We are also progressing exciting opportunities with new food brand partnerships to commence food operations in the Connecticut sites in 2021. HL accepts no responsibility for its accuracy and you should independently check data before making any . The operating cost base was flexed for reduced demand, rent reductions were negotiated, we availed of government support measures and undertook a number of other actions to protect profitability. : supporting our front-line workers with free fuel to transport patients and blood supplies and food donations to hospital staff and our charity partners. Our finance providers demonstrated their strong support for the business by approving these additional facilities and waiving or relaxing covenant conditions. Peter Hewer / Alistair de Kare-Silver, Stephane Auton / Patrick Castle / Daniel Bush. 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. of an announcement should be directed to the source. 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. London, 22 December 2020 - Blackstone Infrastructure Partners today announced a recommended offer for Applegreen plc. The terms of the financial plan and lease agreement are yet to be finalised and remain subject to final approval. (Loss)/profit from continuing operations attributable to the owners of the Company ('000), Weighted average number of ordinary shares in issue for basic earnings per share ('000). Prudential plc provides life and health insurance and asset management to more than 18 million life . You may delete and block all cookies from this site, but if you do, parts of the site may not work. Free access to Real-time quotes, Financial news, Market data and investing analysis. Diversity, Equity and Inclusion report. Food volumes were resilient with the Burger King drive thru sites in South Carolina maintaining strong food volumes throughout the period. 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 board said it was not recommending the payment of an interim dividend. Applegreen is a major petrol forecourt retailer with operations in the Republic of Ireland, the United Kingdom and the USA. 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 Trading on margin increases the financial risks. The audit process for these results, and in particular the audit of the Welcome Break business, has been delayed by the impact of COVID-19 and it is now expected that the audited accounts will be published shortly during the course of July. : protecting the health and wellbeing of employees has been prioritised at all times. As of mid-2020, the business had grown to over in annual revenue, operating 610 forecourt sites internationally and employing over 15,000 people. Coursework. In 2019 costs relate to business combination acquisition costs and the upgrade of our financial ERP system. The Board expects to be in a position to reinstate dividend distributions in 2021 assuming the continued normalisation of trading activity. 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. We are committed to driving shareholder value by deploying the best operational practices, a cost optimisation focus, coupled with disciplined capital allocation. 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. Applegreen plc is a high growth roadside convenience retail business operating in Ireland, the United Kingdom and North America. 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. Government grants represent the transfers of resources to the Group from governments in the key trading regions in which it operates, on condition that certain criteria relating to the Group's operating activities are met. 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. Applegreen plc, ("Applegreen" or the "Group"), the roadside convenience retailer, reports its unaudited results for the six months ended 30 June 2020. The Group operates a number of service station sites in Ireland, the UK and the USA. 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For the six months ended 30 June 2020, ApplegreenPLC revenues decreased 27% to EUR1.08B. Net debt is adjusted for shareholder loans and IFRS 16. Segment performance measures are revenue and gross profit as included in the internal management reports that are reviewed by the executive directors. Research Paper. Chairman's statement 2020 has been an extraordinarily difficult period for the hospitality industry, which has arguably been more affected by the repercussions of Covid-19 pandemic than almost any other sector. Annual Report 2018 - 2019 View Now Download. 4. Sustainability and TCFD report. Shares in the Applegreen were up 3.0% at 520.00 pence on Tuesday in London. Annual Report 2017 - 2018 Download. 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. 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. Images Courtesy of Getty Images. 4. This information is provided by RNS, the news service of the London Stock Exchange. The growth rate used does not exceed the long-term average growth rate in the United Kingdom, the country in which both CGUs operate. Retail USA - Involves the sale of fuel, food and store within the United States of America. Prudential helps people get the most out of life. -2020 Please work from home. The group recorded a loss of 26 million as against a profit of 7.4 million during the same period in 2019. 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 . Annual Report 2022 E-Book - EN. 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. Call us at 020 7739 2777 or email studio@spinachbranding.com Cash flows used in the value in use assessment are calculated based on management's best estimate of pre-tax cash flow for the CGU for the coming three years and forecasted thereafter over the remaining useful life of the assets in the CGU using a long-term growth rate of 2%. 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. 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. "That scenario sees a significant impact on working capital during April and May with a levelling off in June and improving thereafter. Theyre unwelcome but not unexpected.. Furthermore, Management expectations indicate a comfortable level of headroom over the revised covenants in both the Applegreen and Welcome Break facilities. For further information, please contact, We have updated our Privacy and Cookie Policy. . Calle del Rollo 5 28005 Madrid Espaainfo@multiplestudio.orgBehanceLinkedinInstagramPrivacyCookies. RT 2023. 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. Revenues reflect RetailSales-UK decrease of 32% to EUR548.8M. The Restaurant Group plc Annual Report 2020 03 Overview Strategic report Governance Financial statements. 17 Joyce Way Parkwest Business Park Dublin 12 D12 F2V3 Ireland Headquarters +353 (0)1 512 4800 The fair values of non-current trade and other receivables is equivalent to their carrying value. Given the non-recourse nature of the Welcome Break debt this would not impact on the operations of the wider Applegreen group. The statutory financial statements for the year ended 31 December 2019, extracts of which are included in these Interim Financial Statements, were prepared under IFRS as adopted by the EU. Areas Annual Reports Applegreen Illustration . 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. Dividend distributions in 2021 assuming the continued normalisation of trading activity contact, we have updated Privacy. 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