Autogrill in figures

Group's financial highlights*

Summary income statement(9)

Change
Full Year2016% of revenueFull Year 2015% of revenue2015At constant exchange rates
Revenue  4,519.1 100.0%  4,336.3 100.0% 4.2% 4.6%
Other operating income 123.6 2.7% 123.7 2.9% -0.1% 0.2%
Total revenue and other operating income 4,642.6 102.7% 4,460.1 102.9% 4.1% 4.5%
Raw materials, supplies and goods (1,410.3) 31.2% (1,379.0) 31.8% 2.3% 2.6%
Personnel expense (1,495.7) 33.1% (1,423.9) 32.8% 5.0% 5.4%
Leases, rentals, concessions and royalties (796.1) 17.6% (751.4) 17.3% 6.0% 6.4%
Other operating expense (543.5) 12.0% (532.3) 12.3% 2.1% 2.5%
Gain on operating activity disposal 14.7 0.3% - - - -
EBITDA 411.6 9.1% 373.5 8.6% 10.2% 10.5%
Depreciation, amortisation and impairment losses (210.6) 4.7% (221.6) 5.1% -5.0% -4.6%
EBIT 201.0 4.4% 151.9 3.5% 32.3% 32.5%
Net financial expense (31.6) 0.7% (37.6) 0.9% -16.0% -16.1%
Income (expenses) from investments 0.9 0.0% (1.0) 0.0% n.s. n.s.
Pre-tax profit 170.3 3.8% 113.3 2.6% 50.3% 50.6%
Income tax (54.6) 1.2% (34.5) 0.8% 58.1% 57.7%
Result from continuing operations 115.8 2.6% 78.8 1.8% 46.9% 47.4%
Result from discontinued operations (1.2) 0.0% (0.3) 0.0% 368.0% 368.0%
Result attributable to: 114.5 2.5% 78.5 1.8% 45.8% 46.3%
 - owners of the parent 98.2 2.2% 64.2 1.5% 53.1% 53.9%
 - non-controlling interests 16.3 0.4% 14.4 0.3% 13.2% 13.0%
   

*“Revenue” and “Raw materials, supplies and goods” differ from the amounts shown in the consolidated income statement primarily because they do not include revenue and costs from fuel sales, the net amount of which is classified as “Other operating income” in accordance with management’s protocol for the analysis of Group figures. This revenue came to € 421.9m in 2016 (€ 469.6m in 2015) and the cost to € 399.1m (€ 447.9m the previous year).

(€m)Full Year 2015 Full Year 2014Annual variation
2014at costant exchange rates
Revenue* 4,369.2 3,930.2 11.2% 2.0%
EBITDA 376.2 316.2 19.0% 6.0%
Ebitda margin
8.6% 8.0%    
EBIT 151.9 118.6 28.1% 9.4%
Ebit margin 3.5% 3.0%    
Profit attributable to the owners of the parent 64.2 25.1 155.5% 99.1%
Earnings per share (€ cents)      
- basic 25.3 9.9    
- diluted 25.3 9.9    
Net cash flows from operating activities 297.2 209.1    
Free operating cash flows 101.5 51.8
Net investment 211.6 196.4 7.7% -0.8%
% of net sales 4.8% 5.0%    

(9) "Revenues” differ from the value recognized in the Group’s consolidated income statement as the item does not include, mainly, revenues from the sale of fuels, whose net value was classified under “Other operating income”, consistently with the criteria adopted by the Top Management for the analysis of the Group’s results. In 2015, these revenues amounted to 469.6 million (531.2 million in 2014 in absolute values).

Table for the determination of the economic value

(€k)20162015
     
Economic value generated by the Group 5,048,903 4,894,113
Revenues and other operating proceeds 5,041,734 4,907,933
Financial revenues 1,344 1,858
Value adjustments of financial activities*** 14,290 (1,266)
Bad debt (2,322) (1,691)
Impairment loss of tangible and intangible assets (6,143) (12,721)
     
Distributed economic value 4,764,126 4,631,589
Re-classified operating costs 3,115,067 3,07,.255
Employee salaries and wages 1,478,924 1,408,034
Compensation due to Shareholders and lenders** 85,654 84,369
Compensation due to public administration 80,580 59,700
Gifts and donations 3,902 4,232
     
Economic value retained by the Group 284,777 262,524
Amortization 204,423 208,861
Allocations 18,582 20,035
Reserves 61,772 33,627

* Includes also the result from discontinued operations.

