Annual Report 2015
Download Annual Report (PDF 2903KB) Download Financial Statements (PDF 256KB)

Looking
to the
Future

Our Business Story

Bord na Móna was initially established to develop Ireland’s peat resources for the economic benefit of the State. Today the company operates a diversified portfolio across five main business areas serving markets in Ireland as well as Britain and mainland Europe. These business activities are based on both peat and non−peat products and services and principally cover the power, resource recovery, horticulture, home heating and air and water treatment sectors.

Peat Based Businesses

48%

Turnover
€200m

Peat from the company’s 80,000 hectares of peatlands continues to be the main feedstock for the powergen and horticultural growing media sectors, as well as for the manufacture of peat briquettes. A relatively small amount is also used as a biofiltration medium in the clean air and clean water businesses.

Peat Based Businesses

Peat Briquettes

Peat Biofilters

Growing Media Peat

Powergen Peat

Feedstock Peat

Did you know?

Our commitment to quality in the Growing Media sector was highlighted when the largest independent consumer body "WHICH?" awarded their top accolade "WHICH? BEST BUY" to three of our products.

Non-Peat Based Businesses

52%

Turnover
€217m

Bord na Móna has been progressively diversifying away from its traditional peat based business and now operates a varied portfolio across the power generation and renewable energy, resource recovery and home heating sectors which will ultimately see the company engaged in thriving sustainable businesses through to 2030 and beyond.

Non-Peat Based Businesses

Powergen Wind

Feedstock Biomass

Convenience Products

Residential Coal

Resource Recovery

Composted Greenwaste

Water and Wastewater

Powergen Peaking Plant

Air & Odour Abatement

Did you know?

48,000 homes powered by electricity from Mountlucas and Bruckana Windfarms.

Biomass procurement and supply reached a record 284,000 tonnes.

50% of all AES customers are on a paperless billing system.

Our Vision

A contract with nature

Our Mission

Bord na Móna will continue to fully utilise its peatland resources to create value in order to develop a portfolio of sustainable infrastructure in Ireland, to support customers’ requirements for renewable energy, home heating products and resource recovery, whilst driving profitability and shareholder return.

We can achieve this because of our strategic land bank, reputation, development expertise and strategic partnerships.

Our Values

Resourceful

We live in an ever−evolving landscape. We feel that knowing when it is time to innovate and when it is time to consolidate is a core skill. We believe in adopting a curious mind and encouraging our team to explore all possibilities in our search for more efficient solutions. We believe nothing should be overlooked or wasted.

Engaging

We believe in our people. We believe in a ‘one team’ ethos driving our business forward. One team of experts, speaking in consistent voice and opening up dialogues with customers and communities on many different levels.

Respectful

We are proud of our past. Experience has taught us that only through a greater understanding of our natural resources can we seek to offer more sustainable solutions to all who engage with us. We listen to planet and people, in equal measure, for it is through a common appreciation of what is desired and what is possible that we will achieve real progress.

Chairman’s Statement

I am pleased to present the Annual Report of Bord na Móna plc for the year ended March 2015 and to report a strong financial performance for the year on the continued operations. The operating profit increased by €2.2 million to €52.4 million, however the operating profit from continuing businesses increased by €5.0 million to €55.6 million.

Managing Director’s Review

It is with great pleasure that I present my first Annual Report as Managing Director. When Bord na Móna was initially established, it was seen as an engine for economic development, particularly across the Midlands. Today, more than ever, the refrain of our company as a vehicle for economic growth in our communities rings true. It is my intention to ensure the future of this great company towards 2030 and beyond.

John Horgan

Chairman

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Mike Quinn

Managing Director

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Highlights

Mountlucas
Wind Farm

Bord na Móna’s single biggest investment ever

Delivered on-time and on-budget

Cost of €115 million

Provides electricity for 45,000 homes

Highlights

Lough Boora
Discovery Park
Visitor Centre

Cost of €1.5 million

Lough Boora Discovery Park now extends to over 2000 hectares and has a network of off-road walking and cycle routes within a perimeter of approximately 20 kilometres

Various internal looped walkways and routes offer a wonderful vista of scenic beauty, heritage and an impressive collection of sculptures that is a paradise for outdoor enthusiasts and families alike

A key objective of this investment was to provide a sustainable development that is in keeping with the landscape. With this in mind, the building itself has a number of environmentally friendly features, including use of sustainable materials in construction, a green roof, solar energy, and an ecological waste water treatment system, amongst other things.