Operator NCT Applus recorded losses of € 1.3 million in 2020
The company that operates the National Car Test Service (NCTS) recorded a pre-tax loss of 1.33 million euros last year.
This is according to the accounts of two Applus entities which show that Covid-19 resulted in a turnover of 20.65 million euros for the company in 2020.
Last year, Applus performed 1 million full NCT tests compared to 1.39 million full tests in 2019.
The combined turnover of the two companies Applus, Applus Car Testing Service Ltd (ACTS) and Applus Inspection Services Ireland Ltd (AISI) amounts to 60.19 million euros for 2020, compared to a turnover of 80 , 84 million euros in 2019, a decrease of 25.5%.
The 10-year NCT contract operated by Spain-based Applus concluded in June 2020 and the company successfully renewed a tender for a new 10-year contract.
Highlighting the impact of Covid-19 on activity, ACTS recorded a turnover of only â¬ 22 million in the first half of 2020 and the firm Applus which took over the contract, Applus Inspection Services Ireland Ltd (AISI), achieved a turnover of 38.17 M â¬ from June 27 to the end of the year.
ACTS’s pre-tax loss of 2.8 million euros last year is offset by a pre-tax profit of 1.47 million euros from AISI resulting in a pre-tax loss of 1.33 million euros. euros for the 12 months of the two companies.
Last year the number of AISI employees stood at 803 and the two Applus companies received â¬ 5.3 million in payments under the government salary support scheme Covid-19 last year. .
Regarding the company’s performance for the first half of the year, ACTS executives state that the results for the first half of 2021 are in line with expectations given the events impacting in particular the problem of elevator failure at the network level aggravated by the impact of Covid-19. pandemic.
This involved a government decision to permanently postpone the test for four months.
Last year the company paid no dividends, but the contract was very lucrative for its Spanish parent company.
The company started paying dividends on its NCT contract profits here in 2013 and by the end of 2019 it had paid a total of 35.5 million euros in dividends.
At an employment tribunal hearing earlier this year during a challenge to a compensation claim brought by SIPTU, Applus said she suffered “significant financial losses in 2020” and was not able to concede the demand for compensation due to losses in 2020 “and a very poor performance in 2021”.