Eir’s revenue rises but earnings fall in first quarter

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Looking at the individual business units, the decline in traditional voice services saw fixed line revenue fall €3 million to €232 million.

The company also lost broadband customers, shedding 2 per cent to 946,000. This was primarily driven by a 5 per cent decline in wholesale customers, leading to a decrease of 27,000. That was partially offset by 12,000 new retail customers. Eir said its total fibre broadband base increased by 2 per cent year on year to 845,000 customers. Just under half of households - 46 per cent - have multiple Eir services, a rise of 5 percentage points year on year.

Mobile revenue was 10 per cent higher at €82 million, on a 10 per cent increase in postpay customers. Eir now has just under 1.34 million customers, of which 1.01 million are post pay. “The first quarter of 2023 has proved a solid start to the year and we remain on course to add another 250,000 homes and businesses to our fibre-to-the-home broadband network, already available to more than one million premises,” said Oliver Loomes, eir chief executive. “Eir is investing €250 million annually in new technologies and networks which is truly transforming Ireland, allowing individuals and businesses to access new services or markets at speeds and capacity unimaginable before now.

 

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