Annual Report 2017 - 2018 Download. Applegreen is a major petrol forecourt retailer with operations in the Republic of Ireland, the United Kingdom and the USA. A YEAR OF GROWTH Revenue Non-Fuel Gross Profit. Trading on margin increases the financial risks. See insights on Applegreen including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Through sixteen handcrafted paper cut-out illustrations, illuminated and photographed, we visualised the concept of tangible growth. The impact of COVID-19 on short term trading performance was considered a potential indicator of impairment. Privacy and Cookie PolicyTerms, *A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: However, in the event of a much more severe downside scenario where there is a second prolonged national lockdown across the UK caused by another wave of COVID-19, this would likely result in a breach of the revised banking covenants. 27/02/2023. . Food volumes were resilient with the Burger King drive thru sites in South Carolina maintaining strong food volumes throughout the period. Full details of the accounting policies adopted by the Group are contained in the Consolidated Financial Statements included in the Group's annual report for the year ended 31 December 2019 which is available on the Group's website: https://applegreenstores.com. View D&B Scores & Ratings Similar Companies Nearby The financial information in this report has been prepared in accordance with the Group's accounting policies. this site. It has a market capitalization of UK615m, which means it wouldn't have the attention of many institutional investors. This page (LON:APGN) was last updated on 2/25/2023 by MarketBeat.com Staff. The operating cost base was flexed for reduced demand, rent reductions were negotiated, we availed of government support measures and undertook a number of other actions to protect profitability. The Financial Information is presented in Euro, rounded to the nearest thousand, which is the functional currency of the parent company and also the presentation currency of the Group. Currency in EUR. Please click on the tabs below to select the year you require. But it cautioned that it expects a material reduction in profitability for the current financial year due to the outbreak of Covid-19. The strength of this business is its focus on science-led innovations which underpin products catering to consumers from infant through to the elderly. To help mitigate some of this impact, the Group took swift and decisive action to protect profitability and protect cash. Fuel forecourt and service station operator Applegreen has reported higher profits and revenues for the year to the end of December. Two scenarios were considered for the Group in preparing our going concern assessment being a management case and another scenario using a set of severe but plausible downside assumptions to that management case. Theyre unwelcome but not unexpected.. In preparing the Financial Information, the critical judgements made by management in applying the Group's accounting policies and the key sources of estimation uncertainty were the same as those that applied to the consolidated financial statements as at and for the year ended 31 December 2019 as set out on page 149-150 in those financial statements. Government grants represent the transfers of resources to the Group from governments in the key trading regions in which it operates, on condition that certain criteria relating to the Group's operating activities are met. Sales volumes fell to 57 per cent of the prior year period in April during the peak of the lockdown, improving to 29 per cent of the prior year in June. The Group is organised into the following operating segments: Retail Ireland - Involves the sale of fuel, food and store within the Republic of Ireland. About Applegreen: Established in 1992, Applegreen is a convenience food and beverage retailer and operator of petrol forecourts and motorway service areas with a major presence in the Republic. The announcements are supplied by the denoted source. Goodwill arising on business combinations is not amortised but is reviewed for impairment on an annual basis, or more frequently if there are indications that goodwill may be impaired. 2020 Annual Report. Applegreen's headquarters are based in Park West Business Park in Dublin, Ireland. Please note, this site uses cookies. LowFuelcard, the smartest way to fuel your business. Delayed London Stock Exchange Dublin, London, 4 May 2018: The Company announces that its annual report and accounts for the year ended 31 December 2017 and a notice convening an Annual General Meeting will be available to view later today on the Company's website at www.applegreenstores.com. Core Applegreen stand-alone leverage is 2.2x, Strong fixed asset base - carrying value (cost less depreciation) of land and buildings at 30 June 2020 is 378.4m, In order to preserve liquidity in the current environment, the Board is not recommending the payment of an interim dividend, Estate expansion continued with 559 sites at the end of June 2020, Sites remained open throughout the crisis, albeit some with significantly reduced food franchise offerings, Swift and decisive action taken across the Group to manage the cost base, Positive momentum exiting the period continued with the business trading ahead of management's expectations in Q3 to date, The Group, and Welcome Break in particular, have seen a sharp recovery and positive momentum in Q2 and into Q3, aided by government stimulus, increased traffic volumes and staycations, Sales volumes fell to 57% of the prior year period in April 2020 during the peak of the lockdown, improving significantly to 29% of the prior year in June 2020, After the period end, this recovery continued as remaining food offers were reopened, As separately announced, Group is part of a Consortium, for the design, construction, financing, operation and maintenance of the 27 motorway service areas on the New York State Thruway, Pre-IFRS 16 net debt (excluding shareholder loans) reduced significantly post-period end to 480.9m at 31 August 2020, representing cash balances of 216.7m and gross external debt of 697.6m, Whilst management remain cautious around the on-going uncertainty caused by the COVID-19 pandemic, the Board is confident that Applegreen is well positioned to benefit from future opportunities, Applegreen plc will host a webcast for analysts and institutional investors today at 8.30am (UK time). Form 38.5 (EPT/RI) - Applegreen plc - Shore Capital Stockbrokers Ltd. Mar 1, 2021. The Interim Financial Information does not constitute statutory financial statements. To get access to the full report and learn more about CreditRiskMonitor's robust financial risk analysis and timely news service, request a personalized demo and free trial today. