StockMarketWire.com - Roadside retailer Applegreen said trading in the first five months of year had been in line with expectations despite the impact of Brexit uncertainty on its welcome break segment.

The legacy Applegreen business was performing 'strongly' year on year notwithstanding prior year comparators were negatively impacted by adverse weather events, the company said, adding that it was 'pleased' with the performance of the business in Ireland where trading conditions remained good.

In the UK, the performance of Welcome Break had been 'satisfactory' despite more challenging trading conditions in 2019 as ongoing uncertainty surrounding Brexit continued to impact consumer sentiment.

'The management team has successfully integrated this business and we continue to progress with the delivery of synergy benefits. The US business is performing well and we continue to explore new opportunities in this market,' the company added.

The Group added a total of nine sites to the portfolio since 31 December 2018. Six new sites were added in the Republic of Ireland and three new sites in the UK, with two further sites converted in the US to 7-Eleven convenience stores.


At 9:17am: [LON:APGN] Applegreen Plc share price was -4p at 458p



Story provided by StockMarketWire.com