Shannon Group’s overall turnover increased by 18 percent last year.
The Group’s released its 2021 annual report, which shows post tax profits of more than 25 million euro.
The report describes 2021 as ‘another challenging year’ for Shannon Group as a result of the Covid-19 pandemic.
Passenger numbers at Shannon Airport increased by 8% last year, with almost 380,000 passengers availing of the facility.
However, that’s still 78 percent lower than pre-pandemic levels, though 2022 is expected to see an even further jump in numbers with the restoration of transatlantic services and a number of new European routes.
Visitor numbers across the Group’s heritage sites were 50 percent lower than pre-pandemic levels, with the report stating it’s ‘expected’ that the transfer of Bunratty Castle & Folk Park, Knappogue Castle and Craggaunowen will happen in 2022.
However, overall turnover jumped by 18 percent to more than 40 million euro, while earnings before interest and taxes came to €8.6 million, compared to €1.2 million in 2020.
Post tax profits amounted to just over €25 million, compared to a €28 million loss the year prior.
CEO Mary Considine states in the report that she is ‘confident’ that Shannon Group will ‘build back stronger’ in 2022 and beyond as it looks to rebuild following the easing of pandemic restrictions.
Read the full report here