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes. Forecourt retailer Applegreen has warned of a decline in profits for its current financial year due to the Covid-19 outbreak, as it reported a 53 per cent rise in revenues to 3.1 billion for 2019. Applegreen's group adjusted earnings before interest, tax, deprecation, and amortisation (Ebitda) of 25.3 million was down from 58.9 million in the first six months of 2019. The official website for the company is applegreenstores.com. All rights reserved. The debt in the Welcome Break banking group is ring-fenced to that group of companies and is non-recourse to the wider Applegreen group. All rights reserved. The Annual Report and a notice c, The Company's Annual General Meeting is expected to be held at, 11.00 am on Tuesday, 1 September 2020. Current trade and other receivables are non-interest bearing and are generally less than 30 day credit terms. Investegate reserves the Administration expenses (excluding share-based payment expense, non-recurring costs and depreciation) increased by 0.9m to support the growing estate. This website is only for private investors. If you wish to receive a hard copy of Prudential plc's Annual Report or Form 20-F free of charge, please email: secretariat@prudentialplc.com. Applegreen Plc 5.700 0.000 0.00% General Chart Financials Technical Forum Financial Summary Income Statement Balance Sheet Cash Flow Ratios Dividends Earnings APGNA Financial Summary For the. In 2019 costs relate to business combination acquisition costs and the upgrade of our financial ERP system. 4. Applegreen plc operates motorway service areas, trunk road service areas, and petrol filling stations. Report Writing. Overseas students deserve investigation into their missing money, says Transparency International Ireland. All rights reserved. People's Leasing & Finance PLC (PLC) is a licensed Sri Lankan Finance Company, which was incorporated on 22nd August 1995 as a private limited . About 3rd year commerce student . Rate Fix announcements are filtered from this site. The board said it was not recommending the payment of an interim dividend. The board considers the business from both a geographic and product perspective. APPLEGREEN PLC 2019 ANNUAL REPORT + FINANCIAL STATEMENTS Applegreen Spalding, UK 2 APPLEGREEN PLC ANNUAL REPORT AND FINANCIAL STATEMENTS 2019 3. Applegreen is a major petrol forecourt retailer with operations in the Republic of Ireland, the United Kingdom and the USA. To mark the twenty-first anniversary of the company we worked to create a piece that would reflect and celebrate the journey travelled, but more importantly the journey ahead. Obtains access to the information in a personal capacity; "We are highly conscious of the considerable uncertainty created by the current Covid-19 crisis but are confident in the defensiveness of our business model and the strength of our balance sheet and liquidity," the Applegreen CEO said. "Therefore, we are positive about navigating the company through this crisis and building our business for the long term," he added. The Group is pursuing a growth strategy focused on acquiring and developing new sites in each of the three markets in which it operates. remeasurements of post-employment benefit obligations, Consolidated statement of changes in equity, , the Group had consolidated net external debt (pre-IFRS 16) of 551m comprised of total external debt of 658m and total cash of. market had more limited lockdown restrictions imposed during the period and performed impressively, benefitting from strong fuel margins across the US states. PPT Presentation. The Group's cash position is more positive than expected due to the stronger than expected performance. Applegreen plc, B&J Holdings Limited and others agreed to acquire U.S. motorways business of HMSHost Corporation for $380 million. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so; Impairment testing methodology and results. The Annual Report and a notice c, The Company's Annual General Meeting is expected to be held at, 11.00 am on Tuesday, 1 September 2020. General information and basis of preparation. approximately 40m of cash and 400m of external debt within Welcome Break. Applegreen plc is a forecourt retail business headquartered in Dublin, Ireland. Find the latest Applegreen plc (APGN.F) stock quote, history, news and other vital information to help you with your stock trading and investing. Annual Audited Accounts Applegreen plc (the 'Group' or the 'Company'), the roadside convenience retailer today provides an update on its audited accounts for the year ended 31 December 2019. Are you passionate about food and a customer service champion? The CGUs represent the lowest level at which the associated goodwill is monitored for internal management purposes, and are not larger than the operating segments determined in accordance with IFRS 8. In 2021 Applegreen moved from a PLC to a private ownership company structure . Sustainability and TCFD report. Applegreen plc (the 'Group' or the 'Company'), the roadside convenience retailer today provides an update on its audited accounts for the year ended 31 December 2019. This website is for Private Investors* only, To continue to use Investegate, please confirm you are a private investor. The terms of the financial plan and lease agreement are yet to be finalised and remain subject to final approval. The purpose was to assess and evaluate. that it is part of Empire State Thruway Partners which has been awarded and signed a conditional 33 year lease for the design, construction, financing, operation and maintenance of the 27 motorway service areas on the New York State Thruway. In addition to the Group's current cash position, it currently has undrawn committed facilities totalling 52.5m and undrawn overdraft facilities of 12m. Trade and operations of the Group were severely impacted from mid-March as governments and customers took increasing measures to contain the spread of the COVID-19 virus. This information is provided by RNS, the news service of the London Stock Exchange. Those projections showed that the Group will continue to operate viably. Chief financial officer Niall Dolan told The Irish Times this was not a level the company was comfortable with, and intended to get leverage down to 2.5 times. Armstrong Teasdale > The Legal 500 Rankings Corporate and commercial > M&A: smaller deals, up to 50m Tier 3 Armstrong Teasdale's London corporate team had a busy 2021, advising on more than 30 M&A deals.Team head Peter Kohl, qualified in both England and the United States, has more than 30 years' transactional and advisory experience in M&A, venture capital, capital markets and corporate . 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