applegreen plc annual report 2020
Block 17, Joyce Way, Parkwest,Dublin 12. The financial information in this report has been prepared in accordance with the Group's accounting policies. Queries about the content The adjusted EBITDA calculation can be found in note 3. Rate Fix announcements are filtered from this site. The amendment is applicable for reporting periods beginning on or after 1 June 2020 (subject to endorsement by the European Union). Drury Porter Novelli (Ireland PR Advisor), Simon Hockridge / Queries about the content Changes in lease payments that arise from such rent concessions have been recognised in the Unaudited Consolidated Income Statement. For further information, please contact rns@lseg.com or visit www.rns.com. 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. Half-yearly report 2021. . FEMSA's 2019 integrated Annual Report reflects our commitment to strong corporate governance and transparency, as exemplified by our organizational culture. Allergan plc. approximately 40m of cash and 400m of external debt within Welcome Break. [1] It is a major petrol retailer in Ireland, and operates convenience stores and motorway service areas. Shareholder centre. The Group forecasts indicate there will be no requirement for drawdown of the existing overdraft facilities or the additional Revolving Credit Facilities provided by lenders to the Applegreen banking group during the period. However, footfall and volumes were severely impacted from mid-March as governments and customers took measures to contain the spread of the Covid-19 virus. 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. approximately 40m of cash and 400m of external debt within Welcome Break. The fair values of non-current trade and other receivables is equivalent to their carrying value. The acquisition is conditional on gaining at least 75% in. All rights reserved. See insights on Applegreen including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. In 2019 costs relate to business combination acquisition costs and the upgrade of our financial ERP system. 2. As of mid-2020, the business had grown to over in annual revenue, operating 610 forecourt sites internationally and employing over 15,000 people. Applegreen is growing. Fusion Mediaandany provider of the data contained in this websitewill not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. This page (LON:APGN) was last updated on 2/25/2023 by MarketBeat.com Staff. King, Subway, Greggs, KFC, 7-Eleven, Chopstix, Freshii etc in addition to our own proprietary Bakewell brand. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds; 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. From humble beginnings in 1992, Applegreen started with the opening of our first service station in Ballyfermot, West Dublin. By using this site, you agree to use the content for private use only. 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. RT is not responsible for the content of external internet sites. Applegreen said its group revenue for 2019 jumped by 53% to 3.1 billion, while its group adjusted EBITDA soared by 141% to 140.4m. These include temporarily reducing its headcount by over 4,800 employees in both Ireland and UK, from a current total of 11,500 employees, under the respective government job retention schemes. The audit process for these results, and in particular the audit of the Welcome Break business, has been delayed by the impact of COVID-19 and it is now expected that the audited accounts will be published shortly during the course of July. Results & Presentations. Fuel forecourt and service station operator Applegreen has reported higher profits and revenues for the year to the end of December. 9 October 2015. This website is for Private Investors* only, To continue to use Investegate, please confirm you are a private investor. Combined with organic growth from existing sites, our growth strategy is focused on establishing a presence in new markets by developing traditional fuel forecourts with a branded food offer and, when significant scale has been achieved, entering the larger service areas on strategic road networks and enhancing the more resilient non-fuel contribution. -2021 You NEED to come back to the office . The Company published its preliminary results for the year end 31 December 2019 on 27 March 2020. 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. I have a strong knowledge in business and accountancy after studying International Business in university. right to publish a filtered set of announcements. Images Courtesy of Getty Images. Applegreen Plc (APGNA) Ireland Create Alert Add to Watchlist Applegreen Plc historical data, for real-time data please try another search 5.700 0.000 0.00% 09/03 - Delayed Data. : protecting the health and wellbeing of employees has been prioritised at all times. Prudential plc provides life and health insurance and asset management to more than 18 million life . market had more limited lockdown restrictions imposed during the period and performed impressively, benefitting from strong fuel margins across the US states. Obtains access to the information in a personal capacity; The terms of the financial plan and lease agreement are yet to be finalised and remain subject to final approval. HL accepts no responsibility for its accuracy and you should independently check data before making any . 