Geoscience Ireland Companies Results
A survey of 41 members of the Geoscience Ireland (GI) business cluster reveals a revenue for 2020 of € 1.237BN as compared to €1.23BN for 2019. Revenue from operations outside the Republic of Ireland was down somewhat to €408M, accounting for 33% of total revenue (2019= 41%).
Employment at mid-year 2021 was up to 4,775 from 4,701 in early 2020. Most GI member companies report adoption of hybrid working patterns for non-site staff, while awaiting government guidelines on full resumption in office settings.
Commenting on the results, Sean Finlay, Business Development Director of Geoscience Ireland said;
“The impacts of Covid 19 during 2020 on GI members were not as severe as might have been expected. Employment levels in 2021 are returning to those of 2019. This is a positive trend that is expected to continue as projects are resumed and infrastructure spending is increased, leading to economic recovery.
The results today reflect the resilience of the geoscience sector. One major obstacle remains i.e. travel to overseas projects; this is slowly being addressed and will allow a fuller recovery later in the year. Customs issues with the temporary import/export of equipment to and from the UK are also causing some delays and inconvenience. ”
Geoscience Ireland (GI) is a business cluster that assists over 40 member companies in winning business overseas.
The GI network of companies delivers integrated expertise in water, minerals, environmental and infrastructure development to clients in over 80 countries. Our multi-disciplinary team provides design, consultancy and contracting services to multilateral agencies, governments and companies in the private sector.
GI is supported by Geological Survey Ireland (a division of Dept. of The Environment, Climate and Communications), Enterprise Ireland and the Departments of Foreign Affairs and Enterprise, Trade and Employment.