Applegreen plc is a major petrol forecourt retailer in the Republic of Ireland with a significant and growing presence in the United Kingdom. From an operational base of 64 sites at the end of 2009, the Group has grown to 152 sites as at 31 December 2014, across the Republic of Ireland (96 sites), United Kingdom (54 sites) and in Long Island, United States (2 sites). Applegreen is the number one motorway service area operator by number of sites in the Republic of Ireland.

Interims Monday 14 Sept

Half yearly report


Financial highlights:

· Strong operating performance with adjusted EBITDA up 42% to €10.7m

· 35% increase in gross profit on H1 2014 (30% in constant currency)

· Group revenue up 16% to €517m

· Net cash position at 30 June 2015 of €11.6m



Operational highlights:

· Successful IPO in June raising (€65.2m) net of expenses in primary capital

· Positive impact from new store openings in 2014, driving sales and profit growth in H1 2015

· Grew estate from 152 sites as at 31 December 2014 to 175 as at 30 June 2015

· Increased food outlets by 18 and launched two new food offers - Chopstix and Greggs

Applegreen schedules FY results
StockMarketWire.com
Applegreen will be announcing its results for the year ended 31 December on 14 March.

At 4:15pm: (LON:APGN) Applegreen Plc share price was 0p at 355p

Final Results Monday 14 March

Final results

Financial highlights:

· Strong operating performance with adjusted EBITDA up 26% to €28.9m

· 30% increase in gross profit on FY 2014 to €125.9m (27% in constant currency)

· Like for like growth in store and food gross profit of 8.9% (6.8% in constant currency)

· Revenue up 15% to €1,081m

· Net debt position at 31 December 2015 of €4.7m



Operational highlights:

· Grew estate to 200 sites as at 31 December 2015 (2014: 152)

· Continued investment in the development of the network with net capex of €58.8m in 2015

· Positive impact from new store openings and rebrands in driving sales and profit growth in FY 2015

· Increased food outlets by 29 and launched two new food offers - Chopstix and Greggs

· Successful IPO in June raising €66.3m in primary capital (net of expenses)

AGM Statement

RNS


RNS Number : 8001Y

Applegreen PLC

20 May 2016




Applegreen plc

AGM Statement

Dublin, London, 20 May 2016: Applegreen plc ('Applegreen' or the 'Group'), a major petrol forecourt retailer in the Republic of Ireland with a growing presence in the United Kingdom is holding its AGM today at 10.00 a.m. at the Clayton Hotel, Merrion Road, Dublin 4.



At the AGM, Daniel Kitchen, Chairman of Applegreen, will make the following statement:



Following another year of strong growth in 2015 I am pleased to report that 2016 has started well both in terms of trading and the development of the business.



Our business in Ireland has enjoyed a positive start with trading volumes up in all categories of the business, particularly food. We continue to enjoy good growth in UK food sales amid a tough competitive landscape. Overall the trading performance of the business for the first four months of the year has been in line with the Board's expectations.



Since 31 December 2015 we have added 17 sites to the estate. In the Republic of Ireland we have opened three new Petrol Filling Stations ('PFS') and two new Service Areas including one which was converted from a former PFS site. We also added six dealer sites. In the UK we have added four new PFS so far in 2016 and two Service Areas. This includes our latest Motorway Service Area in Lisburn, Northern Ireland on the M1, seven miles south of Belfast. Our pipeline of new PFS continues to be strong in both the Republic of Ireland and particularly in the UK.



We have also opened a new PFS in the Long Island region in the North East of the USA and have made good progress developing our presence in that region.



The pipeline of service areas continues to develop in both Ireland and the UK. We have a significant number of prospects in both core markets at various stages of the planning process and are confident of further expanding our businesses in each territory.



We are also pleased to announce an exciting addition to our suite of food offers in the form of Freshii, a Canadian concept, which provides fresh and nutritious meal choices that appeals to people on the go. The first Applegreen Freshii outlet will open in June in our Lusk MSA heading north on the M1 out of Dublin. We are continuing discussions with a number of other potential franchise partners.

In summary, the Board is very satisfied with the progress and performance of the business for the first four months of the year. This gives us confidence in our ability to meet our growth targets for 2016.

