Ireland’s largest estate agency returned to profit in 2023 in what was described as a ‘pivotal year’ for the group
, the largest estate agency in the country, expects to double its profits to €6 million in the current financial year on the back of double-digit growth in its revenue, the group’s chief executive, Steven McKenna, said.
Its cash position was €8.2 million at year-end, up from €7 million in 2022. The company, which is owned by Tommy Kelly’s CastleGate Investments, did not pay a dividend during the period.Panti Bliss: ‘To be totally honest, I never expected to live this long!’Sherry FitzGerald sold 8,500 residential properties with a capital value of €4.5 billion in 2023, of which 1,400 were new homes. That equated to an average capital value of €529,412 per property.
“The macroeconomic landscape in Ireland has improved this year, and with our continued investment in our growing number of people, our expanding network and our innovative technology in MySherryFitz, we are projecting double-digit revenue growth, reaching €42 million, and expect to double our profitability to €6 million in 2024.”
Looking back at last year, the company said its business performance “remained resilient” despite various challenges.
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