Company is best known in Ireland for its association with the GAA but has expanded its reach internationally in recent times.
A fall in input costs after a post-pandemic spike widened profit margins at the main company behind the O’Neill’s sportswear and gear brand in the Republic in 2023.Gross trading profits increased by just 9 per cent in 2023 but the directors of the Walkinstown-headquartered branch of the group, which employed some 138 people in 2023, said costs had fallen substantially, widening the company’s profit margins.
“Gross profit margins improved with costs in raw material, packaging and distribution all falling from the inflationary surge in the previous year,” they said. In separate accounts filed with the Companies House in the UK last year by the Tyrone-registered O’Neill’s Irish International Sports, the company reported a £1.6 million after-tax profit for 2023, unchanged from the previous year.Owned by brothers Paul and Anthony Towell and employing more than 1,000 people on the island, the company is best known in Ireland for its association with the GAA but has expanded its reach internationally in recent times.
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