Revenue
EBITDA
Adjusted Earnings per Share
Dividend per Share
*
* 4.42 cent paid. A further 8.99 cent proposed for agreement at AGM.
Principal variations on the prior year include the revenue effects of the improved schedule integrity in the Ferries Division, together with the introduction of the W.B. Yeats into service.
Five year summary
| Summary extract of Income Statement | 20193 €m |
2018 €m |
2017 €m |
2016 €m |
2015 €m |
|---|---|---|---|---|---|
| Revenue | 357.4 | 330.2 | 335.1 | 325.4 | 320.6 |
| Other operating expenses and employee benefits expense | (270.6) | (261.8) | (254.1) | (241.9) | (245.1) |
| Depreciation and amortisation | (36.8) | (22.1) | (20.7) | (20.9) | (18.3) |
| 50.0 | 46.3 | 60.3 | 62.6 | 57.2 | |
| Non-trading items1 | 14.9 | 13.7 | 28.7 | – | – |
| Interest (net) | (3.4) | (0.8) | (1.3) | (2.2) | (3.1) |
| Profit before taxation | 61.5 | 59.2 | 87.7 | 60.4 | 54.1 |
| Taxation | (1.3) | (1.4) | (4.4) | (1.6) | (0.4) |
| Profit for the year | 60.2 | 57.8 | 83.3 | 58.8 | 53.7 |
| EBITDA (pre non-trading items) | 86.8 | 68.4 | 81.0 | 83.5 | 75.5 |
| Per share information: | €cent | €cent | €cent | €cent | €cent |
|---|---|---|---|---|---|
| Earnings per share | |||||
| – Basic | 31.7 | 30.4 | 44.1 | 31.4 | 28.9 |
| – Adjusted2 | 23.8 | 23.1 | 31.0 | 31.4 | 29.1 |
| Dividend per share | 13.4104 | 12.770 | 12.160 | 11.580 | 11.025 |
| Shares in issue at year end: | m | m | m | m | m |
|---|---|---|---|---|---|
| – At year end | 187.4 | 190.3 | 189.9 | 188.3 | 186.4 |
| – Average during the year | 189.8 | 190.0 | 188.8 | 187.5 | 185.8 |
1 Non-trading items are material non-recurring items that derive from events or transactions that fall outside the ordinary activities of the Group and which individually, or, if of a similar type, in aggregate, are separately disclosed by virtue of their size or incidence.
2 Adjusted earnings exclude pension interest and non-trading items.
3 The 2019 reported results include the effects of first time adoption of IFRS 16 Leases. Prior year figures have not been restated for the effects of IFRS 16 which was adopted with effect 1 January 2019. The effect on the Consolidated Income Statement for financial year 2019 was to decrease operating expenses by €9.4 million, increase depreciation charges by €8.6 million, increase interest expenses by €1.0 million, a net reduction in profit after tax of €0.2 million. The effect on the Consolidated Statement of Financial Position was to increase assets by €35.3 million and liabilities by €35.5 million and reduce retained earnings by €0.2 million.
4 4.42 cent paid. A further 8.99 cent proposed for agreement at AGM.
| Summary extract of Statement of Financial Position | 20193 €m |
2018 €m |
2017 €m |
2016 €m |
2015 €m |
|---|---|---|---|---|---|
| Property, plant and equipment, intangible and right of use assets | 353.5 | 308.1 | 250.0 | 205.1 | 170.9 |
| Retirement benefit surplus | 12.5 | 2.5 | 8.1 | 2.4 | 5.6 |
| Other assets | 225.8 | 203.7 | 135.2 | 84.1 | 67.9 |
| Total assets | 591.8 | 514.3 | 393.3 | 291.6 | 244.4 |
| Equity capital and reserves | 287.9 | 252.9 | 223.8 | 144.4 | 115.5 |
| Retirement benefit obligation | 3.7 | 4.2 | 3.4 | 15.9 | 10.7 |
| Other non-current liabilities | 229.3 | 205.7 | 51.5 | 5.3 | 60.0 |
| Current liabilities | 70.9 | 51.5 | 114.6 | 126.0 | 58.2 |
| Total equity and liabilities | 591.8 | 514.3 | 393.3 | 291.6 | 244.4 |
Note: Summary extracted from audited financial statements
| Summary extract of Consolidated Statement of Cashflows | 2019 €m |
2018 €m |
2017 €m |
2016 €m |
2015 €m |
|---|---|---|---|---|---|
| Net cash inflow from operating activities | 84.8 | 61.5 | 71.8 | 82.1 | 68.2 |
| Net cash (outflow)/ inflow from investing activities | (52.3) | (158.8) | 27.7 | (55.6) | (34.8) |
| Net cash (outflow)/ inflow from financing activities | (46.5) | 131.4 | (51.3) | (7.8) | (28.0) |
| Cash and cash equivalents at the beginning of the year | 124.7 | 90.3 | 42.2 | 25.0 | 19.4 |
| Effect of foreign exchange rate changes | 0.2 | 0.3 | (0.1) | (1.5) | 0.2 |
| Closing cash and cash equivalents | 110.9 | 124.7 | 90.3 | 42.2 | 25.0 |
| €m | €m | €m | €m | €m | |
|---|---|---|---|---|---|
| Net (debt)/ cash | (129.0) | (80.3) | 39.6 | (37.9) | (44.3) |
| Times | Times | Times | Times | Times | |
|---|---|---|---|---|---|
| Net Debt / EBITDA | 1.5x | 1.2x | N/A | 0.5x | 0.6x |
| Gearing (Net debt as a percentage of shareholders’ funds) | 45% | 32% | N/A | 26% | 38% |
Note: Summary extracted from audited financial statements