EG Group says it remains committed to growth after a year in which it continued to offload international businesses to pay down debts and focus on the USA, its core market.
In a trading update for 2025, the forecourts and foodservice giant said underlying EBITDA was down 1% at $942 million (£698 million). It does not reveal revenues, although a series of divestments have meant the company is considerably smaller than three years ago.
The update comes a day after EG Group – founded in Blackburn but now headquartered in Charlotte, North Carolina – announced that it intends to sell its French forecourt interests to EG On The Move, the firm run by co-founder Zuber Issa, who remains a director of EG Group.
Blackburn-based EG On The Move will inherit about 260 sites in the first overseas expansion for the UK start-up.
EG Group, which is 50% owned by TDR Capital, divested its Italian interests late last year for $480 million, as well as its French fuel wholesale business, and is in the process of selling its Australian operation, with that move due to complete by June.
However, it still has petrol retailing businesses in Germany and the Benelux countries, as well as in the UK foodservice sector, although it sold its Cooplands bakery business last year.
Russ Colaco, who replaced Zuber Issa’s brother and co-founder Mohsin as CEO in April, says EG Group has “continued to deliver against the strategic ambitions we set out 18 months ago”, and that the business has “confidence in our ability to harness growth opportunities in the coming year”.
