Fuels and food retailer Applegreen says Brexit will not slow forecourt growth

Applegreen, the forecourt fuels and food retailer, said it sees no reason to curtail expansion plans because of Brexit, as it plans to open up to 50 new sites in Ireland, the UK and the US this year.

The retailer, which came to the market almost two years ago, had 243 sites at the end of December and has opened 12 more outlets since the start of the year.

Its revenue in 2016 of almost €1.18bn was up 8.8% from the previous year. Adjusted earnings before interest, taxation, depreciation and amortisation rose 10.7% to €32m.