Electric Picnic organiser on the ball as finances improve

The trading performance of the firm that runs Electric Picnic improved in 2014 after incurring a trading loss of €131,604 last year, according to its directors.

The Live Nation-controlled EP Republic Ltd runs the three-day festival at Stradbally, Co Laois, and new accounts show that the 2013 loss was an 89% decrease on the €1.18m trading loss in 2012.

The firm recorded combined losses of €2.1m in 2011 and 2010.