Autogrill in excellent form in first quarter: cash flow rises 50%, improvement in margins before taxes

Wednesday, May 15, 2002

Milano , 15 May 2002 - At a meeting today chaired by Gilberto Benetton, the Autogrill Board of Directors approved the Report for the first quarter of 2002 (*).
First-quarter performance. Analysis of results for the first three months should consider the highly seasonal nature of passenger traffic, which falls to minimum levels in the first quarter and peaks in the third quarter of the year.
In the first quarter the Autogrill Group reported net sales of 721 million euros (m€), an improvement of 6.2% from the year-earlier first quarter (+ 3% net of the exchange-rate effect).