Milan, 21 December 2021 – Autogrill S.p.A. announces the upgrade of its Group FY2021 guidance based on the results of the effective cost management initiatives over the year, as follows:
FY2021 revised guidance (September 2021) |
FY 2021 revised guidance | |
---|---|---|
Revenue (in billions of Euro) |
Between |
Between |
Underlying EBIT Margin |
Between |
Between |
Underlying net result |
Between |
Between |
Capex / revenue |
Not above 6.0% |
Not above 6.0% |
Free Cash Flow* (in millions of Euro) |
Between |
Between |
*FCF = EBITDA +/- change in net working capital +/- non-cash costs and revenues already included in the EBITDA - MAG paid +/- financial income and charges (excluding costs paid in connection with early repayment of debt) +/- net tax – capital expenditures.
Free Cash Flow excludes acquisitions, disposals and related costs and expenses, non-recurring costs related to the early repayment of debts, dividends paid to Group shareholders and minority partners of the subsidiaries, and other equity movements.
FY2024 targets[1] remain unchanged:
- Revenue: €4.5bn
- Underlying EBIT margin: around 6%, about 140bps more compared to FY2019
- Capex as a percentage of revenue: between 4.8% and 5.4%
- FCF: between €130m and €160m
The table of updates below shows how the Group’s Guidance evolved in 2021:
FY2021 guidance (March 2021) |
FY2021 revised guidance (July 2021) |
FY2021 revised guidance (September 2021) |
FY 2021 revised guidance | |
---|---|---|---|---|
Revenue (in billions of Euro) |
Between |
Between |
Between |
Between |
Underlying EBIT Margin |
Between |
Between |
Between |
Between |
Underlying net result |
Between |
Between |
Between |
Between |
Capex / revenue |
Not above 6.0% |
Not above 6.0% |
Not above 6.0% |
Not above 6.0% |
Free Cash Flow* (in millions of Euro) |
Between |
Between |
Between |
Between |