DPD Ireland recorded pre-tax profits of €29m last year

The Athlone-headquartered delivery firm saw revenue top €200m

The country’s largest dedicated parcel delivery firm, DPD Ireland, last year delivered a 14% increase in pre-tax profits of €29.07m.

The country’s largest dedicated parcel delivery firm, DPD Ireland, last year delivered a 14% increase in pre-tax profits of €29.07m.

The Athlone-headquartered delivery firm saw revenues top €200m for the second time, increasing by 7% from €188.6m in 2023 to €201.22m in 2024.

The principal activity of the firm is to provide an overnight service for the collection and delivery of parcels, through franchises and network members in Ireland. Last week, another of Ireland's largest delivery firms, Fastway, entered receivership with multimillion-euro debts. 

In contrast, DPD saw 2024 turnover increase steadily. "The expectation of management is that turnover will remain consistent if not slightly increase in the following years," the directors stated.

DPD has 37 depots around the country and its branded vans are a frequent sight on the country's roads.

In 2000, the business became part of GeoPost, the parcels and express arm of La Poste, France's natioanal post office, the Irish business renamed itself DPD in 2008.

The company’s Athlone facility can handle up to 21,000 parcels an hour.

In another year of growth for the business numbers employed increased by 69 as staff costs rose from 481 to 550. The workforce was made up of 340 in production, 183 in administration, 11 in management and 16 in sales.

Staff costs increased from €22.06m to €23.8m.

The directors state that “at DPD Ireland, our people are the absolute heart of our operation and the driving force behind our success”.

The company’s distribution costs totalled €27.29m while administration expenses decreased marginally from €27.6m to €27.47m.

The company recorded post-tax profits of €25.04m after a corporation tax charge of €4.03m was taken into account. 

A breakdown of revenues shows that Ireland revenues increased from €162.45m to €173.55m as UK revenues increased marginally from €26.15m to €27.67m.

Pay to directors increased from €1.05m to €1.17m.

A €70m dividend payout offset by the post-tax profits of €25.04m resulted in accumulated profits decreasing from €127.4m to €82.44m. The firm’s cash funds last year reduced from €5.14m to €1.98m.