Global Revenue For Guaranteed Irish Members Hits €26.2bn In 2018
To mark its milestone 45th anniversary, Guaranteed Irish has unveiled new figures which show that global revenue generated by its 550+ members grew to €26.2 billion in 2018, up €350 million in just 12 months.
'Turnover figures for sales in Ireland by member companies also increased last year – rising by 2.3% to reach €11.2 billion', the not-for-profit business membership organisation outlined in a statement.
Over half of Guaranteed Irish member businesses are now exporting, to major export territories including the UK, mainland Europe and the USA.
The organisation said that despite significant uncertainty around the possible impact of Brexit on international trade, almost one in five of those currently exporting expect this activity to increase by over 25% this year.
"With significant challenges on the way – most notably Brexit – we’re determined to do all we can to support Irish business and safeguard Ireland’s reputation for quality goods and services at home and abroad,” said Brid O’Connell, CEO of Guaranteed Irish.
Of those who are already exporting, 40 member businesses expect to expand their export activity into new territories in 2019.
‘Better Your Business’
The roadshow will tour Dublin, Cork and Galway, Monaghan and Limerick.
As well as discussing the local and international business environment, attendees will also hear how the Guaranteed Irish symbol can help them to enhance their business at home and abroad.
Members are entitled to display the Guaranteed Irish symbol, which is awarded to companies which create sustainable jobs, contribute to local communities and are committed to Irish provenance.
The organisation will also be hosting ‘Guaranteed Irish month’ this coming March, to celebrate and showcase Ireland’s international reputation as a 'great place to work and do business'.
The group highlighted that as well as existing members increasing their employee numbers, this figure also reflects the fact that 200+ new members joined the organisation last year.
Total employment at all Guaranteed Irish member businesses reached 71,390 in 2018, an increase of 43.3% (21,573) on the same figure for 2017.
Members are also forecasting a further 5.8% increase in employment in 2019.
For further information on upcoming events click here.
© 2019 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. Click subscribe to sign up for the Checkout print edition.