Distilled Ltd, Owner of Ireland's Daft.ie, Increases Profits by 86% in Full Year Results

by Harvey Hancock
December 13, 2022

Ditilled Ltd, the parent company of Daft, Ireland's number one portal, has filed new accounts showing a pre-tax profit increase of 86% in 2021.

Highlights include:

  • Pre-tax profits of €8.42m (€4.52m in 2020) — 86% YOY increase.
  • Revenue of  €33.76m (€28.12m in 2020) — up 20% YOY.
  • Daft.ie residential property listings up 19% YTD.

The portal operator released figures in November that showed average rents in Ireland jumped up by a record 14.1% between July-September 2022. Average listed monthly rents hit €1,688 during the period, a 4.3% increase on Q2 2022.

Daft.ie, which was established in 1997, is Ireland's dominant portal, and the company invests upwards of €6m a year into Daft's technology, research and development.

Distilled Ltd was set up in 2015 when Daft.ie and sister generalist site Adverts.ie were merged with Norway-based Schibsted Media's Donedeal.ie.

by Harvey Hancock
December 13, 2022
Harvey is an accidental real estate journalist and professional copywriter. He has written about the property industry since 2015, starting at The Property Franchise Group in the UK, before moving to Spain to work for Spotahome. He has worked as a freelance copywriter since 2021, with a special focus on startups real estate. Harvey joined Online Marketplaces as a News Editor in 2022, writing over 2000 news stories and interviewing dozens of high profile industry leaders both in-person and as a co-host of the PPW Podcast.

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