Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; Applegreen asked Spinach to design and produce their 2018 Annual Report following the acquisition of Welcome Break, an exciting development for the group which saw them become the second largest Motorway Service Area (MSA) operator in the UK. 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. The company operates as a roadside convenience food and beverage retailer that sells fuel, food, and other groceries under its Bakewell and Applegreen brands, as well as other partnered international brands, such as . The CODM monitors Revenue and Gross Profit of segments separately in order to allocate resources between segments and to assess performance. A further announcement, as appropriate, will be made in due course. Investegate reserves the It operates in three segments: Retail Ireland, Retail UK, and Retail USA. Both documents are being posted to shareholders today. With respect to the Welcome Break subsidiary specifically, Management's expectation is that the business has sufficient liquidity and covenant headroom for the next 12 months. ("Applegreen" or the "Company" or the "Group"), Publication of Annual Report and Accounts and Notice of AGM. Latest annual report and accounts. 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. Interest cost on employee benefit obligations, Origination and reversal of temporary differences. Improving the customer journey to inspire loyalty is central to what we do, ensuring we provide a smooth and enjoyable experience. Our financial and sustainability results are for the twelve months ended December 31, 2019 compared to the twelve months ended December 31, 2018. The announcements are supplied by the denoted source. The impact of COVID-19 on short term trading performance was considered a potential indicator of impairment. The growth pillars of the business are based on growing food to become the dominant profit stream and therefore reducing the dependency on fuel, partnering with premium food-to-go brands and focusing on value accretive acquisitions. The Group is pursuing a growth strategy focused on acquiring and developing new sites in each of the three markets in which it operates. By clicking "I Agree" below, you acknowledge that you accept our, 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") has been published and is available to view on the Company's website at www.applegreenstores.com. of an announcement should be directed to the source. Overseas students deserve investigation into their missing money, says Transparency International Ireland. Government grants are recognised in profit or loss on a systematic basis over the periods in which the Group recognises as expenses the related costs for which the grants are intended to compensate. 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. 3. The Welcome Break business, which we anticipated would be the most heavily impacted part of the estate because of its dependence on motorway volumes, traded in line with Management's expectations for the second quarter and trading continues to improve as restrictions are lifted. Terms & Conditions. Autogrill S p A : Sells US Motorways Business To Blackstone Infrastructure-Led Consortium. The CODM has been identified as the Board of Executive Directors. APPLEGREEN PLC 2019 ANNUAL REPORT + FINANCIAL STATEMENTS Applegreen Spalding, UK 2 APPLEGREEN PLC ANNUAL REPORT AND FINANCIAL STATEMENTS 2019 3. Nutrition Net Revenue 2020 3,287 m 2019 3,353 m LFL Growth 1 unchanged Actual Growth - 2.0 % Adjusted Operating Profit 1 462 m Adjusted Operating Margin 1 14.1 % controlling interest, At 01 January 2019 (as previously reported), UNAUDITED Consolidated statement of cash flows, Loss/(gain) on the disposal of property, plant and equipment and intangible assets, Decrease/(increase) in trade and other receivables, Purchase of property, plant and equipment, Proceeds from the sale of property, plant and equipment, Cash injection from non-controlling interest, Net (decrease)/increase in cash and cash equivalents, Cash and cash equivalents at beginning of period, Cash and cash equivalents at end of period, Notes to the unaudited consolidated financial information, 1. MSA sites are strategic infrastructure assets that have high barriers to entry due to long development lead times and government legislation. 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. We are also progressing exciting opportunities with new food brand partnerships to commence food operations in the Connecticut sites in 2021. It has a market capitalization of UK615m, which means it wouldn't have the attention of many institutional investors. 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. Question Solution . the Group recognises as expenses the related costs for which the grants are intended to compensate. The Interim Financial Information does not constitute statutory financial statements. "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 Board expects to be in a position to reinstate dividend distributions in 2021 assuming the continued normalisation of trading activity. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. 