ARAMARK Ireland has released its financial results for the fiscal year ended 30 September 2012, which showed continued growth and increased revenues.
Revenue at the company grew 6 per cent to €207 million (€196 million in 2011), while Operating Profit increased 18 per cent to €5.3 million (€4.5 million). The company also created an additional 209 new jobs in 2012, growing overall employment to 3,800, making ARAMARK Ireland one of the largest employers in Ireland.
Donal O’Brien, Chief Executive expressed confidence in ARAMARK Ireland’s ability to continue to grow despite a challenging domestic market. “We have consistently grown revenue and operating profits over the past three years, consolidating our position as the leading company in our sector. In 2012 our experience in the multinational sector was pivotal in our winning multi-country contracts resulting in strong growth in the UK and Europe.
“In the domestic market, gross margin fell slightly, from 16.9% to 16.3% due to the depressed economic climate and competitive pressures. However this has been offset by prudent cost control and the successful leveraging of the scale of our business to deliver strong underlying growth across all areas of our operations.
“In particular, our Energy and Environmental Services division is growing very strongly and we anticipate continued growth in our ‘green business’ as the EU transitions to a competitive low-carbon economy, leading to the creation of an additional jobs over the next twelve – eighteen months”, he said.
ARAMARK Ireland is headquartered in Dublin and has operations across the island of Ireland. Clients include private and public companies, public sector organisations, government departments, educational institutions and healthcare facilities. The company spent €90 million in payroll costs and €60 million on goods and services in the Irish economy in 2012.