In a trading statement, the Co Cavan based firm said its sales in the nine-month period to September 30 came to €6.14 billion, down"a touch" on the same time last year and in the third quarter.
It added that sales pre-currency and acquisitions were down 7% in the year to date and in the third quarter. But it added that at this point in the year, it was on track to deliver a record full year trading profit, comfortably ahead of 2022."Whilst end markets have their obvious challenges the global backlog of orders has remained reasonably stable over the last number of months. As highlighted at our recent Capital Markets Day, the activity pipeline in data technology, EV automotive, and refurbishment activity in general are all notable positives," it stated.
"There is still some way to go in 2023 with the seasonally important fourth quarter remaining and, accordingly, we expect to deliver a record full year trading profit in the region of €875m," it added.
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