Autogrill predicts substantial growth at the end of 2000

Tuesday, September 19, 2000

Milano , 19 September 2000 - Gilberto Benetton and Livio Buttignol, respectively the Chairman and Chief Executive Officer of Autogrill S.p.A., today met financial analysts and institutional investors in Milan to comment on the Group half-year results. During the meeting some advance news was given concerning the Group’s full-year projections. Using a one-for-one dollar/euro exchange rate, Group consolidated revenues should surpass 2.9 billion euro at the end of 2000, an increase of 9.4% compared to the previous year, while EBITDA should reach 357 million euro, giving a return of 12.30% on net sales, an increase of 14.3%. There should also be a 13.7% increase in cash flow, giving a return on net sales of about 8%.