applegreen plc annual report 2020

The Applegreen brand is based on competitive fuel pricing that drives in-store footfall with an innovative food and beverage offer focussed on our customers' needs. The company said the scale of the impact of Covid-19 will be dependent on how the situation develops and over what timeframe, together with the impact of any further measures taken by national governments to mitigate the disruption. You can help us help them by donating today. Applegreen's mailing address is Block 17 Joyce Way Parkwest Dublin 12, DUBLIN,, Ireland. Encouragingly, this recovery has continued over the summer months with the further lifting of restrictions, government stimulus packages and the staycation trend, all of which has improved traffic volumes, said Mr Etchingham. 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. Report this profile Report Report. 2023 FE fundinfo. Phone: +353 15124800. In parallel, the group has developed its activity in the running of shops, restaurants and cafs. 6. All rights reserved. 2021 Annual Report: Digital & Data Acceleration Read about the latest developments at Informa including our 2021 financial results, the 2021-2024 Growth Acceleration Plan II, the activities of our Board and many customer and colleague highlights in our 2021 Annual Report Strategic Report Governance Report Financial Statements Applegreen plc has reduced its earnings per share by an average of 20% a year, over the last three years (measured with a line of best fit). The Group considers each individual site as a cash generating unit (CGU) for the purpose of impairment assessment in accordance with IAS 36 'Impairment of assets'. Annual Report 2021. Furthermore, Management expectations indicate a comfortable level of headroom over the revised covenants in both the Applegreen and Welcome Break facilities. Stewardship report. Find the latest Applegreen plc (APGN.F) stock quote, history, news and other vital information to help you with your stock trading and investing. The auditors' report on those financial statements was unqualified and did not contain an emphasis of matter paragraph. Open all FINANCIAL PERFORMANCE Billings 46.9bn (2019: 53.1bn) Revenue 107m. Applegreen plc ("Applegreen" or the "Company" or the "Group") Publication of Annual Report and Accounts and Notice of AGM. Corporation with Board of Directors. We have now established a large Petrol Filling Station (PFS) footprint in the US and our aim is to expand our presence as a recognised operator of large Service Area sites on strategic road networks in that market. Having considered a number of factors including current trading performance, the outcomes of comprehensive forecasting, a range of possible future trading impacts, existing liquidity and amended covenant structures, the Board is confident that the Group is now well positioned with the recovery continuing in each of our markets. 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. The award is subject to successful completion of a financial plan by the Consortium members and the subsequent approval of the financial plan by theNew York StateThruway Authority and approval of the final agreement by theNew York StateOffice of the State Comptroller and by theNew York StateAttorney General. Please wait while flipbook is loading. During the year Applegreen continued its expansion and finished with 556 sitesat the end of December. Applegreen's headquarters are based in Park West Business Park in Dublin, Ireland. The terms of the deal have yet to be finalised. Assets under construction as at 30 June 2020 includes the following significant projects; six service stations in the Republic of Ireland (12.2 million) and one service station in the US (7.9 million). 2020 highlights Although revenue has been impacted by Covid-19 our Company has been resilient and our performance has exceeded expectations - due to our actions over the last two years to simplify and strengthen WPP, our response to the pandemic and the work of our people. 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). The Sturbridge Service Area reopened in June 2020 following a knock down and rebuild. The Group has reported a resilient performance in H1 2020 in an unprecedented environment where COVID-19 impacted all of our markets. Dublin, London, 20 July 2020: Further to its announcement of 30 June 2020, the Company confirms that its annual report and accounts for the year ended 31 December 2019 ("Annual Report"). Investegate reserves the It achieved revenue growth of 53% over the last. *All intraday prices are subject to a delay of fifteen (15) minutes. A total of two groups (2019: 2) of CGUs have been identified and these are analysed below. approximately 40m of cash and 400m of external debt within Welcome Break. Writing Services . Exam Preparation. Allergan is focused on developing, manufacturing and commercializing branded pharmaceutical, device, biologic, surgical and regenerative medicine products for patients around . 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. 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. ROI recovering well with lifting of restrictions, Welcome Break significantly impacted in the period, with a strong recovery as a phased re-opening programme was implemented, Swift and decisive cost reduction actions taken, Mid-West acquisition included in 2020 figures. Given the non-recourse nature of the Welcome Break debt this would not impact on the operations of the wider Applegreen group. Delayed London Stock Exchange 3. These measures are used to monitor performance as management believes that such information is the most relevant in evaluating the results of certain segments relative to other entities that operate within these industries. Please note, this site uses cookies. The Group is organised into the following operating segments: Retail Ireland - Involves the sale of fuel, food and store within the Republic of Ireland. 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. Applegreen plc, B&J Holdings Limited and others completed the acquisition of U.S. motor.. Autogrill S p A : Sells US Motorways Business To Blackstone Infrastructu.. Applegreen plc, B&J Holdings Limited and others agreed to acquire U.S. motorways busine.. Man Group Plc : Form 8.3 - Applegreen plc. 5. The remainder of the Applegreen estate traded ahead of Management's expectations, aided by strong store sales in the local petrol filling station sites, good fuel margins and extensive cost saving measures. 