** Shareholders’ return reflects the share of profit for the year that will be paid out as dividend, according to the proposal made by the Board of Directors to the Shareholders’ Meeting.

Cost of personnel

(€k)20162015
Wages and salaries 1,168,313 1,105,247
Social security contribution 184,582 184,078
Employees benefits 30,322 28,846
Other costs 112,531 105,705
Total 1,495,748 1,423,876

Purchase of goods

(€k)North AmericaEuropeInternationalGroup
2016 - Total 603,999 1,101,156 104,296 1,809,451
Catering services 546,478 276,917 98,878 922,273
Retail 43,167 433,916 5,418 482,502
Other 14,354 390,322 - 404,676
2015 - Total 576,217 1,165,935 84,731 1,826,884
Catering services 522,452 276,228 79,873 878,553
Retail 39,517 451,486 4,858 495,861
Other 14,248 438,222 - 452,469
 

Fees and royalties

(€k)North AmericaEuropeInternationalGroup
2016 - Total 415,442 277,096 103,596 796,134
Leases, rentals and concessions 324,257 265,007 93,785 683,049
Royalties 91,186 12,089 9,811 113,085
2015 - Total 390,311 278,280 82,794 751,385
Leases, rentals and concessions 303,987 266,373 75,852 646,211
Royalties 86,324 11,907 6,942 105,174

Cost for energy and water

(k€)North AmericaEuropeInternationalGroup
2016 33,697 51,643 6,345 91,685
% 37% 56% 7% 100%
2015 32,470 54,717 3,711 90,899
% 36% 60% 4% 100%

d

  

*2015 data has been restated in order to reflect the transfer of the operating activities on the Dutch highway.

Group's social data (10)

Type of contract

2016 North AmericaEuropeInternational Total
WomenMenWomenMenWomenMenWomenMen
                 
                 
Permanent contract                
Part-time 4,112 2,545 6,139 1,988 824 516 11,075 5,049
Full-time 14,826 9,882 3,716 3,586 1,356 1,463 19,898 14,931
Sub total 18,938 12,427 9,855 5,574 2,180 1,979 30,973 19,980
                 
Temporary contract*                
Part-time     939 761 1,199 658 2,138 1,419
Full-time     208 215 836 1,336 1,044 1,551
Sub total 0 0 1,147 976 2,035 1,994 3,182 2,970
                 
Total 18,938 12,427 11,002 6,550 4,215 3,973 34,155 22,950
  31,365  17,552  8,188  57,105 
 

*Temporary contract is not applicable to North America because workers in this area are classified pursuant to the currently applicable legislation (“At-will employment”). This legislation envisages that either party can terminate the employment contract at any time without any liability of either party.

2015North AmericaEuropeInternationalTotal
WomenMenWomenMenWomenMenWomenMen
                 
Permanent contract                
   Part time 14,601 9,652 6,628 2,162 844 450 22,073 12,264
   Full time 4,367 2,540 4,197 3,833 902 968 9,466 7,341
Subtotal 18,968 12,192 10,825 5,995 1,746 1,418 31,539 19,605
                 
Temporary contract*                
   Part time n.a. n.a. 1,136 795 781 473 1,917 1,268
   Full time n.a. n.a. 278 359 788 1,525 1,066 1,884
Subtotal n.a. n.a. 1,414 1,154 1,569 1,998 2,983 3,152
                 
Total 18,968 12,192 12,239 7,149 3,315 3,416 34,522 22,757
  31,160 19,388 6,731 57,279

*Temporary contract is not applicable to North America because workers in this area are classified pursuant to the currently applicable legislation (“At-will employment”). This legislation envisages that either party can terminate the employment contract at any time without any liability of either party.

