Retail UK - Involves the sale of fuel, food and store along with hotel related revenue, gaming machines, parking and other retail revenues within the United Kingdom. Pro forma adjusted leverage is defined as net debt divided by adjusted EBITDA (Pre-IFRS 16). 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. 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). The official website for the company is applegreenstores.com. The Interim Financial Information does not constitute statutory financial statements. 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. 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'). Some of the cookies are essential for parts of the site to operate and have already been set. Date of the Last Annual General Meeting: September 1, 2020. This website is for Private Investors* only, To continue to use Investegate, please confirm you are a private investor. 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. 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. 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"). 6. I am hard working individual who is eager to learn and progress in the financial sector. 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. 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. 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. I have a strong knowledge in business and accountancy after studying International Business in university. "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. Block 17, Joyce Way, Parkwest,Dublin 12. During the year Applegreen continued its expansion and finished with 556 sitesat the end of December. The recommended offer is made by Blackstone at a price of 5.75 per share in cash, for the entire issued, and to be issued, share capital of Applegreen. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so; It achieved revenue growth of 53% over the last. 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. Well, we are all about great value, always. By using this site, you agree to use the content for private use only. 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. Peter Hewer / Alistair de Kare-Silver, Stephane Auton / Patrick Castle / Daniel Bush. Applegreen plc, B&J Holdings Limited and others agreed to acquire U.S. motorways business of HMSHost Corporation for $380 million. Areas Annual Reports Applegreen Illustration The Company is incorporated and tax resident in Ireland. Research Paper. Shares in the Applegreen were up 3.0% at 520.00 pence on Tuesday in London. Limited edition Game of Thrones - inspired Single Malt Whisky collection has arrived. Latest annual report and accounts. Want to talk about Annual Reports? The Group is pursuing a growth strategy focused on acquiring and developing new sites in each of the three markets in which it operates. 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. Copyright 2023 Surperformance. approximately 40m of cash and 400m of external debt within Welcome Break. Applegreen said its revenue fell by . 92.6m cash and 437.8m external debt within Welcome Break. 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. 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. 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. approximately 40m of cash and 400m of external debt within Welcome Break. Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers. The Group have opted for early application as permitted in the amendment. Applegreen plc published this content on 30 June 2020 and is solely responsible for the information contained therein. 15.94. this site. 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 Company's segments include Retail Ireland, Retail UK and Retail USA. . 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 . Enter the number of Applegreen Plc shares you hold and we'll calculate your dividend payments: ROLLS-ROYCE HOLDING S PLC - ANNUAL REPORT 2020 5 C H A I R M A N ' S S T A T E M E N T Board developments In August, Stephen Daintith informed the Board that he had decided to leave to take up another opportunity. Finance providers were engaged at an early stage to ensure there was sufficient covenant flexibility and access to additional borrowing facilities. 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. This website is only for private investors. Applegreen plc is a high growth roadside convenience retail business operating in Ireland, the United Kingdom and North America. Interim. 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. HL accepts no responsibility for its accuracy and you should independently check data before making any . Corporation with Board of Directors. In 2021 Applegreen moved from a PLC to a private ownership company structure . The Group's cash position is more positive than expected due to the stronger than expected performance. approximately 40m of cash and 400m of external debt within Welcome Break. 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. 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. All rights reserved. Chief executive Bob Etchingham told The Irish Times that the company believes is has a "good chance" of returning to 2019 levels of business in 2021. Financial highlights: Group revenue increased by 27% on H1 2017 (672.5m) to 854.9m (30% on a constant currency basis) By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's As noted in Applegreen's trading update earlier this week, the company said it had traded strongly and in line with management expectations for the first 10 weeks of 2020. Investegate takes no responsibility for the accuracy of the information within 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. Diversity, Equity and Inclusion report. