Industry & Business

Applegreen’s revenues rose by 15 per cent in 2015

Applegreen’s revenues rose by 15 per cent in 2015

Applegreen’s revenues rose by 15 per cent in 2015
March 14
12:00 2016

Applegreen’s revenues rose by 15 per cent to €1 billion in 2015, the fuel forecourt retailer said on Monday, with earnings before interest, tax, depreciation and amortisation of €28.9m – a 26% rise year on year.

In its first year listed on the Irish stock exchange the company saw a 30% increase in gross profit on 2014 to €125.9m.

Applegreen saw its revenues rise 15% to €1.08bn as like-for-like sales improved by 8.9%, and it increased the number of sites it operated.

Commenting on the results Bob Etchingham, CEO of Applegreen said that performance was driven by new site openings in both the latter part of 2014 and early 2015 as well as the increased contribution from food driven by its upgrade and rebranding programme.

“We have had a positive start to 2016, adding four service area sites and seven petrol filling stations to the estate and we continue to see good opportunities for green field and bolt-on expansion. Consumer sentiment is strong in both our key markets, particularly the Republic of Ireland, and we are confident that our distinctive retail offering in the forecourt sector will continue to deliver growth through 2016.”

Applegreen had 200 sites across Ireland and the UK by the end of last year – a rise of almost a quarter on the 2014 figure of 152.

The business employs around 2,900 people across Ireland, the UK, and the US.

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