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flag Actavo reports 8.7% revenue increase to €214.62m in 2022, driven by Ireland, but pre-tax profits fall 23% due to staff costs and non-core expenses.

flag Actavo, the international engineering group owned by Denis O'Brien, reported an 8.7% revenue increase to €214.62 million in 2022, primarily driven by strong performance in Ireland. flag However, pre-tax profits fell 23% to €5.58 million due to rising staff costs and non-core expenses. flag The company plans to exit underperforming contracts by 2024. flag Actavo's cash position stood at €18 million, with shareholders' funds increasing 18.7% to €29.9 million.

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