Autogrill assesses mad cow impact

Friday, February 9, 2001

Milano , 09 February 2001 - Autogrill released the following statement with regard to the impact of the “mad cow” phenomenon on sales:
In the first five weeks of 2001, sales in Burger King outlets – which account for less than 1% of total group revenues in Italy – were 23.2% below budget projections, but 74% up on the figure for the first five weeks of 2000. Overall revenues for the Quick Service Restaurant Division (QSR) were 2.1% higher than budget projections (and up 22% compared with the corresponding year-earlier period) thanks to the strong performance of the Spizzico outlets, whose revenues were 11.2% above budget projections and 22% higher than revenues for the first five weeks of 2000