Autogrill: 31 August 2020 revenue of €1.4bn (-55.7%); €0.5bn in cash and available credit facilities

Eight months ended 31 August 20201

  • Revenue: €1,414m (€3,190m for the eight months ended 31 August 2019), -55.7% at current exchange rates (-55.8% at constant exchange rates2), as COVID-19 continues to impact the travel industry
  • Motorways proving more resilient than other channels, with steadily improving trends
    • Airport performance still depressed, with a number of countries remaining closed or imposing quarantines
    • Other channels taking longer to recover, mainly as a consequence of increasing work-from-home trends
  • Like for like performance of -56.0% year-to-date3
  • Revenue down 61.2% at constant exchange rates in the month of August 2020
    • 45% of total stores closed as of 31 August 2020
  • Liquidity: circa €0.5bn in cash and available credit facilities at the end of the period, in line with the end of June 2020

 Milan, 24 September 2020 – The Board of Directors of Autogrill S.p.A. (Milan: AGL IM) today reviewed and approved the consolidated revenue performance for the eight months ended 31 August 2020.

1 Preliminary and non-audited data
2 Average €/$ FX rates:

  • August 2020 YTD: 1.1180
  • August 2019 YTD: 1.1265

3 The change in like for like revenue is calculated by excluding from revenue at constant exchange rates the impact of new openings, closings, acquisitions, disposals and calendar effect. Please refer to “Definitions” for the detailed calculation

Thursday, September 24, 2020 - 12:00

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