Women

 20162015
 WomenMenWomenMen
North America 18,938 12,427 18,968 12,192
% 60% 40% 61% 39%
Europe 11,002 6,550 12,239 7,149
% 63% 37% 63% 37%
International 4,215 3,973 3,315 3,416
% 51% 49% 49% 51%
TOTAL 34,155 22,950 34,522 22,757
  60% 40% 60% 40%

Organizational levels

2016North America  Europe International   TOTAL  
HEADQUARTERWomenMenWomenMenWomenMenWomenMen
                                 
Top Manager 56 38% 92 62% 4 10% 37 90% 3 18% 14 82% 63 31% 143 69%
Senior Manager 59 49% 61 51% 12 25% 36 75% 20 33% 40 67% 91 40% 137 60%
Manager 4 50% 4 50% 89 48% 98 52% 31 44% 40 56% 124 47% 142 53%
White collars 159 56% 124 44% 265 64% 148 36% 222 49% 230 51% 646 56% 502 44%
                                 
Sub total headquarters
278 50% 281 50% 370 54% 319 46% 276 46% 324 54% 924 50% 924 50%
Total headquarters 559    689    600    1,848   
 

NETWORKWomenMenWomenMenWomenMenWomenMen
Area Manager 42 30% 98 70% 8 16% 42 84% 15 27% 41 73% 65 26% 181 74%
Store managers 480 46% 555 54% 163 32% 352 68% 58 32% 126 68% 701 40% 1,033 60%
Managers 811 62% 491 38% 287 51% 277 49% 146 42% 204 58% 1.244 56% 972 44%
Head of Service 0   0   1,195 61% 769 39% 434 42% 596 58% 1,629 54% 1,365 46%
Multi-service employees 17,327 61% 11,002 39% 8,979 65% 4,791 35% 3,286 55% 2,682 45% 29,592 62% 18,475 38%
Sub total network 18,660 61% 12,146 39% 10,632 63% 6,231 37% 3,939 52% 3,649 48% 33,231 60% 22,026 40%
TOTAL NETWORK
30,806    16,863    7,588    55,257   
TOTAL 31,365    17,552    8,188    57,105   

2015North AmericaEuropeInternationalTOTAL
HeadquartersWomenMenWomenMenWomenMenWomenMen
Top Managers 52 37% 89 63% 7 15% 41 85% 5 26% 14 74% 64 31% 144 69%
Senior Managers 65 51% 62 49% 32 33% 65 67% 16 34% 31 66% 113 42% 158 58%
Managers 93 66% 48 34% 88 49% 92 51% 45 53% 40 47% 226 56% 180 44%
White collars 159 62% 96 38% 258 64% 145 36% 121 41% 172 59% 538 57% 413 43%
Sub total headquarters 369 56% 295 44% 385 53% 343 47% 187 42% 257 58% 940 51% 896 49%
TOTAL HEADQUARTERS 664 728 444 1,836
   
2015North AmericaEuropeInternationalTotal
NETWORKWomenMenWomenMenWomenMenWomenMen
Area Manager 42 30% 97 70% 7 17% 34 83% 5 14% 30 86% 54 25% 161 75%
Store managers 538 47% 616 53% 162 30% 374 70% 37 37% 64 63% 737 41% 1,054 59%
Managers 30 45% 37 55% 369 53% 325 47% 119 36% 210 64% 518 48% 572 52%
Heads of Service 494 60% 332 40% 1,375 60% 924 40% 591 39% 926 61% 2,460 53% 2,182 47%
Multi-service workers 17,495 62% 10,815 38% 9,936 66% 5,139 34% 2,376 55% 1,929 45% 29,807 63% 17,883 37%
Trainee         5 33% 10 67%         5 33% 10 67%
Subtotal network 18,599 61% 11,897 39% 11,854 64% 6,806 36% 3,128 50% 3,159 50% 33,581 61% 21,862 39%
TOTAL NETWORK 30,496 18,660 6,287 55,443
TOTAL 31,160 19,388 6,731 57,279
 

Breakdown by age*

2016North AmericaEuropeInternationalTotal
HEADQUARTER<35 years35-50>50<35 years35-50>50<35 years35-50>50<35 years35-50>50
Top Managers 12 70 66 0 22 19 0 10 7 12 102 92
Senior Managers 20 61 39 3 34 11 12 39 9 35 134 59
Managers 1 3 4 33 117 37 25 43 3 59 163 44
White collars 105 110 68 127 174 112 341 93 18 573 377 198
                         
