“We are operating a profitable business in the Irish market, realising value for our shareholder and contributing
to the Exchequer.”
A strong contributor to the
Irish economy in 2012
I am pleased to report on the operational and financial performance of Bord Gáis during 2012, in my role as Acting Chief Executive. I took over the stewardship of the company from John Mullins on 31st December 2012 after five years of solid growth and transformation. I did so at a time of enormous and ongoing change for Bord Gáis. I am happy to report a strong financial performance for the year, matched with robust operational results.
Over the course of 2012, while the business continued to operate in line with the stated Corporate Plan, it was recognised that the strategy also needed to reflect the changing objectives of the organisation as set by the shareholder. The key elements of this revised agenda are:
• The sale of Bord Gáis Energy
• The establishment of Irish Water
• The need to drive efficiencies in the existing business units and restructure the organisation in line with the above two events.
These objectives will be met while also delivering all our “business as usual” objectives, ensuring these major changes are enacted while continuing to deliver best in class services to our existing customer base.
Looking at what was achieved in 2012, the underlying fundamentals of the business remain solid.