Revenues at Elverys surge to €113m but higher costs hit profits

Directors at Elverys say that 'investment in the online platform, store portfolio and warehouse automation continues'

Intersport Elverys continued on its growth strategy last year with the €12m purchase of the flagship Debenham’s outlet on Cork’s Patrick Street last May where Elverys is likely to occupy around 20% to 30% of the iconic 1920s-built store. File picture: Larry Cummins

Trading at the InterSport Elverys sports retail chain “remained strong” in 2022 as revenues surged by 19% to €113.85m.

That is according to new accounts which show that higher costs contributed to pre-tax profits at Staunton Sports Ltd declining by 26% to €6.05m.