In 2019 we delivered strong results: we met all of our targets, with revenue, underlying EBITDA and reported EPS all in line with the full year guidance we provided to the market, and we registered improvements across all key metrics. Turning to 2020, considering the Coronavirus outbreak, first of all, we have launched measures to safeguard the health and safety of our employees. With regard to this challenging macro environment, we put in place several initiatives to counteract the impact of this outbreak on revenues and profitability, including management of opening hours, store labor optimization and G&A control. This is not the first time our Group has faced external factors impacting travel demand: we know that travel is fundamental to people, and we believe the travel industry will rebound again as soon as the emergency is over. For this reason we remain committed to drive the business in a way that builds value for the long term

Gianmario Tondato Da Ruos,
CEO