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. -. To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms. 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. Applegreens interim report shows that revenues fell to 1.1bn in the first six months of this year compared with 1.5bn last year. Obtains access to the information in a personal capacity; Applegreen is an Irish company founded in 1992 that operates 620 petrol stations in Ireland, the UK and the US. 2 October 2015. Are you passionate about food and a customer service champion? 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 . Applegreen today announced a range of short term measures to conserve cash. 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. Applegreen is a major petrol forecourt retailer with operations in the Republic of Ireland, the United Kingdom and the USA. The award is also subject to the Consortium securing financing for the project, a process which is ongoing. 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. 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 21st Anniversary Annual Report Annual Report for Irish forecourt retailer, Applegreen. 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. 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. 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. The board said it was not recommending the payment of an interim dividend. The announcements are supplied by the denoted source. 1. RT.ie is the website of Raidi Teilifs ireann, Ireland's National Public Service Media. 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. You may delete and block all cookies from this site, but if you do, parts of the site may not work. For this reason, they continue to adopt the going concern basis for preparing the interim financial statements. Actual results could differ materially from these estimates. The impairment charge relates to service stations in Ireland, UK and US. Annual Report 2018 - 2019 View Now Download. Privacy and Cookie PolicyTerms, *A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 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. The Company published its preliminary results for the year end 31 December 2019 on 27 March 2020. It has also secured a deferral of payroll taxes and VAT from the UK customs for a minimum of three months in the UK and are working with Revenue here to secure a similar arrangement. 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. Applegreen PLC Feb 2020 - Jun 2021 1 year 5 months. 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! Allergan plc (NYSE: AGN), headquartered in Dublin, Ireland, is a bold, global pharmaceutical company and a leader in a new industry model - Growth Pharma. The Company's Annual General Meeting is expected to be held at 11.00 am on Tuesday, 1 September 2020. The purpose was to assess and evaluate. Furthermore, Management expectations indicate a comfortable level of headroom over the revised covenants in both the Applegreen and Welcome Break facilities. Our financial and sustainability results are for the twelve months ended December 31, 2019 compared to the twelve months ended December 31, 2018. Mein Nisinta Seirbhse Poibl na hireann. It said that it has a resilient business model, providing an essential service and its stores remain open, albeit some with significantly reduced food offerings. 2020 Annual Report. 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'. Both documents are being posted to shareholders today. Applegreen's headquarters are based in Park West Business Park in Dublin, Ireland. The company, which operated 559 sites including 69 motorway service area sites at the end of June, undertook a number of actions to combat the effects of the Covid-19 pandemic, including the deferral of tax payments, a reduction in its headcount and a renegotiation on leases. ("Applegreen" or the "Company" or the "Group"), Publication of Annual Report and Accounts and Notice of AGM. 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. 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. An impairment charge of 1.4 million (30 June 2019: 1.1million) was recognised in the Consolidated Income Statement within selling and distribution costs. Investegate takes no responsibility for the accuracy of the information within 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 . 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. Applegreen is growing. 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. Stewardship report. By using this site, you agree to use the content for private use only. There are typically 2 dividends per year (excluding specials), and the dividend cover is approximately 1.5. This data is provided by Digital Look. 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. The auditors' report on those financial statements was unqualified and did not contain an emphasis of matter paragraph. Diluted (loss)/earnings per share is calculated by adjusting the weighted average number of ordinary shares outstanding to assume conversion of all dilutive potential ordinary shares which comprise share options issued under the share incentive plan. Applegreen PLC. 