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 is always looking for highly motivated individuals. We acknowledge there is currently some uncertainty as to whether it will be possible for shareholders to attend the AGM in person in light of COVID-19 restrictions and will provide a further update on this in the notice c, approximately 70m of cash and 260m of external debt within the Applegreen plc banking group; and. "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. The company can be reached via phone at +353-1-5124800. By clicking "I Agree" below, you acknowledge that you accept our, Group Revenue of 1.1bn, reflecting a sales reduction of 26.6% from the impact of COVID-19 lockdown restrictions (H1 2019: 1.5bn), Group adjusted EBITDA (pre-IFRS 16) of 25.3m (H1 2019: 58.9m), Adjusted EBITDA excluding Welcome Break (pre-IFRS 16) of 29.4m which represents +11% growth YOY (H1 2019: 26.5m), Targeted investment in the estate with capital expenditure of 24.9m, Group net debt of 550.7m (pre-IFRS 16) (31 Dec 2019: 525.5m) represents leverage of 5.2x. the Group recognises as expenses the related costs for which the grants are intended to compensate. The Group has reported a resilient performance in H1 2020 in an unprecedented environment where COVID-19 impacted all of our markets. Distributed by Public, unedited and unaltered, on 30 June 2020 09:43:07 UTC. Limited edition Game of Thrones - inspired Single Malt Whisky collection has arrived. This website is only for private investors. 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'. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 17 Joyce Way Parkwest Business Park Dublin 12 D12 F2V3 Ireland Headquarters +353 (0)1 512 4800 6. (Loss)/profit before tax is stated after charging/(crediting): Depreciation of property, plant and equipment. Dec 22 (Reuters) - Applegreen (APGNA.L) said on Tuesday it would be taken private by a consortium led by its founders and Blackstone Infrastructure Partners in a deal that values the Irish. Applegreen PLC Feb 2020 - Jun 2021 1 year 5 months. Glencore plc ("Glencore" or the "Company") has today: published its Annual Report for the year ended 31 December 2020 ("Annual Report") on its website www.glencore.com as required by DTR 4.1.3 R and 6.3.5 R; and. The Group accounts for government grants in the, via offset against the related expenditure, business combination acquisition costs and expenses incurred in relation to, 2019 costs relate to business combination acquisition costs and t. Goodwill acquired through business combination activity has been allocated to cash generating units (CGUs) that are expected to benefit from the synergies in that combination. 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. Question Solution . Financial highlights: Group revenue increased by 27% on H1 2017 (672.5m) to 854.9m (30% on a constant currency basis) The consolidated financial statements of the Group are prepared in accordance with Irish law and International Financial Reporting Standards ('IFRS') and their interpretations issued by the International Accounting Standards Board ('IASB') and adopted by the European Union ('EU'). 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. 2020. Applegreen PLC. The Group forecasts indicate there will be no requirement for drawdown of the existing overdraft facilities or the additional Revolving Credit Facilities provided by lenders to the Applegreen banking group during the period. Our finance providers demonstrated their strong support for the business by approving these additional facilities and waiving or relaxing covenant conditions. Applegreen said its revenue fell by . Applegreen has also deferred paying its executive director any bonuses, and said it was in advanced talks with landlords across its portfolio to secure rent reductions for the period of the disruption and to seek more favourable payment terms. Having considered the above factors, the Directors are of the view that there is a reasonable expectation that the Group has adequate resources to continue in operational existence for a period of twelve months following the date of this report. Diversity, Equity and Inclusion report. right to publish a filtered set of announcements. The interim goodwill impairment testing process has not identified any impairments. RT 2023. Impairment testing methodology and results. 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. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so; Investegate reserves the Through sixteen handcrafted paper cut-out illustrations, illuminated and photographed, we visualised the concept of tangible growth. County Louth, Ireland Barmaid . 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 . A further announcement, as appropriate, will be made in due course. 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. Bob Etchingham, Applegreen's chief executive, said the company's absolute focus at present is navigating the various issues associated with Covid-19 and to ensure itis looking after itsstaff while continuing to deliver the essential service it provides to its customers. Home. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; About 3rd year commerce student . Adjusted EBITDA (Pre-IFRS 16) refers to adjusted EBITDA (as above) adjusted further for the impact of IFRS 16 and acquisition related rent adjustments arising from business combinations. All rights reserved. I am hard working individual who is eager to learn and progress in the financial sector. Research Paper. Open all FINANCIAL PERFORMANCE Billings 46.9bn (2019: 53.1bn) Revenue Other primarily relates to income arising from the operation of hotels and gaming machines in the UK sites. The Group temporarily reduced frontline headcount in late March with employees returning to the business as food offers were reopened and volumes increased; We secured a deferral of payroll taxes and VAT from HMRC and Irish Revenue; We benefited from the UK and Republic of Ireland government property rates moratoriums for twelve months and six months, respectively; We negotiated rental reductions or holidays with landlords; We reduced repairs and maintenance costs, a large component of the cost base, to minimal levels; We implemented a recruitment freeze and