Telecommunications firm eir reports €7m increase in revenue in ‘strong start’ to the year
One of Ireland’s largest telecommunications companies, eir, has reported a significant increase in revenue during the first quarter of this year.
The company says its total revenue during January, February and March was €311 million – up from €304 during the same period in 2023.
In an update, confirming the quarterly figures, eir says its fibre broadband base increased by 3% year on year to 873,000 customers while the number of post-pay mobile customers has increased by 120,000 to 1,131,000 customers.
The total number of mobile customers (including its subsidiary GoMo) now stands at 1.45m – up 8% compared to last year.
The company says the number of eir TV customers has increased by 21% and now stands at 106,000.
Commenting on the results, Oliver Loomes, eir CEO, said: “We have started the year on a strong note with eir delivering a solid first quarter which is a direct result of our commitment to investing in and expanding Ireland’s leading fibre and mobile networks. Our customer base has grown by 148,000, driven by the enhanced quality and expansion of our 5G mobile and fibre broadband networks. This growth is supported by our capital investment of over €1 billion since 2018.”
Mr Loomes says eir continues to invest €250 million per annum, ensuring that Ireland is equipped with world-class communications infrastructure. “Ongoing investment in communications infrastructure is crucial for driving Ireland’s economic expansion, sparking innovation, and maintaining our competitive edge on the global stage.”
According to eir, its operating costs during the first quarter of 2024 totalled €109m – an increase of 4% or €4m year on year. Non-pay costs increased by €4m over the 12 months due to an increase in accommodation and marketing costs, while pay costs remained stable.
