Autogrill: 30 April 2019 revenue up 5.2% to €1,455m

Revenue: €1,455m, +5.2% at constant exchange rates (+9.5%1 at current exchange rates), driven by solid like for like growth

  • Like for like revenue growth +2.9%, mainly driven by positive performance in North America and International
  • North America: the performance is underpinned by strong growth at airports
  • International: robust like for like revenue growth at airports
  • Europe: stable like for like performance on motorways, with positive growth at airports
    • Good performance at airports, with revenue up 8.3% at constant exchange rates (+5.1% like for like)

 

Thursday, May 23, 2019 - 13:48

Milan, 23 May 2019 – The Board of Directors of Autogrill S.p.A. (Milan: AGL IM) today reviewed and approved the preliminary consolidated revenue performance for the four months ended 30 April 2019.


Group revenue

  • Consolidated revenue of €1,455m in the first four months of 2019, an increase of 5.2% at constant exchange rates[1] (+9.5% at current exchange rates) compared to the same period in 2018 (€1,330m)
  • Like for like revenue growth: +2.9%, mostly driven by good performance at airports
  • Openings and closings:
    • new openings in North America (Dallas Fort Worth, La Guardia, Charlotte and Orlando airports), Europe (Netherlands, Norway), and Asia (Vietnam, India and China)
    • closings mainly reflect the ongoing rationalization of the Group’s presence in Europe
  • Acquisitions and disposals: net positive contribution from the acquisitions made in 2018 (Le CroBag in Germany and Avila in the US)
  • Currency: positive impact of €54m, mainly due to the depreciation of Euro against the US Dollar  
  • As of 30 April 2019, positive revenue performance driven by North America and International:
    • In North America, strong revenue growth at airports
    • International was supported by solid airport traffic growth and new openings

In Europe, revenue growth at airports was offset by a softer trend in railway stations and other channels, with stable performance on motorways

 

[1]

 Average €/$ FX rates:

  • April 2019 YTD: 1.1329
  • April 2018 YTD: 1.2288

 

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