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Revenues soar at locally based Mannok

Apr 21, 2023 13:32 By News Northern Sound
Revenues soar at locally based Mannok
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Turnover increased by 17.7% from €269.9m to €317.7m.

Revenues are "up strongly" at Mannok according to findings published this week by the business outlook. Turnover increased by 17.7% on the prior year period from €269.9m to €317.7m - this was largely driven by inflationary induced pricing.

The border-based company also maintained employment levels and continues to employ over 800 staff, an increase of 150 since 2014, making it one of the largest employers in the region. Commenting on the recent report, Chief Executive Officer, Liam McCaffrey said - operationally - the focus of the company in 2022 was to mitigate inflationary impacts for our customers and employees and to ensure continuing momentum as inflationary pressures ease.

He added that as part of Mannok's 2030 Vision, the company commits to creating a diverse and inclusive workplace with professional development opportunities for every employee. “Our decarbonisation programme continues and post year-end we are progressing plans to generate green hydrogen on site, that will be used to replace diesel across over 70% of the company’s 150 heavy-goods truck fleet on a phased basis by 2035.

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"This investment is part of a broader suite of Green Investments that will include wind and solar energy to deliver on our commitment to reduce carbon emissions by 33 per cent by 2030 and achieve net zero by 2050.

"We remain actively engaged with Evercore Partners on the optimum funding solutions to support this investment which is aimed at delivering positive commercial and climate change impacts," Mr McCaffrey said.

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