FDBusiness.com

PM Group Reports Solid Results For 2014

 Breaking News
  • Discovery, Plant-Based and Alternatives Lead the Top Ten Trends For 2019 Targeting increasingly adventurous consumers, set on new discoveries and experiences, will be key to developments in the food and beverage industry in 2019. The connected world has led consumers of all ages to become more knowledgeable of other cultures, contributing to 35 percent growth of “discovery” claims, when comparing 2017 and 2016 new product launch [...]...
  • Pearse Lyons Brewery to Open New Facility at Historic Irish Site Alltech Beverage Division Ireland (ABDI) has made an announcement about the planned opening of a new brewery at the historic site of the old MacArdle Moore Brewery in Dundalk. The new Pearse Lyons Brewery will incorporate the relocation of the Station Works Brewery in Newry, which was acquired by the late Dr. Pearse Lyons in [...]...
  • WRAP Comes Up With Winning Formula to Tackle Milk Waste A new report from the UK’s leading sustainability experts WRAP shows for the first time the scale of milk wastes across the food chain, from processing to our homes, and highlights ways we can significantly reduce the 330,000 tonnes of total milk lost each year, worth more than £150 million. Milk waste in the home is [...]...
  • Samworth Brothers Launches New Fitness-focused Ready Meal Range With Innovative Identity by Brandon Leading British food manufacturer Samworth Brothers is launching a ground-breaking range of ready meals to appeal to everyday athletes, with brand identity and packaging by design consultancy Brandon. Responding to an increasing consumer demand for healthier convenience options, the meals, which come in three variants – Cajun Chicken, Turmeric Chicken and Pad Thai Chicken – are [...]...
  • Premier Foods Shows Resilience Premier Foods has reported a 1.3% increase in group revenue to £358.0 million and a 6.2% rise in trading profit to £51.0 million for the 26 weeks ended 29 September 2018. The group’s largest brand, Mr Kipling, was key to this growth following an excellent consumer response to its relaunch in the UK with revenues [...]...

PM Group Reports Solid Results For 2014

PM Group Reports Solid Results For 2014
October 01
09:48 2015

PM Group, the international project delivery specialists headquartered in Ireland, has reported operating profit of €8.97 million for the year ended 31st December 2014. This is an improvement of 24% on the prior year resulting from improved trading activity across all business locations. Turnover in the year was €349.5 million broadly in line with 2013. Pre-tax profits recorded a decrease of 8% to €8.88 million reflecting once off exceptional gains in 2013. Net assets at 31st December 2014 were €49 million.

Chief Executive Officer Dave Murphy comments: “We’ve seen solid revenue growth in key sectors which has driven profitability right across the Group. Almost 60% of our business is now generated outside of Ireland. We booked €135 million in new work orders in 2014 and have had a strong first half year in 2015 on the back of the high level of booked work coming into the year.

Dave Murphy continues: “The Irish market performed strongly in 2014 with revenue well ahead of the prior year, and the UK has also been a significant contributor to our overall profit growth. We benefitted from large-scale FDI into Ireland by the global pharmaceutical industry in 2014, in particular by new entrants, and have been able to capitalise on our specialist pharmaceutical expertise in delivering high-tech projects in a number of locations. We remain positive about future growth opportunities across our sectors. As a direct result of the relaxing of dairy quotas, we also delivered several new infant nutritional projects across Europe; including in Ireland, the UK, Holland and Germany. The global expansion of the data centre industry continues to be an area of strong growth and we see further new opportunities with our key clients in this sector.”

PM Group Chairman, Dan Flinter says: “The Board is very pleased with the results for 2014 and the strength of our project pipeline has enabled us to attract great talent particularly in the area of design and construction. We need to ensure that talent is developed and nurtured, particularly in Ireland, as the global recovery strengthens and the battle for talent intensifies. This will drive continued investment in people and systems as we look to strengthen our 2,100 strong team over the course of 2015.”

PM Group operates across Europe, the USA and Asia with a 43 year track record in project management, process design, facility design and construction management for leading multinational companies.

CAPTION:

Pictured (left to right): Dan Flinter, Chairman of PM Group; Dave Murphy, Chief Executive Officer of PM Group; and Larry Westman, Chief Financial Officer of PM Group.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • November 21, 2018expoSE European Asparagus and Strawberry Fair
  • November 27, 2018Health Ingredients Europe
  • November 28, 2018FOOD & LIFE
  • December 3, 2018P&P 2018
AEC v1.0.4

Jobs: Project Management

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements