Autogrill: FY2019 preliminary revenue up by 6.4% to €5.0bn

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

Thursday, February 6, 2020 - 12:27

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.