Environmental services and plastics operator One51 has reported higher revenues and earnings for 2015 as it entered the North American plastics market.
One51 said its revenue for the year to the end of December rose by 32.4% to €366m from €276.5m, while EBITDA jumped by 67% to €36.1m from €21.6m the previous year.
The group entered the North American plastics market through the purchase of IPL, the integration of which is progressing well.
It also said it received €51.8m from its investment in Atlas Investments - formerly NTR - during the year.
One51 said that it ended the year on a "solid footing" and that momentum has continued into 2016 so far.
"The board is confident in the strength of the group's operations and in the ability of the group to grow profitability into the future and to continue to increase in value over the medium term," it said in its results statement today.
It also said that in view of its wish to enhance liquidity in the trading of its shares and to raise new capital to finance its growth and development plans, it is seeking a listing of its shares on one or more of the "more recognised stock markets".
But it added that no definitive decision has been made at this time in relation to an IPO or listing.
"Subject to shareholder approval, any decision to proceed with a listing and capital raising by way of any share placing will be made based on market conditions and the company's interests and performance at that time," commented One51's chief executive Alan Walsh.
He added that over the past number of years, One51 has undergone a significant process of change and is now focused on operations in plastics and environmental services spanning three continents.
"There are some significant and exciting opportunities available to the group and we have the disciplines, management team and strategic focus to further growth shareholder value," Mr Walsh added.
The company employs about 1,600 people in Ireland, the UK, Canada, the US and China.
