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Mar 21 2022, 09:50 GMT
We have adjusted our numbers following ICG’s FY2021 results and volatile fuel prices (60%, which is a pass through) and now forecast EBITDA of €100m in FY2022 (from €105m). We expect EBITDA of c.€125m in FY2023, growing to €150m by FY2030, providing a growth platform that requires just maintenance capex. With the entry of a third vessel on Dover-Calais in H1 2022, Irish Ferries will be fully invested on this route.
Mar 21 2022, 09:50 GMT