Revenues soar by €1bn at Amazon's Irish web services arm
Revenues at the Irish web services arm of online giant, Amazon soared by €1bn or 16.5pc to €7.09bn last year.
New accounts show that pre-tax profits at data centre firm, Amazon Data Ireland Services Ltd (ADSIL) increased by 23% from €15.16m to €22.96m on the back of the soaring revenues in the 12 months to the end of December last.
Currently, Amazon web services firm, Universal Developers LLC has plans before An Bord Pleanala for three planned data centres with a combined power load of 73MW for the AWS data centre campus on a 65 acre land-holding at Cruiserath Road, Dublin 15.
The directors for ADSIL state that the company operates several data hub facilities and at the end of last year employed 1,682.
The directors state that the data hubs are currently supporting the Amazon group activities.
The company recorded comparatively low operating profits of €57.04m after its total operating expenses amounted to €7.03bn made up of €6.04bn in administrative expenses and cost of sales of €997.23m.
The company recorded the pre-tax profit of €22.96m after net interest payments of €50.18m off-set by a €16.1m gain on the disposal of an asset are taken into account.
The firm last year did not pay out any dividend after paying a dividend of €600m in the prior year.
Last year, Amazon in marking its 20 year anniversary in Ireland revealed that its spend here since 2004 amounted to more than €22bn Staff costs at ADSIL last year declined from €216.24m to €196.93m that included share based payments of €29.43m and salaries of €146.32m.
The average number of employees in 2024 of 1,634 was made up of 1,128 in operations and 506 in management.
The profits last year take account of non-cash depreciation costs of €1.25bn.
The company's spend on 'utilities' last year declined from €612.1m to €595.8m.
The pay package for directors last year totalled €1.34m that was made up of €451,000 in emoluments, €870,000 in shared based pay awards and €22,000 in pension contributions.
Underlining the expansion of the firm in 2024, the book value of additions to tangible assets totalled €1.77bn that included €967.46m under 'construction in progress'.
Shareholder funds at the firm last year increased from €4.6bn to €7.66bn that arose mainly from the value of 'other reserve' increasing from €4.6bn to €7.6bn.
The company last year recorded post tax profits of €3.1m after incurring a corporation tax charge of €19.78m.
Revenues at another Amazon firm operating here, the Cork based Amazon CS Ireland Ltd (ACSI) - which operates a customer service centre at Cork Airport Business Park – last year increased marginally from €298m to €303.92m.
The company's administrative expenses totalled €311.44m which was the main contributor to the company recorded a pre-tax loss of €11.17m.
The average numbers employed by the company last year dipped by 23 from 2,183 to 2,160 made up of 1,682 in operations and 478 in management.
Staff costs decreased slightly from €136.16m to €135.33m that included share based pay awards of €18.8m.
At the end of 2024, numbers employed had grown to 2,351.
The directors state that during the year 'administrative expenses increased in line with expectations across all areas of the business'.
At the end of December last, the company's shareholder funds totalled €76.3m.
The pay to directors at ADSIL last year totalled €800,000 made up of €311,000 in remuneration, €474,000 in share based payments and €15,000 in pension contributions.
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