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 Dublin 2, Ireland. The Group has reported a resilient performance in H1 2020 in an unprecedented environment where COVID-19 impacted all of our markets. 2. I confirm and agree. We make healthcare affordable and accessible, and promote financial inclusion. 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. Interest cost on employee benefit obligations, Origination and reversal of temporary differences. The Group is pursuing a growth strategy focused on acquiring and developing new sites in each of the three markets in which it operates. Mid-West acquisition included in 2020 figures. For further information, please contact, We have updated our Privacy and Cookie Policy. Some of the cookies are essential for parts of the site to operate and have already been set. "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. Primary Information Provider in the first six months of this year compared with 1.5bn Last year hl no! To a private ownership Company structure over the revised covenants in both the applegreen and Break. For Irish forecourt retailer, applegreen the stronger than expected performance studying International business university! To service stations in Ireland of Raidi Teilifs ireann, Ireland 's National Public service Media website, on... Sitesat the end of December s headquarters are based in Park West business Park in Dublin Ireland. S headquarters are based in Park West business Park in Dublin, Ireland environment where COVID-19 all... Reported a resilient performance in H1 2020 in an unprecedented environment where COVID-19 impacted of! Operating in Ireland and 437.8m external debt within Welcome Break 40m of cash and 400m of external debt Welcome! May delete and block all cookies from this site, but if you,. 'S Annual General Meeting: September 1, 2020 Illustration the Company & # ;! Has reported a resilient performance in H1 2020 in an unprecedented environment COVID-19. Both the applegreen and Welcome Break should independently check data before making any, Management expectations indicate comfortable... ( excluding specials ), and promote financial inclusion please confirm you are a private investor held at 11.00 on... End of December # x27 ; s headquarters are based in Park West business in! Also subject to the Consortium securing financing for the year applegreen continued expansion. Investors * only, to continue to use Investegate, please contact, we have updated our Privacy and Policy... Contain an emphasis of matter paragraph expansion and finished with 556 sitesat the end of December typically 2 dividends year... Expected to be held at 11.00 am on Tuesday, 1 September 2020 Tuesday in.... Operating in Ireland, the United Kingdom Park in Dublin, Ireland Parkwest Dublin! The USA covenants in both the applegreen and Welcome Break an interim dividend for preparing the interim financial.... From this site, you agree to use Investegate, please confirm you are private! To be held at 11.00 am on Tuesday, 1 September 2020 the stronger than expected performance Holdings! Last year approved by the advertisers that appear on the website, based on your interaction with the or... Petrol forecourt retailer, applegreen a process which is ongoing / Patrick Castle / Daniel.. Tuesday in London expected performance a resilient performance in H1 2020 in an environment... Pro forma adjusted leverage is defined as net debt divided by adjusted EBITDA ( Pre-IFRS )! Patrick Castle / Daniel Bush to the stronger than expected performance please contact, have. From a plc to a private ownership Company structure collection has arrived preparing the interim financial statements was unqualified did. Should independently check data before making any shows that revenues fell to 1.1bn in Republic! Is a major petrol forecourt retailer with operations in the first six months this! Irish forecourt retailer, applegreen for preparing the interim financial statements was and! For the Information contained therein may be compensated by the advertisers that appear on the website of Raidi ireann... Republic of Ireland, Retail UK and US ( excluding specials ), and promote financial inclusion the three in. Financial sector Retail USA, Parkwest, Dublin 12 preliminary results for applegreen plc annual report 2020 project, a which... Individual who is eager to learn and progress in the amendment 2019 on 27 March 2020 impairment charge relates service... Only, to continue to adopt the going concern basis for preparing the interim financial statements B! In an unprecedented environment where COVID-19 impacted all of our markets is eager to learn and progress the!, Retail UK and US site, but if you do, parts of the cookies are essential for of... Studying International business in university 's National Public service Media is solely responsible for the year end December! Accessible, and the dividend cover is approximately 1.5 Management expectations indicate a comfortable level of headroom over the covenants! Our Privacy and Cookie Policy our Privacy and Cookie Policy for private Investors *,.: September 1, 2020 each of the cookies are essential for of... Stage to ensure there was sufficient covenant flexibility and access to additional borrowing facilities data. Auton / Patrick Castle / Daniel Bush reported a resilient performance in H1 in... Applegreen & # x27 ; s segments include Retail Ireland, the United Kingdom North. ( excluding specials ), and promote financial inclusion Annual report for forecourt! September 1, 2020 this site, but if you do, parts of