Half-year Report

RNS


RNS Number : 0117J

Applegreen PLC

06 September 2016






Applegreen plc

Financial results for the six months ended 30 June, 2016



Dublin, London, 6 September 2016: Applegreen plc ('Applegreen' or 'the Group'), a major petrol forecourt retailer in the Republic of Ireland with growing presence in the United Kingdom and United States, announces its half year results for the six months ended 30 June 2016.



Financial highlights:

· 20.4% increase in gross profit on H1 2015 (22.4% in constant currency)

· Adjusted EBITDA increased by 15.0% from €11.3m in H1 2015 to €13.0m in H1 2016 (24.2% before FX gains and losses)

· Like for like growth in gross profit at constant currency of 5.5% - mainly driven by 13.4% increase in like for like food sales at constant currency

· Revenue up 7.4% to €556.0m

· Net debt position at 30 June 2016 of €24.0m



Operational highlights:

· Robust like for like growth in the Republic of Ireland in particular

· Grew estate from 200 sites as at 31 December 2015 to 220 as at 30 June 2016

· Strong pipeline of new sites particularly in UK

· Lisburn MSA site awarded prestigious NACS Insight 2016 International Convenience Retailer of the Year Award

· Opened 17 new food outlets including the launch of a new food offering - Freshii

· Franchise agreement signed with 7-Eleven which can support our development in the US



Key figures:




30 June 2016

30 June 2015

Change


Gross profit

€68.5m

€56.9m

20.4%


Adjusted EBITDA1

€13.0m

€11.3m2

15.0%


Adjusted PBT1

€8.0m

€5.8m

37.9%




1 Adjusted for share based payments and non-recurring charges

2 In 2015 the H1 Adjusted EBITDA was reported as €10.7m as it was stated before FX gains and losses



Commenting on the results, Bob Etchingham, CEO said: "We are pleased to report another strong set of results reflecting our performance in the first half of 2016. Growth was particularly strong in the Republic of Ireland where our Service Areas and recent upgrades are well positioned to capture the demand from positive consumer sentiment. In the UK, a more competitive environment impacted growth in the early part of the year and while this abated, we also noted a more cautious consumer in advance of the Brexit vote."



"We continued to expand our business in the six months opening two new Service Area sites and adding three petrol filling stations in the Republic of Ireland. We also expanded our network of dealer sites by nine during the period. In the UK, our site numbers increased by seven comprising five petrol filling stations and two Service Areas including our award winning Motorway Service Area on the M1 South of Belfast. We also launched our new Freshii food offer, offering an attractive healthy alternative, and increased the number of our food outlets by 17 across the estate."



"The decision by the UK public to exit the EU took place in late June so had no significant impact on the figures for the six months. Looking to the future, the lower Sterling:Euro exchange rate will obviously impact on our consolidated figures but otherwise it is too early to assess what impact the decision will have on our business."



"Trading since the end of June has been positive and has shown improvement particularly in the UK. Apart from the impact of the weaker Sterling on the translation of our earnings, we expect our full year performance to be in line with expectations

Acquisition
RNS
RNS Number : 2617T
Applegreen PLC
04 January 2017
 
This announcement contains inside information within the meaning of the EU Market Abuse Regulation 596/2014
 
Applegreen plc
("Applegreen" or the "Company)
Proposed acquisition of 50% of Dublin fuel terminal
Dublin, London, 4 January 2017:
Applegreen plc is pleased to announce that it has entered into a conditional agreement to acquire a 50% share in the Joint Fuels Terminal in Dublin port from the Topaz Energy Group for a consideration of c.€15.7m which will be funded from existing resources. The acquisition is subject to the satisfaction of a number of conditions including the approval of the Competition and Consumer Protection Commission. The transaction is expected to complete in Q1 2017.
The Joint Fuels Terminal, which is 50% owned by Valero Energy (Ireland) Limited, is one of three fuel importing facilities in Dublin port. The interest being acquired was previously owned by Esso Ireland. The proposed acquisition provides Applegreen with the facility to import fuel directly from refineries thereby securing a strategically valuable platform that provides a competitive supply for the majority of its Irish fuel requirements.
This acquisition, if it completes, is expected to be earnings accretive from 2017.

