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

Strong revenue growth and results in line with guidance

The Board of Directors of Autogrill S.p.A. reviewed and approved on the 6th of February the preliminary consolidated revenue performance for the twelve months ended 31 December 2019.

Revenues were €5.0bn, +6.4% at current exchange rates (+3.5% at constant exchange rate) driven by strong performance at airpor. The Group like for like revenue growth of +3.1%, mainly driven by North America that confirmed strong like for like revenue growth driven by airports (+4.5). Positive like for like in Middle East and Far East partially offset by softer trend in Northern Europe and in The Netherland.

In Europe Autogrill improved performance at airports and on Italian motorways in the second half of the year. The Group 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.

Finally, new contract wins and renewals worth €2.8bn in 2019.

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