Strong revenue growth and results in line with guidance
Revenue: €5.0bn, +6.4% at current exchange rates (+3.5% at constant exchange rates1) driven by strong performance at airports
- Group like for like revenue growth of +3.1%, mainly driven by North America
- North America: confirmed strong like for like revenue growth driven by airports (+4.5%)
- International: positive like for like in Middle East and Far East partially offset by softer trend in Northern Europe and in The Netherlands
- Europe: improved performance at airports and on Italian motorways in the second half of the year
Autogrill expects FY2019 underlying EBITDA excluding IFRS16 to be between €458m and €463m and reported EPS excluding IFRS16 to be €0.91 to €0.92, which are both within the range announced during the Capital Markets Day in June 2019
New contract wins and renewals worth €2.8bn in 2019
1 Average €/$ FX rates:
- FY 2019: 1.1195
-
FY 2018: 1.1810
Milan - The Board of Directors of Autogrill S.p.A. (Milan: AGL IM) today reviewed and approved the preliminary consolidated revenue performance for the twelve months ended 31 December 2019.