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Applegreen

November 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • APGN
  • Price:
  • 310p
Applegreen, the petrol station and motorway service area retailer, reported revenue declining only 27% to €1.1bn in the six months ended 30 June. That included 57% year-on-year declines in April during the lockdown’s peak. Adjusted EBITDA was €25.3m, down from €58.9m in FY’19. Strong cash management, alongside Government help meant net debt only increased from €525m to €550m (5.2x net debt / EBITDA).Worst affected was the large Welcome Break estate, due to a heavy reduction in motorway traffic and the closure of most of its branded food offers between 23 March and mid-May.However, Excluding Welcome Break it actually grew EBITDA 11% like-for-like to €26.5m, aided by its geographic spre ...

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Related Articles

Applegreen - Cash offer of €5.75 a share (January 2021)
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Applegreen - Welcome Break deal shifts focus towards convenience retail and food services (July 2020)
Applegreen (November 2019)
Applegreen (September 2019)
Applegreen - Service station group makes transformational Welcome Break acquisition (May 2019)
Applegreen (June 2018)
Applegreen - Irish petrol retailer expanding rapidly into UK and US (November 2017)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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