TIDMICGC 
 
INTERIM MANAGEMENT STATEMENT 
 
 
Volumes   (Year to date, 12 May 2012) 
 
 Passengers                427,600   +1.4% 
 
 Cars                       90,900   -4.1% 
 
 RoRo Freight               67,200   -3.7% 
 
 Container Freight (teu)   140,900   -5.9% 
 
 Terminal Lifts             65,500   -4.7% 
 
 
 
Irish  Continental Group  (ICG) issues  this interim  management statement which 
covers carryings up to 12 May 2012 (i.e. 19 weeks) and financial information for 
the  first four months  of the year,  i.e. January to  April. It should be noted 
that  ICG's business  is significantly  weighted towards  the second half of the 
year  when  normally  a  higher  proportion  of  the Group's operating profit is 
generated than in the first six months. 
 
In  the period up  to 12 May 2012, Irish  Ferries carried 427,600 passengers, an 
increase  of 1.4% on  the previous  year.  We  also carried 90,900 cars, a 4.1% 
reduction  on the same  period last year,  but at higher  yields. In the Roll on 
Roll  off freight  market, Irish  Ferries carried  67,200 units, a  reduction of 
3.7% compared with the same period in 2011. 
 
Container  freight volumes shipped decreased by 5.9% to 140,900 teu (twenty foot 
equivalent  units) in  the period  to 12 May  2012 compared with the same period 
last  year, while units handled  at our terminals in  Dublin and Belfast fell by 
4.7% year on year, over the same period. 
 
In  the first four months of the year, Group revenue was EUR77.0 million, slightly 
down  compared with EUR78.1 million in the  same period last year. Operating costs 
(before  depreciation & amortisation)  were 1.2% higher at  EUR73.2 million versus 
EUR72.3  million the  previous year,  principally due  to a  22% increase (of EUR3.4 
million)  in  fuel  costs  to  EUR18.7  million.   Non fuel costs were down 4.4%. 
Earnings  before  interest  tax  and  depreciation  (EBITDA)  were  EUR3.8 million 
compared  with EUR5.8 million in  the same period in  2011. There was net interest 
payable  of EUR0.8 million compared with EUR0.2  million the previous year. The loss 
before  interest was EUR2.4 million (2011 loss EUR1.0 million) while the loss before 
tax  was EUR3.2 million (2011 loss EUR1.2 million). Net debt at the end of April was 
EUR6.6 million compared with EUR7.8 million at 31 December 2011. 
 
Note  - the  comparative financial  information has  been restated to reclassify 
EUR0.6 million of revenue from interest income to revenue. 
 
Dublin 
18 May 2012 
 
 
Enquiries 
 
Eamonn Rothwell, CEO,                  +353 1 607 5628 
Garry O'Dea, Finance Director,          +353 1 607 5628 
 
 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Irish Continental Group plc via Thomson Reuters ONE 
[HUG#1613098]
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