LONDON (Alliance News) - Applegreen PLC on Wednesday said trading in the first five months of the year has been in line with expectations despite challenging market conditions in the UK.
In his annual general meeting statement, Chair Daniel Kitchen added: "The legacy Applegreen business is performing strongly year-on-year notwithstanding prior year comparators were negatively impacted by adverse weather events."
The roadside retailer and petrol stations operator said it was "pleased" with trading in Ireland, where market conditions remained good.
In the UK, Kitchen described the performance of recent acquisition Welcome Break as "satisfactory", despite difficult trading due to the ongoing uncertainty surrounding Brexit impacting consumer sentiment. Applegreen said it has successfully integrated the highway rest-stop operator, whose purchase was completed last October, and it continues to make progress on deliverying synergy benefits.
The US business is "performing well", Applegreen said, adding it will continue to "explore new opportunities in this market".
Applegreen shares were trading 2.1% lower at 452.50 pence each.
