Quinn report 'positive outlook' for 2018

 

Quinn Industrial Holdings DAC (‘QIH’) has today (Wednesday, April 11) has reported “strong growth momentum” and a “positive outlook” for the year ahead after publishing a review of the company's 2017 finances.

Announcing volume growth on both sides of the Irish border, and via the group’s export hub at Warrenpoint, turnover at QIH in 2017 increased by over 7% to €209m.

EBITDA (Earnings Before Interest, Tax Depreciation & Amortisation) in the period was almost one third higher at €23.9m, reflecting what the company says is a combination of volume growth and ongoing investment in more efficient plant, equipment and processes.

QIH comprises two key divisions, Quinn Building Products and Quinn Packaging.

Quinn Building Products provides a wide range of building materials including insulation, cement, aggregates and quarry products.

Commenting on the figures, Liam McCaffrey, Chief Executive Officer of QIH said that 2017 represented a continuation of QIH’s growth trajectory since its establishment in late 2014. Progress he added had been facilitated by ongoing investment, and by the building products firm's 800 staff who had “again excelled by delivering on quality and service”.