- The Group secures the management of 10 points of sale in the country’s main airport
- The contract is expected to generate overall revenues of over 270 million euros in its 7 year duration
Through its HMSHost International division, Autogrill (Milan: AGL IM) is entering Norway upon winning a contract to open 10 points of sale at Oslo Airport. Under this agreement Autogrill expects to generate overall revenues in excess of 270 million Euros over the seven-year concession.
The 10 points of sale, expected to open in 2016 and 2017, will be operated by HMSHost Umoe F&B Company AS, a joint venture incorporated by HMSHost International and Umoe Restaurants Group, the country’s main food & beverage operator.
The agreement enables Autogrill to consolidate its presence in the Northern European airport channel, and Scandinavia in particular, where it currently operates through 39 stores at the airports of Copenhagen, Helsinki, Stockholm-Skavsta and Stockholm-Arlanda.
“After our success in Finland, Sweden and Denmark, we’re thrilled to be able to start up at Oslo Airport in Norway, the only Scandinavian market where we had no operations so far”, said HMSHost International CEO Walter Seib. “Together with Umoe we developed 10 high-profile concepts that will help make Oslo an exclusive hub also in terms of its food & beverage offering”.
“We are excited about the new partnership with Autogrill, the world’s leading provider of food & beverage for travellers,” said Umoe Restaurants CEO Sverre Helno. “We want to offer passengers transiting through Oslo Airport a new culinary experience. Through this partnership we will strengthen our position in the increasingly competitive and international sector of airport food and beverage”.