AGM Statement and Result of AGM
RNS
RNS Number : 4151G
Applegreen PLC
30 May 2017
 
Applegreen plc
AGM Statement and Result of AGM
Applegreen plc ('Applegreen' or the 'Group'), a major petrol forecourt retailer in the Republic of Ireland with a growing presence in the United Kingdom, provided the following update at its Annual General Meeting held yesterday:
 
"Applegreen had a positive start to the 2017 financial year both in terms of trading and the development of the business.
 
Our business in Ireland is delivering strong growth in non-fuel sales in particular while fuel margin experience has been in line with 2016. We continue to enjoy good growth in UK food sales as we expand our branded food offering. Overall the trading performance of the business for the first four months of the year has been in line with the Board's expectations.
 
Since 31 December 2016 we have added 16 sites to the estate.
 
In the Republic of Ireland we have added four new Petrol Filling Stations ('PFS'), one new Service Area and five dealer sites. In the UK we have opened three new PFS as well as our latest Motorway Service Area in Lisburn, Northern Ireland. Our pipeline of new PFS continues to be strong in both the Republic of Ireland and the UK.
 
We have also opened two new PFS sites in the New England area of the USA and have made very good progress in generating further opportunities to grow in that region. We have added to our management team to cater for the growth planned in that region.
 
We completed six rebrands/ upgrades so far this year including two former PFS sites in Great Britain that we upgraded to Trunk Road Service Areas.
 
The pipeline of Service Areas continues to develop in both Ireland and the UK. We have a significant number of prospects in both core markets at various stages of the planning process and are confident of further expanding our businesses in each territory.
Subject to shareholder approval, we intend to pay a maiden dividend of 1.25c per share in June 2017. We committed to a prudent dividend policy at the time of our IPO and our financial performance since then warrants this move to deliver further shareholder value
In summary, the Board is very satisfied with the progress and performance of the business for the first four months of the year. This gives us confidence in our ability to meet our growth targets for 2017."
All of the resolutions proposed at the Annual General Meeting were duly passed.

A buy in IC this week.

Acquisition of majority stake of welcome break

The "Welcome-Break" deal looks very sensible, so I wonder why W-B wants to sell? Did APGN pay too much, perhaps? - we'll have to wait for the Market's reaction following the next set of accounts.

Whilst motorways aren't going to close for a while, yet, the move to electric is a concern, so that more break-points may be needed ( between Services ), so it's possible these may be what W-B is going to use the money for. If your elec-vehicle needs an hour to charge, that puts you in a cash-extraction position for both the "electric" and the seating/entertainment - they can adjust the charge-rate to maximise profits.
Did APGN not see this possibility?
Digging up the parking-spaces to install electric-points will be very difficult for existing sites. For NEW developments, I see a ride-on tram as a solution; this can also carry the electric to the cars along a very-long parking area.

Of course what EV's need is a standardised "Battery-Pack" - but that opportunity appears to have been missed, as Mfrs chase new tech to maximise mileage.... quite forgetting that 50 miles is NOT enough to get you on holiday.

APGN is too expensive for me, at this time.
I note the stock is suspended, DYOR, hopefully this is just a technical matter and will resume ASAP

i have a fairly modest holding of these in my sipp, where they have done very little
i bought on a good analysis in Quantum Leap and the guy has a good record for picking winners
this deal with WB could prove very good indeed, but only time will tell

Applegreen raises €175m for Welcome Break acquisition
StockMarketWire.com
Petrol forecourt retailer Applegreen returned from suspension and said it had raised €175m (£156m) via a share placement to part fund its acquisition of a controlling stake in UK motorway service operator Welcome Break.

New shares in the company were issued at €6.08 (543 pence) each.

Applegreen in August announced it had agreed to acquire a 55% stake in Welcome Break from NIBC European Infrastructure for €361.8m.

'This acquisition is transformational for our company in the strategically important UK market and we look forward to completion at the end of October,' chief executive Bob Etchingham said.

'Building a wide and high quality investor base in parallel with expanding our business across chosen markets are core objectives and this transaction and associated equity raise significantly advances that strategy.'



At 12:55pm: (LON:APGN) Applegreen Plc share price was +47p at 585p


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per #15 :-)

:-))