Autogrill’s Board examines preliminary revenues for 2005

  • Consolidated revenues climb to €3,529.1 million, up 10.9% on 2004
  • Revenues in North America rise to $2,163 million, up 7.9% on 2004
  • Aldeasa (50% consolidated from 1st May 2005) posts revenues of €236.6 million (up 6.1% on the same period in 2004)
Tuesday, January 24, 2006 - 13:05

Milano, 24 January 2006 - Meeting today, the board of directors of Autogrill S.p.A. (Milan: AGL IM) examined the preliminary figures for consolidated revenues as of 31st December 2005. The average annual exchange rate for the year just closed (€/$ 1:1.2441) was more or less in line with the 2004 rate, so changes are stated at current rates.

At 31st December 2005, Autogrill’s consolidated revenues stood at €3,529.1m, up 10.9% (3.3% without Aldeasa and Steigenberger) from €3,182.1m the year earlier. The result reflects strong growth in North America. In 2005, which saw expansion in the airport channel in Europe as well as North America, Aldeasa (50% Autogrill, 50% Altadis) contributed €236.6m to consolidated sales (up 6.1% on the same period in 2004), the company being consolidated on a proportional basis as of 1st May. Steigenberger Gastronomie GmbH, a joint venture with the German Steigenberger Hotels AG in Frankfurt Airport set up on 1st April 2005, also contributed to the Group’s revenues. It contributed revenues of €5.3m (up 48.6% on the same period in 2004).

These results reflect the increasing impact of the airport channel with respect to motorways, accounting respectively for 47% and 45% of consolidated sales.