Autogrill: 2018 results; confirmed revenue growth
The highlights /Attachment
The Board of Directors of Autogrill SpA has reviewed and approved the consolidated results at 31 December 2018, including the consolidated Non Financial Information Declaration 2018
The BoD approves consolidated financial statements and draft of separate financial statements at 31 December 2018.
The results in detail:
Revenue up 5.0% to €4.7 billion
Robust like for like revenue growth of +3.5%, with a positive contribution from all regions
Strong performance at airports, with revenue up 7.2% (+5.6% like for like)
Underlying EBITDA of €416.7m, 8.9% on revenue (€418.8m in FY2017, 9.1% on revenue), overall profitability levels maintained, despite a tough start to the year
Underlying net result of €101.6m (FY2017: €106.9m)
Net result: €68.7m, after “cross-generational deal” (Italy), other efficiency projects and other items including acquisition fees (FY2017: €96.2m)
New contracts and renewals worth €4.1 billion in FY2018
Acquisition of Le CroBag in February 2018, with over 100 points of sale at German railway stations, and convenience retail operator Avila in August 2018, operating 25 stores at 4 US airports
Proposed dividend of €0.20, gross of any applicable withholding tax, per share (€0.19 in 2017, +5.3%).
2019 has started in line with expectations, with a good revenue growth in North America and International and stable revenue in Europe
Autogrill announces that it will host a Capital Markets Day on Tuesday 4 June 2019 in Milan. Autogrill’s senior management will provide an update on the strategy and the development of the Group.
The integral version of the financial report (20 pages, with tables) is attached to this EFA News.
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