Wednesday August 12, 2020

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 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!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

Rapid announcements followed by long implementation periods may have been acceptable at the start of the crisis, but five months on, there is no excuse for this type of tardiness

Ian Talbot | 3 days ago

As every other player in society swiftly rose to the challenge of beating Covid-19, those leading the schools system dithered dangerously – and are still dithering

Tony O'Brien | 3 days ago

Industry group says robust protocols in place at all facilities in line with HSE guidance

Aaron Rogan | 3 days ago