IT recycling company Vyta has announced an 11% increase in group revenues for its financial year ending May 2021 on the back of demand for its services across Ireland and the UK.
Vyta reported group revenues of €8m, up 11% on the previous financial year's total of €7.2m.
The company said a "solid start" to the current financial year sees Vyta on track to increase its annual revenues to €10.5m by May 2022.
Vyta said it saw increased demand for its services as organisations carried out large IT refreshes to enable greater workforce mobility. Businesses disposed of newly redundant equipment, while they also updated IT systems that would support remote working, it added.
The company also said that Brexit has contributed to its growth, as some UK competitors have struggled to compliantly deliver services to businesses that had offices in the Republic of Ireland.
"As a result, Vyta became a trusted partner for multiple IT disposal operators with a customer presence in both markets," it stated.
Faye Thomas, chief commercial officer of Vyta, said that 2021 turned out to be a very strong year for the company, despite the restrictions imposed by the global pandemic.
"Sustainability, security concerns, and data regulations have not gone away - they continue to be in the forefront of business leaders' minds and are vital to our business," she said.
Ms Thomas said the company wants to educate its customers about the benefits of recycling and using refurbished devices that not only reduce their carbon footprint, but also comply with stringent and ever-changing data regulations.
"Our business objective is to help customers get the most value from their old devices and minimise the risk of harmful data leaks by using the most technologically advanced equipment and processes. We continue to be the most certified IT asset disposal and data destruction company in Ireland," she added.
