Pre-Covid accounts show solid performance by Mallaghan

Turnover also increased 26% to £69,901,175 from £55,490,125 in 2018.

A major employer in the Dungannon area (365 staff in 2019) with another base in Georgia, United States, Mallaghan is one of the global leaders in the manufacture of aviation ground support equipment and has a customer base including some of the world’s largest airlines, airports plus ground handling and catering companies.

Its principal products include high lift trucks for catering, cabin cleaning and facilitating passengers with restricted movement, as well as de-icing rigs, water and waste trucks, baggage conveyors and various forms of passenger stairs. Last year it announced a major contract to build a fleet of airport buses for Ryanair.

Earlier this year Mallaghan announced that it would cut its workforce as a result of Covid-19.

Ronan Mallaghan, Managing Director at Mallaghan said: “During March 2020, as the Group was preparing its financial statements the global impact of Covid-19 was beginning to emerge. The pandemic has had a devastating effect on the aviation sector and significantly reduced demand for our products. The company came into this crisis on a sound financial footing and has a robust strategic plan in place to navigate the challenges in the sector.

“‘We are hopeful that we will see a gradual return in demand in early 2022, when global air passenger numbers start to recover.”

As part of their strategic plan, the company plans to continue its Research and Development programme to develop new energy efficient products to aid the drive towards reducing the emissions in the aviation sector.

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