Sub total headquarter
138 244 177 163 347 179 378 185 37 679 776 393
TOTAL HEADQUARTER
559   689   600   1,848  
   

2016   North America
EuropeInternationalTotal
NETWORK<35 years 35-50 >50 <35 years 35-50 >50 <35 years 35-50 >50 <35 years 35-50 >50 
Area Manager 8 70 62 9 22 19 17 37 2 34 129 83
Store Managers 247 464 324 70 312 133 108 65 11 425 841 468
Managers 543 483 276 173 281 110 222 115 13 938 879 399
Head of Service 0 0 0 500 1,084 380 858 157 15 1.358 1.241 395
Multi-service employees 15,464 6,930 5,935 5,178 5,869 2,723 5,128 629 211 25.770 13.428 8.869
Sub total network
16,262 7,947 6,597 5,930 7,568 3,365 6,333 1,003 252 28,525 16,518 10,214
TOTAL NETWORK
30,806   16,863   7,588   55,257  
              
TOTAL 31,365   17,552   8,188   57,105  
 

 

* The breakdown by age brackets is available starting from 2016, thanks to the improvements of the data collection system.

Injuries - Europe

Perimeter: Belgium, France, Italy and Spain

Type of injuries20162015
Cuts 87 106
Fractures 9 18
Burns 41 38
Collisions and contusions 193 194
Distorsions and sprains 190 125
Other 64 51
Total injuries in the workplace 484 532
  -9% -13%
Injuries on the way to work
151 66
 

Workplace injuries indicators20162015
Frequency index 25.21 26.15
(n. of injuries x 1,000,000/hours worked) -4%
     
Severity index 0,76 0.61
(n. of days lost due to injury x 1,000/hours worked) 24%
 

Injuries by gender - 2016* Europe

Perimeter: Belgium, France, Italy and Spain

Type of injuriesWomenMen
Cut 60 27
Fractures 8 1
Burns 30 11
Collisions and contusions 123 70
Distortions and sprains 65 25
Other 36 28
Total injuries in the workplace 322 162
     
Injuries on the way to work 107 44

Workplace injuries indicatorsDonneUomini
Frequency index 27.78 21.30
(n. of injuries x 1,000,000/hours worked)    
     
Severity index 0.72 0.81
(n. of days lost due to injury x 1,000/hours worked)  

 

* The breakdown by gender is available starting from 2016, thanks to the improvements of the data collection system.

Training Europe

Perimeter: Belgium, France, Italy, Slovenia, Spain, Switzerland, Greece, Czech Republic, Poland, Austria

 2016** 2015* 
 Hours%hoursHours%Hours
In store training and education 37,738 43% 24,721 28%
Technical professional training 3,566 4% 11,073 12%
Managerial training 22,970 26% 22,082 25%
Hygiene, health and safety in the workplace 22,692 26% 27,522 31%
Language 752 1% 1,638 2%
Other 843 1% 2,253 3%
TOTAL 88,560 100% 89,289 100%
Capex (euro) € 3,144,288.78  € 3,868,310.67 
% training costs covered by subsidies 18%  20% 
No. of collaborators in the indicated perimeter 16,382  17,591 
Training hours per capita 5.41  6.44 
  

* 2015 perimeter: Belgium, Denmark, France, Italy, The Netherlands, Slovenia, Spain and Switzerland. 2015 data regarding The Netherlands are partially estimates due to the application of a different data collection system.

**In 2016 the consolidation perimeter was increased to include all countries of the European BU, excluding Germany for which data has not yet been made available.

Training Europe by organizational levels - 2016*

HEADQUARTERHours
WomenMen
Top Manager 210 574
Senior Managers 175 738
Managers 1,185 838
White collars 1,514 844
Sub total headquarter
3,083 2,994

NETWORKHours
WomenMen
Area Manager 114 692
Store Managers 2,070 4,321
Manager 1,622 2,144
Head of Service 6,436 5,312
Multi-service employees 41,452 18,322
     
Sub total network
51,693 30,790
TOTAL 88,560 
     
Nr. of collaborators in the indicated perimeter 10,318 6,064
Training hours per capita 5.31 5.57

 

* The breakdown by training hours by gender is available starting from 2016, thanks to the implementation of a data collection system.

Donations

2016Direct contribution (€)Indirect contribution* (€)Contribution in kind and services (€)TOTAL (€)
North America 71,695 88,681 3,377,031 3,537,407
Europe 184,800 0 170,390 355,190
International 92,267 10,027 5,317 107,610
TOTAL 348,762 98,707 3,552,739 4,000,208
 

2015Direct contribution (€)Indirect contribution (€)*Contribution in kind and services (€)TOTAL (€)
North America 143,638 171,566 3,766,528 4,081,732
Europe 163,214 13,524 80,990 257,728
International 74,364 8,000 3,500 85,864
TOTAL 381,216 193,090 3,851,018 4,425,323
 

* Indirect contributions include amounts raised and donated by Autogrill on behalf of third parties (clients and workers) through targeted initiatives.

 

(10) The perimeter of reference of the reported data was identified based on the accountability of the relevant measurement systems adopted in the various countries.

Group's environmental data (11)

The variation in the number of stores in the years reported reflects the trend of concessions and contracts.

Indirect energy consumption - Europe*

2016 perimeter: Austria, Belgium, Italy, Spain, France, Switzerland, Greece, Poland

 Units2016***2016 like-forlike perimeter**2015**
Number of stores 698 563 546
Difference in the number of stores % -3%  
Indirect energy MWh 259,348 194,623 210,184
Difference in yearly consumption % -7%  
Energy from renewable sources
(Italy: geothermal****)
MWh 455
 

* Data is partially estimated and includes consumption in the stores directly managed by BU Autogrill Europe and the headquarters.

** Perimeter: Austria, Belgium, Italy and Spain.

*** In 2016 the consolidation perimeter was integrated to include the data of the following countries: France, Switzerland, Greece and Poland.

**** Estimated amounts.

Direct energy consumption - Italy*

 Units20162015
Number of stores 429 405
Difference in the number of stores % 6%
Methane or natural gas 366,404 482,168
Difference in yearly consumption % -24%
Diesel oil liters 1,178,987 1,416,830
Difference in yearly consumption % -17%
LPG and other kg 0 52,557
Difference in yearly consumption % -100%
 

* This data partially includes estimates and comprises consumption at 109 stores directly managed by Autogrill in Italy and at the Italian headquarters, where these plants are still in use.

Consumption of water - Europe*

2016 perimeter: Austria, Belgium, Italy, Spain, France, Greece and Poland

 Units2016***2016 like-for-like perimeter**2015**
Number of stores 638 563 546
Difference in the number of stores % 3%
Water 3,120,769 2,830,422 2,909,893
Difference in consumption of water % -3%
 

* Data is partially estimated and includes consumption, where available, at the stores directly managed by the Autogrill Europe BU and the relatives headquarters.

** Perimeter: Austria, Belgium, Italy and Spain.

*** In 2016 the consolidation perimeter was integrated to include the data of the following countries: France, Greece and Poland.

Waste - Italy*

 Units20162015
Number of stores 429 405
Difference in the number of stores % 6%
Nontoxic waste** ton 36,568 33,015
Difference in the quantity of nontoxic waste % 9%
Toxic waste** ton 10.57 8.30
Difference in the quantity of toxic waste % 27%
 

* Data is partially estimated and includes the consumption at the stores directly managed by Autogrill in Italy and at the Italian headquarters.

** Deriving from the sale of fuels.

*** 2015 data was updated according to adjustments made after the publication of the 2015 Sustainability Report.

Car park - Europe

2016 perimeter: Austria, Belgium, France, Italy, Spain and Switzerland

Number of vehiclesCO2 emission level < 160 g/Km%CO2 emission level > 160 g/Km%TotalTotal km*
2016*** 311 95% 15 5% 326 13,966,506
2015 359 95% 18 5% 377
 

* Data available starting from the year 2016.

** The corporate car fleet is under annual revision.

*** In 2016 the consolidation perimeter was integrated to include the data of Austria.

 

(11) The perimeter of reference of the reported data was identified based on the accountability of the relevant measurement systems adoptedin the various countries.

Latest update: Tuesday, July 4, 2017 - 14:39