The European arm of Smyths Toys recorded a 4 per cent rise in revenues last year to €475 million to bring overall turnover for the company to €1.46 billion.
The group, which has its headquarters in Galway, recently disclosed that combined revenues at its British and Northern Irish units last year totalled £666.5 million (€780.6 million), while turnover at its shops in the Republic hit €210.3 million.
Smyths Toys EU HQ Unlimited, which covers the group’s shops in Germany, Austria and Switzerland, reversed a €30.8 million pretax loss in 2020 to record profits of €10.9 million.
The European arm of the business has close to 2,300 employees spread across more than 100 shops, the majority of which are in Germany.
No dividend was declared from the unit, but directors of the family-owned company shared a €10 million dividend from the Irish business and a £31 million (€36.1 million) one from the group’s UK stores last year.
The toy giant is owned by the low-key Smyth family from Co Mayo. The majority of the group’s revenues derive from its 100-plus stores in Britain, where it has operated since the mid-2000s.