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'). Adjusted EBITDA (Pre-IFRS 16) is calculated as follows: Adjusted (loss)/profit before tax is calculated using the (loss)/profit for the financial year adjusted for share based payments, non-recurring operating charges, impairment charge, interest on shareholder loans, the impact of IFRS 16 and acquisition related and acquisition related adjustments arising from business combinations. Allergan is focused on developing, manufacturing and commercializing branded pharmaceutical, device, biologic, surgical and regenerative medicine products for patients around . "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. Annual Report 2016 - 2017 Download. Applegreen is one of the main Irish fuel distributors. Fuel forecourt and service station operator Applegreen has reported higher profits and revenues for the year to the end of December. Phone: +353 15124800. Applegreen is at different stages of this lifecycle in its three markets. Financial insights and latest news of Applegreen Plc. 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. Actual results could differ materially from these estimates. Non-current debtors relates to loans advanced to our dealer network. 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. . . [2] I am hard working individual who is eager to learn and progress in the financial sector. County Louth, Ireland Barmaid . The Company is incorporated and tax resident in Ireland. APPLEGREEN PLC 2019 ANNUAL REPORT + FINANCIAL STATEMENTS Applegreen Ballymount Ireland Adjusted EBITDA pre-IFRS 16 Site Numbers Non-Fuel Gross ProfitRevenue Welcome Break From there, under the stewardship of Chairman Bob Etchingham and CEO Joe Barrett, Applegreen expanded in Ireland, growing year on year. Trading on margin increases the financial risks. This section contains Prudential's financial reports. The Group traded ahead of expectations in the second quarter of 2020 and has remained profitable at an EBITDA level which further underlines the resilience and adaptability of our business during this difficult time. Furthermore, Management expectations indicate a comfortable level of headroom over the revised covenants in both the Applegreen and Welcome Break facilities. In 2021 Applegreen moved from a PLC to a private ownership company structure . Prudential helps people get the most out of life. From a product perspective, management separately considers retail activities in respect of the sale of fuel, food, store and other within Ireland, the UK and in the USA. 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 The Group is pursuing a growth strategy focused on acquiring and developing new sites in each of the three markets in which it operates. 4bn 3.1bn 430.6m 500m. Form 38.5 (EPT/RI) - Applegreen plc - Shore Capital Stockbrokers Ltd. Mar 1, 2021. Stewardship report. 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. Closing date: December 31. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. Download pdf. General information and basis of preparation (continued). 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. Applegreen's headquarters are based in Park West Business Park in Dublin, Ireland. Furthermore, Management expectations indicate a comfortable level of headroom over the revised covenants in both the Applegreen and Welcome Break facilities. The fair value has been determined on the basis of discounted cash flows. Latest years. 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, Operating Segments. Investec Bank plc annual report PDF (4.02 MB) Investec Bank Limited annual report PDF (2.86 MB) . Cash flows used in the value in use assessment also include maintenance capital expenditure required to maintain the site assets in their current condition. 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. Annual Report 2019 - 2020 View Now Download. Why the Choice of Carbon Metrics Matters. 10.68. The remaining amounts relate to several other developments across all regions. I confirm and agree. Writing Services . 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. As of mid-2020, the business had grown to over 3.1BN in annual revenue, operating 610 forecourt sites internationally and employing over 15,000 people. 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. 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. Total comprehensive (expense)/income attributable to: UNAUDITED CONSOLIDATED STATEMENT OF FINANCIAL POSITION, Equity attributable to owners of the parent, UNAUDITED Consolidated statement of changes in equity, Total attributable to owners of Applegreen Plc, Non Applegreen is proud to be an Irish company and a true Irish success story. Financial highlights: Group revenue increased by 27% on H1 2017 (672.5m) to 854.9m (30% on a constant currency basis) There are typically 2 dividends per year (excluding specials), and the dividend cover is approximately 1.5. Self . 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. The adjusted EBITDA calculation can be found in note 3. 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'. Retail USA - Involves the sale of fuel, food and store within the United States of America. The Company's segments include Retail Ireland, Retail UK and Retail USA. Selling and distribution costs (excluding rent, depreciation and net impairments charges) for the Group reduced by 31.0m compared to H1 2019. Home. Annual Report 2015 - 2016 Download. Annual Report for Irish forecourt retailer. Obtains access to the information in a personal capacity; To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy To this day, Applegreen is still under the guardianship of Bob and Joe and supported by our dedicated team in our headquarters in Dublin. Coursework. 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. By using this site, you agree to use the content for private use only. Dissertation. Annual Report for Irish forecourt retailer, Applegreen. approximately 40m of cash and 400m of external debt within Welcome Break. With 193 service stations right across the country, youll find Applegreen is only a short journey away. 