applegreen plc annual report 2020applegreen plc annual report 2020

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. . To help mitigate some of this impact, the Group took swift and decisive action to protect profitability and protect cash. NAV, EMM/EPT, Rule 8 and FRN Variable The safe and convenient way for your business to pay for fuel if you use at least 500L/month. Drury Porter Novelli (Ireland PR Adviser). 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. 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. 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. The Group has availed of a number of schemes year to date, including but not limited to, the Temporary Wage Subsidy Scheme and Tax Debt Warehousing Scheme (Ireland), the Coronavirus Job Retention Scheme (UK) and Payroll Tax Deferral (US). -2021 You NEED to come back to the office . Images Courtesy of Getty Images. 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. 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. We have now established a large Petrol Filling Station (PFS) footprint in the US and our aim is to expand our presence as a recognised operator of large Service Area sites on strategic road networks in that market. Please note, this site uses cookies. For further information, please contact, We have updated our Privacy and Cookie Policy. Applegreen is one of the main Irish fuel distributors. 27/02/2023. Increase your profits and maximise your potential by joining the leading Irish forecourt retailer with an already established and trusted consumer brand. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy Privacy and Cookie PolicyTerms, *A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: Transparency International Ireland calls for family concerns around Garda Misconduct Review to be addressed. 1. To get access to the full report and learn more about CreditRiskMonitor's robust financial risk analysis and timely news service, request a personalized demo and free trial today. 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The board said it was not recommending the payment of an interim dividend. 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. From there, under the stewardship of Chairman Bob Etchingham and CEO Joe Barrett, Applegreen expanded in Ireland, growing year on year. The key financial terms used by the Group in this report are as follows: EBITDA is defined as earnings before interest, tax, depreciation, amortisation and impairment charges. Mr Etchingham noted that the US is the area where a lot of growth will come from in the next two or three years. right to publish a filtered set of announcements. As of April 2022, the business operates 620 forecourt sites and employs circa 15,000 people across Ireland, UK and America. market had more limited lockdown restrictions imposed during the period and performed impressively, benefitting from strong fuel margins across the US states. Holy Cross, Waterford. The remaining amounts relate to several other developments across all regions. Man Group PLC : Form 8.3 . 2023 FE fundinfo. 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. Applegreen PLC. To this day, Applegreen is still under the guardianship of Bob and Joe and supported by our dedicated team in our headquarters in Dublin. The acquisition is conditional on gaining at least 75% in. The official website for the company is applegreenstores.com. Worked with the EPA's Financial Provision Unit, personally preparing financial strength assessments for 105 million of parental company guarantees for 16 companies. View D&B Scores & Ratings Similar Companies Nearby PPT Presentation. 5. Our finance providers demonstrated their strong support for the business by approving these additional facilities and waiving or relaxing covenant conditions. We are also progressing exciting opportunities with new food brand partnerships to commence food operations in the Connecticut sites in 2021. Diversity, Equity and Inclusion report. (Loss)/earnings per share from continuing operations attributable to the owners of the parent company during the year, UNAUDITED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME, Items that may be reclassified to profit or loss, Currency translation differences on foreign operations, Net other comprehensive expense that may be reclassified to profit or loss for the period, net of tax, Items that will not be reclassified to profit or loss, Remeasurements of post-employment benefit obligations, Income tax in relation to remeasurements of post-employment benefit obligations, Net other comprehensive expense that will not be reclassified to profit or loss in subsequent periods, Other comprehensive loss for the period, net of tax, Total comprehensive (expense)/income for the period. The Company's Annual General Meeting will be held at 11.00 am on Wednesday, 6 . Calle del Rollo 5 28005 Madrid Espaainfo@multiplestudio.orgBehanceLinkedinInstagramPrivacyCookies. The CODM monitors Revenue and Gross Profit of segments separately in order to allocate resources between segments and to assess performance. Rate Fix announcements are filtered from this site. 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. RT is not responsible for the content of external internet sites. this site. The Annual Report and a notice c onvening an Annual General Meeting will be sent to shareholders shortly. Applegreen PLC Feb 2020 - Jun 2021 1 year 5 months. Applegreen is a major petrol forecourt retailer with operations in the Republic of Ireland, the United Kingdom and the USA. -. "Therefore, we are positive about navigating the company through this crisis and building our business for the long term," he added. The impairment charge relates to service stations in Ireland, UK and US. Address Applegreen plc. APPLEGREEN (trading name, 2019-10-03 - 2024-10-03) BURGER KING OF BARRINGTON (trading name, 2019-10-03 - 2024-10-03) Agent Name CORPORATION SERVICE COMPANY Agent Address 10 Ferry Street Suite 313, Concord, NH, 03301, USA Directors / Officers CORPORATION SERVICE COMPANY, agent Elizabeth Pierce, president Elizabeth Pierce, director Registry Page All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. These measures are used to monitor performance as management believes that such information is the most relevant in evaluating the results of certain segments relative to other entities that operate within these industries. 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 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. A YEAR OF GROWTH Revenue Non-Fuel Gross Profit. Finance providers were engaged at an early stage to ensure there was sufficient covenant flexibility and access to additional borrowing facilities. 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). 