'Confident' Applegreen reports rise in revenue

Applegreen has reported a rise in group revenue of 27% to €855m for the first six months of the year to the end of June.

'Confident' Applegreen reports rise in revenue

Applegreen has reported a rise in group revenue of 27% to €855m for the first six months of the year to the end of June.

The fuel and forecourt retailer's adjusted pre-tax profit was unchanged from 2017 at just over €10m, with like-for-like growth of 3.5% in non-fuel gross profit.

Applegreen recently entered into an arrangement that would see it holding a majority stake in UK motorway service area operator, Welcome Break.

Bob Etchingham, CEO of Applegreen said: "The business continued to expand in each of our three markets as we increased our estate by 26 sites to a total of 368 locations trading at the end of the period.

"We opened seven new sites in the Republic of Ireland, 15 in the UK and four in the US in H1 2018.

"Our financial performance for the first six months has been robust, notwithstanding the difficult trading conditions caused by the exceptional weather in March, especially in our Irish business.

"Apart from the impact of this one-off event, the underlying business continues to perform well and we remain confident in the prospects for the business in 2018."

more courts articles

Man (25) in court charged with murdering his father and attempted murder of mother Man (25) in court charged with murdering his father and attempted murder of mother
Man appears in court charged with false imprisonment of woman in van Man appears in court charged with false imprisonment of woman in van
Man in court over alleged false imprisonment of woman Man in court over alleged false imprisonment of woman

More in this section

FILE PHOTO The Competition and Consumer Protection Commission has cleared the purchase of Goodbody Stockbrokers by AIB END Goodbody Stockbrokers fined over €1.2m by Central Bank over rules breaches
Nottingham City Centre Stock Irish staff at the Body Shop wait for wages as retailer shuts stores in the Republic
Ryanair comments on Norwegian Ryanair boss O'Leary's spat with Transport Minister over Dublin Airport escalates
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
ie logo
Puzzles Logo

Play digital puzzles like crosswords, sudoku and a variety of word games including the popular Word Wheel

Lunchtime News
Newsletter

Keep up with the stories of the day with our lunchtime news wrap.

Sign up
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited