Euro Garages turnover was up 26% to £816m for the year to July 31, according to accounts just filed at Companies House, and pre-tax profit more than doubled to £34.8m compared with £15.3m the previous year.
Early in the year covered by the accounts, Euro Garages completed the acquisition of a tranche of 48 Esso sites, but they do not cover the contribution made by the 68 Shell sites and the final tranche of 104 Esso sites, which were taken over later in 2015.
Like-for-like shop sales grew by 1.1%, like-for-like fast food sales were up 5% and like-for-like fuel volumes increased by 2.1%. In its strategic report it said: “Non-fuel sales increased from £106m to £141m, an increase of 33%, as the company continues to diversify away from being just a fuel retailer.”
Zuber Issa, chief executive of Euro Garages, said: “Thanks to another strong year of trading at Euro Garages, we have consolidated our position as one of the UK’s top independent petrol forecourt operators. The financial performance is testament to our commitment to an effective growth strategy that supports investment in sites, people and systems.
“During 2015 we further enhanced our national footprint by leveraging our strong relationships with leading fuel brands and through this process have doubled our branded forecourt estate, while also agreeing new long-term finance agreements with our lenders and investors, who remain fully on board with our growth strategy.
“As we look ahead in 2016, our priorities include integrating the new sites and completing an extensive investment programme to improve the existing convenience offer. We will also continue to assess opportunities and acquire sites across the UK to bring our market-leading offer to even more people.
“Our partnerships with the UK’s leading fuel and convenience brands, alongside our commitment to investing in our portfolio, will ensure we continue to increase our market share.”