Isle of Inishmore. The route was further boosted with the introduction of the Isle of Innisfree onto the route on the 16 December 2021.

RESPONSIBLE CONSUMPTION

We are promoting responsible consumption through our selection of crew uniforms, which now contain 95 percent recycled polyester recovered from plastic bottles. In 2021 ICG purchased 9,000 garments, equating to 150,000 plastic bottles being recycled and prevented from reaching the oceans or landfill sites.

IMPROVED EFFICIENCY

The Group invested in upgraded, more efficient turbochargers on board Ulysses in late 2021. This has resulted in a significant lowering of exhaust temperatures, reducing overall wear and tear and improving fuel efficiency.

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Who we are Forward Looking Statement The Group Financial Highlights Our Group at a Glance Five Year Summary Chairman’s Statement Chief Executive’s Review Business Model and Strategy Key Performance Indicators and Summary of 2021 Results Ferries Division Container and Terminal Division Financial Review Sustainability and ESG Risk Management Our Fleet Executive Management Team
The Board Corporate Governance Report Report of the Audit Committee Report of the Nomination Committee Report of the Remuneration Committee Report of the Directors Directors' Responsibilities Statement
Independent Auditor's Report Consolidated Income Statement Consolidated Statement of Comprehensive Income Consolidated Statement of Financial Position Consolidated Statement of Changes in Equity Consolidated Statement of Cash Flows Notes to the Consolidated Financial Statements Company Statement of Financial Position Company Statement of Changes in Equity Notes to the Company Financial Statements
Investor and Other Information
 
Chairman's Statement
John B. McGuckian portrait

2021 was another challenging year for the Group, with a continuation of travel restrictions due to the Covid-19 pandemic. However, it was also a year of significant progress for the Group in particular the commencement of Irish Ferries services on the strategic Britain – Continental Europe short sea route between Dover and Calais.

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Chief Executive's Review
Eamonn Rothwell portrait

2021 was a progressive year for the Group, which saw the expansion of the Group’s ferry services to the Dover – Calais route and continued growth in both our RoRo and LoLo business.

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Financial Review
David Ledwidge portrait

Revenue for the year amounted to €334.5 million (2020: €277.1 million) while operating profit before non-trading items amounted to a loss of €(0.2) million compared with a profit of €0.8 million in 2020.

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