Industry & Business

One51’s revenues increased by 32.4% in 2015

One51’s revenues increased by 32.4% in 2015

March 29
10:18 2016

2015-07-04_bus_10895640_I1One51 has reported an increase in it’s revenues and earnings for 2015 as it entered the North American plastics market.

The environmental services and plastics operator said its revenue for the year to the end of December rose by 32.4% to €366m from €276.5m, while EBITDA jumped by 67% to €36.1m from €21.6m the previous year.

The group entered the North American plastics market through the purchase of IPL, the integration of which is progressing well.

It also said it received €51.8m from its investment in Atlas Investments – formerly NTR – during the year.

One51 chief executive Alan Walsh said 2015 was a year of “significant growth” for the firm.

“Moving to our next phase of growth requires that we enhance liquidity in the company’s shares and maintain an appropriate capital structure while having access to alternative forms of capital.

“In recent months progress has been made to facilitate a listing and to raise additional equity capital. Subject to shareholder approval, any decision to proceed with a listing and capital raising by way of any share placing will be made based on market conditions and the company’s interests and performance at that time,” Mr Walsh said.

The company said it has carried its strong momentum from the end of 2015 into this year and that it remains confident about its ability to grow profitability.

The company employs about 1,600 people in Ireland, the UK, Canada, the US and China.

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