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. The data and prices on the website are notnecessarilyprovided by any market or exchange, but may be provided bymarket makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Applegreen plc published this content on 30 June 2020 and is solely responsible for the information contained therein. Theyre unwelcome but not unexpected.. 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! 4. The company can be reached via phone at +353-1-5124800. The address of its registered office is Block 17, Joyce Way, Parkwest, Dublin 12. Address Applegreen plc. Applegreen plc operates motorway service areas, trunk road service areas, and petrol filling stations. NAV, EMM/EPT, Rule 8 and FRN Variable Given the non-recourse nature of the Welcome Break debt this would not impact on the operations of the wider Applegreen group. Applegreen plc banking group and the Welcome Break banking group secured additional facilities of 52.5m and 25.4m respectively. 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. Some of the cookies are essential for parts of the site to operate and have already been set. Revenues reflect RetailSales-UK decrease of 32% to EUR548.8M. Delayed London Stock Exchange The Group has reported a resilient performance in H1 2020 in an unprecedented environment where COVID-19 impacted all of our markets. approximately 40m of cash and 400m of external debt within Welcome Break. Significant assumptions used in the value in use assessments are summarised below: Cash flows used in the value in use assessment are calculated based on management's best estimate of pre-tax cash flow for each individual site for the coming three years and forecasted thereafter over the remaining useful lives of the assets in the site using long term growth rates. 2023 FE fundinfo. Forecourt retailer Applegreens business could return to 2019 levels by next year, the companys chief executive has said, while adding important caveats, as the group saw revenue fall by 26.6 per cent in the first six months of this year. 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. 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. The Company published its preliminary results for the year end 31 December 2019 on 27 March 2020. 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") has been published and is available to view on the Company's website at www.applegreenstores.com. With respect to the Welcome Break subsidiary specifically, Management's expectation is that the business has sufficient liquidity and covenant headroom for the next 12 months. 9 October 2015. Assets under construction relate to development costs incurred in the upgrade of the Group's financial ERP system. The award is also subject to the Consortium securing financing for the project, a process which is ongoing. Annual Financial Report 2020 AIB Group Country by Country Report 2020 2020 Half- Yearly Financial Results AIB Group plc 2020 Half-Yearly Financial Results Presentation AIB Group plc 2020 Half-Yearly Financial Results Announcement AIB Group plc 2020 Half-Yearly Financial Report The terms of the financial plan and lease agreement are yet to be finalised and remain subject to final approval. 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'. Applegreen plc, B&J Holdings Limited and others completed the acquisition of U.S. motorways business of HMSHost Corporation. Assets and liabilities are reviewed by the CODM for the Group in its entirety and as such segment information is not provided for these items. You may delete and block all cookies from this site, but if you do, parts of the site may not work. Applegreen is a major petrol forecourt retailer with operations in the Republic of Ireland, the United Kingdom and the USA. The Group assess the practical expedient and if satisfied all conditions are met, elect not to assess whether rent concessions that are occurring directly as a result of COVID-19 are lease modifications. . Cash and cash equivalents included in the Unaudited Consolidated Statement of Financial Position and Unaudited Consolidated Statement of Cash Flows are analysed as follows: Cash and cash equivalents (excluding bank overdrafts). 6. We have sufficient cash and credit facilities to get us through this cycle," it added. Currency in EUR. 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. If you are already a subscriber and want to access the full report, click here. Please click on the tabs below to select the year you require. 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 Sturbridge Service Area reopened in June 2020 following a knock down and rebuild. Applegreen plc ("Applegreen" or the "Company" or the "Group") Publication of Annual Report and Accounts and Notice of AGM. Queries about the content Applegreens net debt stood at 550.7 million at the end of June, about 5.2 times Ebitda. Applegreen is a major petrol forecourt retailer with operations in the Republic of Ireland, the United Kingdom and the USA. Are you passionate about food and a customer service champion? DONATE Support those who speak up It said it was not issuing financial guidance for current and future years, adding that previously published market expectations should be disregarded. People's Leasing & Finance PLC (PLC) is a licensed Sri Lankan Finance Company, which was incorporated on 22nd August 1995 as a private limited . 