Revenues top €1bn at Eir but soaring costs hit earnings

📆 13/03/2024 17.00.00
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Turnover at the telecoms giant rose €52 million year-on-year after a strong final quarter

Telecoms Revenues top €1bn at Eir but soaring costs hit earnings

Eir, the telecommunications giant, saw revenue grow 4 per cent in 2023, but earnings pulled back as costs rose. The company said revenue was up €52 million year-on-year to €1.3 billion after a strong final quarter when turnover rose 3 per cent. However, operating costs rose 8 per cent to €7 million in the last 3 months of 2023, and rose €12 million to €399 million year-on-year. The rise in costs impacted Ebitda, earning before ...

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