Applegreen lays off 4,800 as it reports 50% jump in revenue

Forecourt retailer introduces recruitment freeze, slashes capital expenditure and decides not to pay dividend as Covid-19 hits demand

27th March, 2020
Applegreen lays off 4,800 as it reports 50% jump in revenue
Applegreen chief executive Bob Etchingham and commercial director Joe Barrett. In addition to laying workers off, Applegreen has introduced a recruitment freeze and slashed its capital expenditure for the year. Picture: Jason Clarke

Applegreen has temporarily slashed its workforce by more than 4,800 across Britain and Ireland as it grapples with the impact of the Covid-19 pandemic.

The Irish Forecourt retailer reported a 53 per cent jump in full-year revenue to €3.1 billion in 2019. Group adjusted earnings before interest, taxation, depreciation and amortisation (Ebitda) soared by 141 per cent to €140.4 million.

The company recorded gross profit of €572.1 million – more than double the 2018 figure – while its adjusted...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Blair meets Martin about vaccines boost for developing countries

Tony O’Brien: Johnson’s Covid dossier of disaster proves it really does matter who is in charge

The Delta dilemma: are we headed for a gentle fourth wave, or a ‘let it rip’ tide?

Schools to be issued with thousands of carbon dioxide monitors