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. submitted a copy of the Annual Report to the Financial Conduct Authority's (FCA) National Storage Mechanism in . The impairment charge relates to service stations in Ireland, UK and US. Applegreen plc, a major service station retailer with operations in the Republic of Ireland, the United Kingdom and the United States announces its unaudited interim results for the six months ended 30 June 2018. Administration expenses (excluding share-based payment expense, non-recurring costs and depreciation) increased by 0.9m to support the growing estate. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; Although the Applegreen banking group covenant conditions had been waived or relaxed, the Group's financial forecasts indicate that the Applegreen plc banking group will not breach the original covenant conditions and will not require a further drawdown of the additional facilities that were provided. 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. Applegreen PLC Feb 2020 - Jun 2021 1 year 5 months. We make healthcare affordable and accessible, and promote financial inclusion. HL accepts no responsibility for its accuracy and you should independently check data before making any . 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. Mr Etchingham noted that the US is the area where a lot of growth will come from in the next two or three years. AIB Group (UK) p.l.c. As at December 2019, the business operated 556 forecourt sites and employed c.11,798 people. This information is provided by RNS, the news service of the London Stock Exchange. Applegreen said its revenue fell by . 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. Impairment testing methodology and results. Terms and conditions relating to the use and distribution of this information may apply. The Group is organised into the following operating segments: Retail Ireland - Involves the sale of fuel, food and store within the Republic of Ireland. Applegreen has 5 employees at their 1 location and 3.07 b in annual revenue in FY 2019. 4. 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. Please confirm that you are a private investor using the buttons below. Applegreen's mailing address is Block 17 Joyce Way Parkwest Dublin 12, DUBLIN,, Ireland. The recoverable amounts of sites that are assessed for impairment have been determined based on the higher of value-in-use methodology or fair value less costs of disposal. Tax report. Results & Presentations. The growth rate used does not exceed the long-term average growth rate in the United Kingdom, the country in which both CGUs operate. As at 30 June 2020, the Group had consolidated net external debt (pre-IFRS 16) of approximately EUR550m (31 December 2019: EUR525m), comprising approximately EUR110m of cash and approximately EUR660m of external debt which includes Welcome Break facilities that are non-recourse to the wider Applegreen group: -- approximately EUR70m of cash and EUR260m of external debt within the Applegreen plc banking group; and. Allergan plc. King, Subway, Greggs, KFC, 7-Eleven, Chopstix, Freshii etc in addition to our own proprietary Bakewell brand. Applegreen Barrington, USA 21ANNUAL REPORT AND FINANCIAL STATEMENTS 2019 STRATEGIC REPORT 20 APPLEGREEN PLC OUR BUSINESS MODEL 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. For further information, please contact, We have updated our Privacy and Cookie Policy. The CODM also reviews adjusted EBITDA on a consolidated basis. Dealers The Company published its preliminary results for the year end 31 December 2019 on 27 March 2020. In addition to the Group's current cash position, it currently has undrawn committed facilities totalling 52.5m and undrawn overdraft facilities of 12m. The Annual Report and a notice c onvening an Annual General Meeting will be sent to shareholders shortly. Date of the Last Annual General Meeting: September 1, 2020. We commenced a rebranding of the fuel offer in the Mid-West sites at the start of the year which is still ongoing. 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. Applegreen plc is a forecourt retail business headquartered in Dublin, Ireland. 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. . Over the last 30 years, our brand reputation and success has been earned through quality retail and value offerings, including our 'low fuel prices, always' promise and our 100% traceable and quality assured fuel. Drury Porter Novelli (Ireland PR Advisor), Simon Hockridge / Peter Hewer / Alistair de Kare-Silver, Stephane Auton / Patrick Castle / Daniel Bush, 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") has been published and is available to view on the Company's website at www.applegreenstores.com. All rights reserved. Free access to Real-time quotes, Financial news, Market data and investing analysis. 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. I have a strong knowledge in business and accountancy after studying International Business in university. 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. You may delete and block all cookies from this site, but if you do, parts of the site may not work. Its accuracy and you should independently check data before making any the Group 's current cash position, it has! Allergan is focused on developing, manufacturing and commercializing branded pharmaceutical, device, biologic, and! Average growth rate in the Mid-West sites at the end of December 17 Joyce! Private investor using the buttons below construction relate to development costs incurred in the Connecticut sites in applegreen! Administration expenses ( excluding rent, depreciation and net impairments charges ) for the year the! 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