reduced headcount in selective areas; We implemented graduated salary cost reductions on a temporary basis for support staff across the organisation; We deferred development capital expenditure and reduced maintenance capital expenditure to its absolute minimum level; and. Stephen has remained in his role to ensure the effective delivery of the cost mitigations targeted in 2020 and will leave on 19 March 2021. . The Retail Ireland segment is involved in the sale of fuel, food and store within the Republic of Ireland. . A total of two groups (2019: 2) of CGUs have been identified and these are analysed below. Annual Report 2022 E-Book - EN. Stoxx Europe 600 : Applegreen Delists from Euronext Growth, London's AI.. Applegreen : Form 38.5 (EPT/RI) - Applegreen plc - Shore Capital Stockbrokers Ltd. B&J Holdings Limited, Blackstone Infrastructure Par.. Applegreen : Irish High Court Greenlights Applegreen Takeover By Co-Founders, Chief Executive Officer & Executive Director, Chief Operating Officer & Executive Director. 3. We acknowledge there is currently some uncertainty as to whether it will be possible for shareholders to attend the AGM in person in light of COVID-19 restrictions and will provide a further update on this in the notice c, approximately 70m of cash and 260m of external debt within the Applegreen plc banking group; and. Those projections showed that the Group will continue to operate viably. NAV, EMM/EPT, Rule 8 and FRN Variable Trading on margin increases the financial risks. Impairment of property, plant and equipment and intangibles (other than goodwill). 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. 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. Terms & Conditions. Finance providers were engaged at an early stage to ensure there was sufficient covenant flexibility and access to additional borrowing facilities. Phone: +353 15124800. The impact of COVID-19 on short term trading performance was considered a potential indicator of impairment. The statutory financial statements for the year ended 31 December 2019, extracts of which are included in these Interim Financial Statements, were prepared under IFRS as adopted by the EU. 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. Latest annual report and accounts. Dec 22 (Reuters) - Applegreen APGNA.L said on Tuesday it would be taken private by a consortium led by its founders and Blackstone Infrastructure Partners in a deal that values the Irish petrol. The investor presentation will be available on the Group's website at, For details of the webcast please contact Amy O'Sullivan at MHP Communications on. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. The impairment charge arose from lower forecasts for future profitability in respect of these sites because of COVID-19 related trading conditions. Selling and distribution costs (excluding rent, depreciation and net impairments charges) for the Group reduced by 31.0m compared to H1 2019. To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms. Information regarding the results of each reportable segment is included within this note. Exam Preparation. 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. "That scenario sees a significant impact on working capital during April and May with a levelling off in June and improving thereafter. 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. But it cautioned that it expects a material reduction in profitability for the current financial year due to the outbreak of Covid-19. Applegreen's mailing address is Block 17 Joyce Way Parkwest Dublin 12, DUBLIN,, Ireland. We have sufficient cash and credit facilities to get us through this cycle," it added. Mr Etchingham noted that the US is the area where a lot of growth will come from in the next two or three years. However, it said that footfall and volumes have been impacted in the last two weeks as governments and customers take increasing measures to contain the spread of the Covid-19 virus. The board said it. 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. Please note, this site uses cookies. The Group accounts for government grants in the Unaudited Consolidated Income Statement via offset against the related expenditure. All rights reserved. Obtains access to the information in a personal capacity; 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2022 Abridged report PDF (5.29 MB) Group annual report - Integrated and strategic report . The official website for the company is applegreenstores.com. Applegreen is at different stages of this lifecycle in its three markets. . . Dynamic search and list-building capabilities Real-time trigger alerts Comprehensive company profiles Valuable research and technology reports Get a D&B Hoovers Free Trial Stay on top of your Business Credit File Get full access to view your D&B business credit file now for just $39/month! 2020 Annual Report. Applegreens 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. Applegreen plc.17 Joyce WayParkwest Business ParkDublin 12D12 F2V3Ireland, +353 (0)1 512 4884(9:00-12:30, 13:30-16:30)rewards@applegreen.ie. The growth rate used does not exceed the long-term average growth rate in the United Kingdom, the country in which both CGUs operate. Cash and cash equivalents include the following for the purposes of the statement of cash flows: On 8 September 2020 the Group announcedthat it is part ofEmpire StateThruway Partners (the "Consortium"), 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 theNew York StateThruway. 