Results for 2000 provide levers for growth and margins

Tuesday, April 3, 2001 - 00:00

Milano , 03 April 2001 - At a meeting today with analysts and the press, Autogrill chairman Gilberto Benetton and chief executive officer Livio Buttignol commented on financial results for 2000 and illustrated strategies and growth plans for 2001. Financial highlights. During 2000, the group reported net revenues of € 3,041.1 million, up 14.7% from 1999 in absolute terms, or 6% net of the exchange-rate effect. For restaurant services alone, i.e., excluding retail, market, duty-free, newspapers and magazines, tobacco, lottery tickets, etc., the improvement was 7.4% (at constant exchange rates).
Performance was particularly strong in North American airports (+10% at constant size) and on the Italian network, which achieved overall growth of 6.8%, rising to 10% for restaurant services alone.