Republic of Ireland petrol forecourt retailer Applegreen is continuing to grow its presence in the UK.
News of its continued growth came with the announcement of adjusted EBITDA up 11% from €28.8m (£25.2m) to €32m in the year to the end of December, or up 14% on a constant currency basis.
Revenue rose 9% to €1.178bn and like-for-like growth in non-fuel gross profit was 9% at constant currency.
Applegreen’s added 43 sites to its business last year - including 15 in the UK and six in the US - to take its total to 243.
It opened 32 new food outlets, including the launch of a new food offering, Freshii, in Ireland at a site in Lusk, Dublin, and another 12 sites since the start of this year.
It also has partnerships with Burger King, Subway, Greggs, Costa Coffee, Chopstix, Lavazza and 7-Eleven as well as its own food offer.
Bob Etchingham, chief executive, said the food and store sales were particularly strong in Ireland during the year while the UK had a good performance in the second six months.
But the UK’s decision to exit the European Union has resulted in a weaker sterling which had impacted on the consolidated euro results for the company.
“The UK has also begun the year positively and whilst mindful of the uncertainties created by the Brexit process we expect to continue to grow our operations during the year.” Etchingham said.
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