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ICG net debt at lowest level since 1993

By BFN News | 08:31 AM | Tuesday 10 November, 2009

Irish Continental Group revenues for the nine months to the end of September fell to £197.8m - down from £265.5m last time. EBITDA for the nine months was £41.7m (2008: £55.9m), while operating profit for the nine months was £24.1m compared with £37.5m in the corresponding period in 2008. Net debt at 30 September was £30.0m, down from £48.5m at the end of June and its lowest level since 1993. ICG said the economic environment remains challenging and the weakness of sterling against the euro remains an issue for the Group.

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