FAIN Group posts €256.9m revenue as Ireland becomes its top global market

Spanish lift and elevator group FAIN has recorded total net revenue of €256.9m for the past 12 months, significantly exceeding budget, as its Irish operations emerge as the company's single largest market worldwide. The results underline the scale of international capital flowing into Ireland's built environment sector.

Irish Building Magazine reported that FAIN strengthened its Irish position through the acquisition of Accel Lifts in December 2025, bringing the company's managed portfolio in Ireland to more than 3,000 units and its serviced units to over 8,600 across the FAIN Ireland portfolio.

The group posted EBITDA of €35 million, reflecting a 13.6% margin, and has more than doubled revenue since 2021, when it stood at €109 million. International markets now account for 40% of total revenue, up from 14% five years ago.

Miguel Gómez, chief executive officer of FAIN Group, said: "These results reflect the strength of our long-term strategy, combining disciplined acquisitions with strong operational integration and a clear focus on service quality. Ireland is a very important market for FAIN. We see significant opportunity to continue building scale here by partnering with local businesses, strengthening performance and investing in long-term growth."

Michael Kelly, general manager of FAIN Ireland, added: "Being part of the wider FAIN Group gives us the scale, systems and expertise to compete at the highest level in the Irish market."

FAIN has completed 134 acquisitions across Europe to date, with a model that brings newly acquired businesses into operational alignment within one month. The group now employs 1,743 people, a 26% increase, with international markets accounting for 31% of the total workforce.

Explore the full report on FAIN Group's financial results and Irish expansion strategy.