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. approximately 40m of cash and 400m of external debt within Welcome Break. The impact of COVID-19 on short term trading performance was considered a potential indicator of impairment. The board considers the business from both a geographic and product perspective. We commenced a rebranding of the fuel offer in the Mid-West sites at the start of the year which is still ongoing. All rights reserved. 17 Joyce Way Parkwest Business Park Dublin 12 D12 F2V3 Ireland Headquarters +353 (0)1 512 4800 Adjusted profit after tax and non-controlling interest. For the six months ended 30 June 2020, ApplegreenPLC revenues decreased 27% to EUR1.08B. 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. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 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 Company published its preliminary results for the year end 31 December 2019 on 27 March 2020. HL accepts no responsibility for its accuracy and you should independently check data before making any . The previous Applegreen Plc dividend was 0.66 and it went ex over 3 years ago and it was paid over 3 years ago . Changes in lease payments that arise from such rent concessions have been recognised in the Unaudited Consolidated Income Statement. In 2021 Applegreen moved from a PLC to a private ownership company structure in . 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. 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. Furthermore, Management expectations indicate a comfortable level of headroom over the revised covenants in both the Applegreen and Welcome Break facilities. Mein Nisinta Seirbhse Poibl na hireann. Results & Presentations. Applegreen's headquarters are based in Park West Business Park in Dublin, Ireland. The Group is pursuing a growth strategy focused on acquiring and developing new sites in each of the three markets in which it operates. For more related info, FAQs and issues please refer to DearFlip WordPress Flipbook Plugin Help documentation. County Louth, Ireland Barmaid . Want to talk about Annual Reports? Applegreen is a major petrol forecourt retailer with operations in the Republic of Ireland, the United Kingdom and the USA. 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; 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. Goodwill arising on business combinations is not amortised but is reviewed for impairment on an annual basis, or more frequently if there are indications that goodwill may be impaired. This website is for Private Investors* only, To continue to use Investegate, please confirm you are a private investor. 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 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'. Half-yearly report 2021. 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's cash position is more positive than expected due to the stronger than expected performance. The Board expects to be in a position to reinstate dividend distributions in 2021 assuming the continued normalisation of trading activity. 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. 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. DONATE Support those who speak up Applegreen is an Irish company founded in 1992 that operates 620 petrol stations in Ireland, the UK and the US. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so; Annual Report 2021. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. . Drury Porter Novelli (Ireland PR Advisor), Simon Hockridge / Free access to Real-time quotes, Financial news, Market data and investing analysis. No impairments were identified in 2019. that it is part of Empire State Thruway Partners which has been awarded and signed a conditional 33 year lease for the design, construction, financing, operation and maintenance of the 27 motorway service areas on the New York State Thruway. 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. Phone: +353 15124800. Trade and operations of the Group were severely impacted from mid-March as governments and customers took increasing measures to contain the spread of the COVID-19 virus. The CODM has been identified as the Board of Executive Directors. 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. Are you passionate about food and a customer service champion? King, Subway, Greggs, KFC, 7-Eleven, Chopstix, Freshii etc in addition to our own proprietary Bakewell brand. To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms. The management team has a strong track record of delivery and the talent pipeline will underpin our expansion in the three markets. 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. This information is provided by RNS, the news service of the London Stock Exchange. 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. The strength of this business is its focus on science-led innovations which underpin products catering to consumers from infant through to the elderly. Net debt is adjusted for shareholder loans and IFRS 16. Administration expenses (excluding share-based payment expense, non-recurring costs and depreciation) increased by 0.9m to support the growing estate. approximately 40m of cash and 400m of external debt within Welcome Break. Fuel forecourt and service station operator Applegreen has reported higher profits and revenues for the year to the end of December. approximately 40m of cash and 400m of external debt within Welcome Break. MSA sites are strategic infrastructure assets that have high barriers to entry due to long development lead times and government legislation. It said the outlook for the rest of the year was clouded by potential additional public health measures. 10.68. Annual Report for Irish forecourt retailer. Some of the cookies are essential for parts of the site to operate and have already been set. LOGIN. Investegate reserves the The group said it traded strongly and in line with management expectations for the first 10 weeks of 2020. He added, however, that "everything you say has to come with a health warning". To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms. Changes in lease payments that arise from such rent concessions have been recognised the! Our Privacy and Cookie Policy Etchingham and CEO Joe Barrett, applegreen expanded in Ireland, year! Infrastructure assets that have high barriers to entry due to the elderly king,,... Which the grants are intended to compensate and in line with management expectations for the first 10 weeks of.... Us states commence food operations in the Unaudited Consolidated Income Statement, we have updated our Privacy Cookie. For the first 10 weeks of 2020 CEO Joe Barrett, applegreen expanded in Ireland, growing year year! 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