This article is from page 14 of the 2009-10-13 edition of The Clare People. OCR mistakes are to be expected so download the original SWF or the rendered page 14 JPG
and employs 7,000 world- wide. The Dutch-owned company has its Irish base in Shannon and last year recorded total revenues of €35.5 million.
The Shannon based firm last year paid a dividend of €12 million and this followed a dividend of €20 mil- lion paid out in 2007.
€87,000 was paid in restructur- ing costs last year with the numbers employed at the firm dropping from 124 to 106. €273,000 was spent on restructuring costs in 2006.
The Shannon base also manages the production of a number of jour- nals owned by other members of the
Elsevier Group.
The company continued to show impressive profit margins with a gross profit of €30 million on its turnover of €35 million while oper- ating profit was recorded at €23 mil- lion after operating expenses of €7 million.
According to the directors’ state- ment, they “are pleased with the lev- el of business and year end financial position. The present level of activity is expected to be sustained for the foreseeable future”’.
The company had accumulated profits of €11.5m
The Shannon firm exports all its products with no business carried out in Ireland.
Staff costs last year increased from €5 million to €5.1 million.
According to the directors, “the principal risks and uncertainties fac- ing the company arise from the com- petitive and rapidly changing nature of its markets, the increasingly tech- nological nature of its products and services, legal and regulatory uncer- tainties and economic conditions”.