Applegreen Share Price (APGN)

https://www.bbc.co.uk/news/uk-northern-ireland-49762370

A further rise here today. Has anyone any idea what’s going on.

Quite a rash of buying here today. Does anyone know what,s going on ?

Well we’re back on the road, at last. Onwards and upwards !

Petrol Station business Aapplegreen has seen its gross profit jump 33pc year on year to 109m euro in the six months to 30 June.

Revenue at the group increased 27pc to 854.9m euro, the group said in a trading update. On a constant currency basis revenue increased 30% year on year.

Meanwhile AEBITDA increased by 17% to 19.4m.

During the six month period the group saw like for like growth of 3.5% in non fuel gross profit.

Capital expenditure during the period was 30.3m euro, while the groups net debt position declined slightly to 9.1m at June 30 from 10.2 m at 31 December 2017.

Applegreen opened 14 new food outlets in the six month period to bring its total to 274 outlets.

“ our financial performance for the first six months of 2018 has beeen robust notwithstanding the difficult trading conditions caused by the exceptional weather in March , especially in our Irish business said Bob Etchingham CEO

In August Applegreen announcedthat it is to acquire a majority stake in UK motorway services area operator Welcome Break for 362m euro.

Welcome Break portfolio consists of 24 motorway service areas, two trunk road service areas as well as 29 hotels across 29 hotels across 35 locations in the UK.