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. Please confirm that you are a private investor using the buttons below. The adjusted EBITDA calculation can be found in note 3. Tax report. Whilst the business has shown a strong recovery, the Board is conscious of the need to preserve cash and has not proposed an interim dividend payment for 2020. market had more limited lockdown restrictions imposed during the period and performed impressively, benefitting from strong fuel margins across the US states. MSA sites are strategic infrastructure assets that have high barriers to entry due to long development lead times and government legislation. This information is provided by RNS, the news service of the London Stock Exchange. Given the non-recourse nature of the Welcome Break debt this would not impact on the operations of the wider Applegreen group. Fuel forecourt and service station operator Applegreen has reported higher profits and revenues for the year to the end of December. Those projections showed that the Group will continue to operate viably. Impairment of property, plant and equipment and intangibles (other than goodwill). To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy The financial information in this report has been prepared in accordance with the Group's accounting policies. This page (LON:APGN) was last updated on 2/25/2023 by MarketBeat.com Staff. 15.94. Applegreen PLC Feb 2020 - Jun 2021 1 year 5 months. Applegreen plc is a forecourt retail business headquartered in Dublin, Ireland. Worked with the EPA's Financial Provision Unit, personally preparing financial strength assessments for 105 million of parental company guarantees for 16 companies. Annual Report for Irish forecourt retailer, Applegreen. "We have modelled our expectations of the impact on our business taking account of current levels of trading across the three markets where movement is severely restricted until the end of May with the expectation that restrictions will then ease gradually before normalising in Q4," Applegreen said. Pro forma adjusted leverage is defined as net debt divided by adjusted EBITDA (Pre-IFRS 16). Limited edition Game of Thrones - inspired Single Malt Whisky collection has arrived. The company can be reached via phone at +353-1-5124800. Financial highlights: Group revenue increased by 27% on H1 2017 (672.5m) to 854.9m (30% on a constant currency basis) Mein Nisinta Seirbhse Poibl na hireann. To this day, Applegreen is still under the guardianship of Bob and Joe and supported by our dedicated team in our headquarters in Dublin. 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Term Papers. Reports archive 2021 Annual Report 2021 Annual Report 2021 PDF 10.4MB 2020 Annual Report Annual Report PDF 4.1MB 2019 Annual Report Annual Report PDF 4.5MB 2018 Annual Report Annual Report PDF 4.9MB Strategic Report The management team has a strong track record of delivery and the talent pipeline will underpin our expansion in the three markets. The safe and convenient way for your business to pay for fuel if you use at least 500L/month. "The ultimate impact of the pandemic is unclear at this stage but we are taking definitive steps to follow the relevant guidance from the authorities whilst ensuring we are also taking the right actions to ensure the group remains as resilient as possible to the challenges, and is well positioned for when normal conditions resume," Mr Etchingham said. Collect points every time you fill up or shop at Applegreen. All rights reserved. The CODM monitors Revenue and Gross Profit of segments separately in order to allocate resources between segments and to assess performance. Reconciliation of (loss)/profit before income tax to earnings before interest, tax, depreciation and amortisation (EBITDA), share based payments and other non-recurring charges (Adjusted EBITDA): Basic earnings per share is calculated by dividing the (loss)/profit attributable to equity holders of the company by the weighted average number of ordinary shares in issue during the period. Store sales performed exceptionally well with higher sales than 2019 through the summer months. Call us at 020 7739 2777 or email studio@spinachbranding.com The CODM also reviews adjusted EBITDA on a consolidated basis. Latest annual report and accounts. 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. Mr Etchingham noted that the US is the area where a lot of growth will come from in the next two or three years. Nestl today published its 2020 Annual Report. . Sustainability and TCFD report. Man Group PLC : Form 8.3 . The terms of the financial plan and lease agreement are yet to be finalised and remain subject to final approval. As of April 2022, the business operates 620 forecourt sites and employs circa 15,000 people across Ireland, UK and America. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so; NAV, EMM/EPT, Rule 8 and FRN Variable The preparation of the Financial Information requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. Are you passionate about food and a customer service champion? Applegreen said its revenue fell by . Applegreen has 5 employees at their 1 location and 3.07 b in annual revenue in FY 2019. In such a circumstance the Board would need to take further mitigating actions and/or re-negotiate with lenders to avoid potentially triggering a repayment of outstanding debt. Applegreen is not a large company by global standards. NAV, EMM/EPT, Rule 8 and FRN Variable 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. Marketbeat.Com Staff has reported a resilient performance in H1 2020 in an unprecedented environment where COVID-19 all... Forma adjusted leverage is defined as net debt divided by adjusted EBITDA ( Pre-IFRS 16.! All financial performance Billings 46.9bn ( 2019: 53.1bn ) Revenue 107m Revenue. Ebitda ( Pre-IFRS 16 ) than 2019 through the summer months or three years cash and of! 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