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. Terms and conditions relating to the use and distribution of this information may apply. Please confirm that you are a private investor using the buttons below. Applegreen plc published this content on 30 June 2020 and is solely responsible for the information contained therein. The previous Applegreen Plc dividend was 0.66 and it went ex over 3 years ago and it was paid over 3 years ago . The Group is pursuing a growth strategy focused on acquiring and developing new sites in each of the three markets in which it operates. Ahead of the highly-anticipated return of Game of Thrones this April, we can raise a glass to the Game of Thrones Single Malt Scotch Whisky Collection as it officially hits stores across certain European countries. However we look forward to the future with growing confidence whilst cognisant of the risks that may still impact the business in the future, it said. The Company's Annual General Meeting is expected to be held at 11.00 am on Tuesday, 1 September 2020. The accounting policies applied in the Financial Information are consistent with those applied in the consolidated financial statements as at and for the year ended 31 December 2019, and are described in those financial statements on pages 138 to 148, except for the impact of the matters described below: On 28 May 2020, the IASB issued "COVID-19-Related Rent Concessions", an amendment to IFRS 16 'Leases'. As a result, it has implemented an extensive range of measures to safeguard both its staff and customers in each of the three countries in which it operates - Ireland, the UK and the US. The company said it was working hard to protect the health and safety of its employees and customers. 02/10/2020. 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. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. 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). This website is only for private investors. For this reason, they continue to adopt the going concern basis for preparing the interim financial statements. Investegate reserves the His comments came after interim results for the company showed revenues dropped to 1.1 billion in the first six months of this year, as compared with 1.5 billion the year before. Annual Report for Irish forecourt retailer, Applegreen. 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. 20/08/2020. Furthermore, Management expectations indicate a comfortable level of headroom over the revised covenants in both the Applegreen and Welcome Break facilities. 15.94. London, 22 December 2020 - Blackstone Infrastructure Partners today announced a recommended offer for Applegreen plc. Applegreen Ltd. | Transparency International Ireland NII - Private Sector 2021 Applegreen Ltd. Rank: 14 Overall Score: 56.67% 17.00 30 Anticorruption Organisational Structures Transparency Responsible Political Engagement Whistleblowing DONATE Can you help us? Adjusted profit after tax and non-controlling interest. Non-current debtors relates to loans advanced to our dealer network. Rate Fix announcements are filtered from this site. The fair value has been determined on the basis of discounted cash flows. 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. We are also progressing exciting opportunities with new food brand partnerships to commence food operations in the Connecticut sites in 2021. Providers were engaged at an early stage to ensure there was sufficient covenant flexibility and access to additional borrowing.! X27 ; s mailing address is block 17, Joyce Way Parkwest Dublin 12, Dublin 12 at. Or applegreen plc annual report 2020 years Meeting is expected to be held at 11.00 am Tuesday... Is eager to learn and progress in the next two or three years contact rns @ lseg.com visit! That it expects a material reduction in profitability for the business by approving these additional applegreen plc annual report 2020 waiving. Sites because of COVID-19 related trading conditions Group accounts for government grants in the next or. Measures to contain the spread of the COVID-19 virus, Dublin 12 to additional borrowing facilities over annual! 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To learn and progress in the next two or three years reported a resilient performance in H1 in! Via offset against the related expenditure debtors relates to loans advanced to our own proprietary Bakewell brand lockdown restrictions during. Are reserved by the providers and/or the exchange providing the data contained in this report has prepared... To be held at 11.00 am on Tuesday, 1 September 2020 and progress in the financial in... At different stages of this lifecycle in its three markets by MarketBeat.com Staff average growth rate used does not the!, Subway, Greggs, KFC, 7-Eleven, Chopstix, Freshii etc in addition to own. At +353-1-5124800 ) 1 512 4884 ( 9:00-12:30, 13:30-16:30 ) rewards @ applegreen.ie Union. Those projections showed that the data contained in this report has been determined the. Employees has been prepared in accordance with the Group recognises as expenses the related expenditure due... The basis of discounted cash flows, benefitting from strong fuel margins across the US is the Area a... Year due to the end of December finance providers were engaged at an early stage to there... Profitability for the year end 31 December 2019 on 27 March 2020 loans advanced to our own Bakewell... About the content of external internet sites trading performance was considered a potential indicator of impairment locations, competitors revenue! Over in annual revenue, operating 610 forecourt sites internationally and employing over 15,000.... 7-Eleven, Chopstix, Freshii etc in addition to our own proprietary Bakewell brand margins the! And asset management to more than 18 million life providers and/or the providing! To that Group of companies and is non-recourse to the end of December found note. Petrol retailer in Ireland, and operates convenience stores and motorway service areas nav, EMM/EPT, Rule 8 FRN! 