In This Article:
TRADING UPDATE
Volumes (Year to date, 20 November 2021)
| 2021 | 2020 | Change v 2020 | 2019 | |
| Cars * | 176,500 | 122,300 | +44.3% | 369,000 |
| RoRo Freight * | 254,200 | 292,300 | -13.0% | 280,100 |
| Container Freight (teu) | 316,300 | 286,300 | +10.5% | 313,100 |
| Terminal Lifts | 301,400 | 257,700 | +17.0% | 291,200 |
Volumes (since last Trading Update, 21 August 2021)
| 22/8/21-20/11/21 | 22/8/20-20/11/20 | Change v 2020 | 22/8/19- 20/11/19 | |
| Cars * | 98,600 | 36,400 | +170.9% | 95,600 |
| RoRo Freight * | 85,900 | 94,500 | -9.1% | 82,600 |
| Container Freight (teu) | 89,700 | 85,900 | +4.4% | 89,900 |
| Terminal Lifts | 87,100 | 76,400 | +14.0% | 83,700 |
(* carryings across all ferry routes, including start-up Dover – Calais route)
Irish Continental Group (ICG) issues this trading update which covers carryings for the year to date to 20 November 2021 and financial information for the first ten months of 2021, i.e. 1 January to 31 October with comparisons against the corresponding period in 2020. All figures are unaudited.
Consolidated Group revenue in the period was €279.7 million, an increase of €50.2 million or 21.9% compared with last year. This was partially offset by an increase in costs, primarily fuel which increased by €17m (60%) versus 2020 due to increased sailings and higher global prices.
Ferries Division
The Ferries Division has seen improved trading conditions in its passenger business following the easing of travel restrictions across the EU in mid-July with the introduction of the EU Digital Covid Certificate and with Brexit negatively impacting freight volumes but positively impacting freight revenue as more freight customers take the longer direct route to France.
Total revenues recorded in the period to 31 October were €144.5m, up 24%.
On a like for like basis (excluding Dover-Calais) over the same period, compared with 2020
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ro-ro volumes are down 20% but ro-ro revenue is flat as more customers use our Dublin-Cherbourg route where rates are higher given the longer journey time
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car volumes are up 16%
The impact of Covid related restrictions has had a significant impact on Passenger traffic with car volumes year to date on a like for like basis (excluding Dover Calais) down 61% compared with 2019 but reassuringly with the easing of restrictions car volumes in the period 22nd Aug to 20th November 21 were only down 22% compared with the same period in 2019.
Container and Terminal Division
The Container and Terminal Division continues to perform strongly. In the year to 20 November container shipments are up 10.5% with container lifts at our terminals in Dublin and Belfast up 17.0%.