CORK-based engineering firm, Dornan said sales will be up 30% this year to €65 million while increasing its workforce by a third to 720 employees.
This follows a year when the company saw pre-tax profit and turnover decline but the company is now planning for expansion.
In 2009, pre-tax profits at Dornan Engineering, which is headquartered in Little Island, Cork, were down from €2.08m in 2008 to €1.6m. Turnover was down from almost €52m to €50.7m.
Managing director Oliver Lonergan said, however, that the company was fortunate to have positioned itself in markets outside of Ireland in advance of the downturn and are enjoying “considerable growth” there, with offices in London, Manchester, Dusseldorf, Antwerp and Stockholm.
“We remain fully committed to our existing client base in Ireland, however, this is a diminishing market but there is still scope for maintaining a presence with repeat business and through winning smaller contracts.
“While other companies in our sector are in contraction mode, we are in a growth phase and bucking the trend in the terms of contract wins and job creation,” he said.
Dornan provides engineering services to firms, with the majority of its employees Irish nationals.
“We have established a strong work base in the Scandinavian market in particular, with contracts worth €15m completed over the past number of years. These include the Pfizer Strangnas Project where Dornan was one of the contractors whose involvement helped the project win Global Project of the Year within the Skanska Construction Group,” said Mr Lonergan.
Contracts in Ireland include a fit-out project at Google’s Dublin campus and a major manufacturing expansion project for EMC in Cork. Dornan also has over €12m in ongoing projects in London.
“The current climate is undoubtedly a difficult one for companies who have limited themselves to the Irish market, but those that can hold their nerve, work hard and smart, keep their costs down and their standards high, will survive…
“To my mind Europe offers the greatest potential for expansion and we aim to capitalise on our successes to date in that space over the foreseeable future.”
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