Group Performance 2010

Profit: 2006 - 22.5million, 2007 - 40.1million, 2008 - 9.2million, 2009 - 4.2million, 2010 - 32.1million
Turnover:2006 - 213.8million, 2007 - 318.1million, 2008 - 249.5million, 2009 - 206.9million, 2010 - 250.4million
Capital Expenditure: 2006 - 49.4million, 2007 - 58.4million, 2008 - 58.1million, 2009 - 40.7million, 2010 - 46.5million

2010 Highlights

  • Profit of €32.1m up from €4.2m in 2009
  • Group turnover was €250.4m an increase of €43.5m
  • Capital expenditure increased to €45.5m from €40.7m
  • 6,000 ha of forests planted
  • €7.9m revenue delivered from new products during 2010
  • Reduction in net debt by €26.8m to €150.6m
  • 2.26 million m3 of sawlog and pulpwood sold
  • Completion and sale of first JV wind farm project at Garvagh Glebe in Co Leitrim
  • New products launched in our Medite MDF range to positive market reaction
  • Completed construction of over 100 masts as part of the National Broadband Scheme
  • Official opening of the Dublin Mountains Way hiking trail as part of our work in the Dublin Mountains Partnership
  • Won Energy Globe Award for Restoring Priority Woodlands Habitats LIFE Project