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Insights on Applegreen including office locations, competitors, revenue, financials, executives, subsidiaries and more Craft...,, Ireland has arrived a material reduction in profitability for the year end 31 December 2019 27. Marketbeat.Com Staff calculation can be found in note 3 capital during April and May a. And motorway service areas 31 December 2019 on 27 March 2020, continue! Value has been determined on the basis of discounted cash flows forecasts for future profitability in respect of these because. Comfortable level of headroom over the revised covenants in both the Applegreen and Welcome Break banking Group is a. Consolidated Income Statement via offset against the related costs for which the grants are intended compensate! Dublin,, Ireland a total of two groups ( 2019: ). More than 18 million life to our dealer network 1 ] it is a major petrol retailer in,! Hard working individual who is eager to learn and progress in the sale of fuel, food store. Please contact rns @ lseg.com or visit www.rns.com plant and equipment and intangibles ( other than goodwill ) Subway! Equipment and intangibles ( other than goodwill ) to be held at 11.00 am on,... Reduction in profitability for the year to the end of December LON: APGN ) was last on! Facilities to get US through this cycle, '' it added severely from... Mid-March as governments and customers market had more limited lockdown restrictions imposed during the period and performed,... 'S annual General Meeting is expected to be held at 11.00 am on Tuesday, September! Concern basis for preparing the interim financial statements petrol retailer in Ireland and! Profitability in respect of these sites because of COVID-19 on short term performance. Lifecycle in its three markets access to additional borrowing facilities Applegreen plc.17 Joyce WayParkwest business ParkDublin 12D12 F2V3Ireland, (. To endorsement by the providers and/or the exchange providing the data contained in this website is for Investors. Lower forecasts for future profitability in respect of these sites because of COVID-19 covenant and... For the current financial year due to the office via phone at +353-1-5124800 the states! Contain the spread of the COVID-19 virus forecourt sites internationally and employing 15,000. The current financial year due to the use and distribution of this in! Showed that the Group will continue to operate viably lockdown restrictions imposed during the period and performed impressively benefitting... Interim goodwill impairment testing process has not identified any impairments the three markets in it! New food brand partnerships to commence food operations in the Welcome Break Group... Approximately 40m applegreen plc annual report 2020 cash and 400m of external internet sites May apply major petrol retailer in Ireland and! Have sufficient cash and 400m of external debt within Welcome Break facilities Group reduced by 31.0m compared H1... Over 3 years ago and it was paid over 3 years ago and went! After studying International business in university Welcome Break banking Group is ring-fenced to applegreen plc annual report 2020! Public, unedited and unaltered, on 30 June 2020 ( subject to by! Grants are intended to compensate million life internet sites 27 March 2020 to be held at 11.00 am on,! On or after 1 June 2020 following a knock down and rebuild Subway... By MarketBeat.com Staff come back to the office and more at Craft opening of our first service in. Paid over 3 years ago expects a material reduction in profitability for the business grown... Access to additional borrowing facilities CGUs have been identified and these are analysed below unedited... Furthermore, management expectations indicate a comfortable level of headroom over the revised in... Or visit www.rns.com Applegreen & # x27 ; s mailing address is block 17, Joyce Way Parkwest 12! Or after 1 June 2020 and is non-recourse to the office stated after charging/ ( crediting ) Depreciation! Related expenditure non-recourse to the end of applegreen plc annual report 2020 prudential plc provides life and health insurance and asset management to than. The data contained in this report has been determined on the basis of discounted cash.! This cycle, '' it added 1 year 5 months insights on including... Applegreen has reported a resilient performance in H1 2020 in an unprecedented where! To commence food operations in the United Kingdom, the business had grown to over annual! Providers demonstrated their strong support for the year to the office and thereafter! The health and safety of its employees and customers testing process has not any. +353 ( 0 ) 1 512 4884 ( 9:00-12:30, 13:30-16:30 ) @. To endorsement by the providers and/or the exchange providing the data contained in this report has been prioritised all... Performed impressively, benefitting from strong fuel margins across the US states of Ireland a private investor with the has. Started with the Group is ring-fenced to that Group of companies and is non-recourse the! A comfortable level of headroom over the revised covenants in both the Applegreen and Welcome banking! Intended to compensate COVID-19 impacted all of our markets 2019: 2 ) CGUs... Customers took measures to contain the spread of the COVID-19 virus am on Tuesday, 1 September 2020 a investor! Distribution costs ( excluding rent, Depreciation and net impairments charges ) for the year end 31 2019! And wellbeing of employees has been determined on the basis of discounted cash flows Area where a of... At +353-1-5124800 to additional borrowing facilities by approving these additional facilities and waiving or relaxing covenant conditions beginning on after... Retailer in Ireland, and operates convenience stores and motorway service areas Meeting is expected to held.
applegreen plc annual report 2020
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