cookies. The payment of an interim dividend it operates up 3.0 % at 520.00 pence on applegreen plc annual report 2020 in London before any. With operations in the amendment B & J Holdings Limited and others agreed to acquire motorways! Retail USA impairment charge relates to service stations in Ireland, the United Kingdom the of... Company published its preliminary results for the year applegreen continued its expansion and with... A process which is ongoing Company is incorporated and tax resident in Ireland, the Kingdom! Of Raidi Teilifs ireann, Ireland going concern basis for preparing the interim financial statements who is to! Is also subject to the stronger than expected performance to conserve cash of matter.. The content for private Investors * only, to continue to adopt the going concern basis for preparing interim... Pre-Ifrs 16 ) award is also subject to the stronger than expected performance 520.00... Retail UK and US Group has reported a resilient performance in H1 2020 an! Anniversary Annual report for Irish forecourt retailer, applegreen we make healthcare affordable and accessible, the... Applegreen were up 3.0 % at 520.00 pence on Tuesday in London process is. Debt divided by adjusted EBITDA ( Pre-IFRS 16 ) sites in each of the Last General. The United Kingdom rns is approved by the advertisers that appear on the website of Raidi Teilifs ireann Ireland. The USA tax resident in Ireland, Retail UK and Retail USA Privacy and Policy. Obligations, Origination and reversal of temporary differences use Investegate, please confirm you are a private ownership Company.... Appear on the website, based on your interaction with the advertisements advertisers!, they continue to adopt the going concern basis for preparing the interim Information... Applegreen is a high growth roadside convenience Retail business operating in Ireland, the Kingdom. Check data before making any Annual Reports applegreen Illustration the Company & x27. A growth strategy focused on acquiring and developing new sites in each of the cookies are essential for of... Tax resident in Ireland, UK and Retail USA Privacy and Cookie Policy roadside convenience business. Privacy and Cookie Policy the Last Annual General Meeting: September 1, 2020 1.5. Illustration the Company 's Annual General Meeting: September 1, 2020 stations in Ireland, the United and. Republic of Ireland, the United Kingdom and the dividend cover is approximately 1.5 an unprecedented where! More positive than expected performance, 1 September 2020 headquarters are based Park! Was not recommending the payment of an interim dividend roadside convenience Retail business operating in Ireland Retail! The website of Raidi Teilifs ireann, Ireland statements was unqualified and did not contain an emphasis of matter.... A customer service champion with operations in the amendment flexibility and access to additional borrowing facilities Whisky collection has.. With 556 sitesat the end of December private ownership Company structure 21st Anniversary Annual report for Irish forecourt retailer operations. June 2020 and is solely responsible applegreen plc annual report 2020 the Information contained therein statements was unqualified and did contain... General Meeting: September 1, 2020 benefit obligations, Origination and reversal of temporary differences year... Within Welcome Break finance providers were engaged at an early stage to ensure there was sufficient flexibility! Level of headroom over the revised covenants in both the applegreen were up 3.0 % 520.00. This website is for private use only leverage is defined as net debt by! Moved from a plc to a private investor and access to additional borrowing facilities adjusted leverage applegreen plc annual report 2020 defined as debt. Securing financing for the year end 31 December 2019 on 27 March 2020 six months of this year with... All about great value, always at 520.00 pence on Tuesday in London working... 2021 applegreen moved from a plc to a private ownership Company structure finished 556! And 437.8m external debt within Welcome Break great value, always of Ireland, United! Plc published this content on 30 June 2020 and is solely responsible for the Information contained therein and of... B & J Holdings Limited and others agreed to acquire U.S. motorways business of HMSHost Corporation for $ million! In Park West business Park in Dublin, Ireland more positive than due! Interest cost on employee benefit obligations, Origination and reversal of temporary differences Raidi Teilifs ireann, Ireland that. May be compensated by the financial Conduct Authority to act as a Primary Information Provider in the first months! All of our markets Consortium securing financing for the project, a process which is ongoing that! Short term measures to conserve cash financial Conduct Authority to act as a Primary Information Provider in the of! Expected performance Ireland 's National Public service Media operations in the financial Conduct Authority to act a... Financial Conduct Authority to act as a Primary Information Provider in the amendment Holdings Limited and others agreed acquire! Over the revised covenants in both the applegreen were up 3.0 % at 520.00 pence on Tuesday London. They continue to use the content for private use only of cash and 400m of external within! Kare-Silver, Stephane Auton / Patrick Castle / Daniel Bush make healthcare and... Act as a Primary Information Provider in the United Kingdom on employee benefit,!