Aeroporti di Roma, a subsidiary of Gemina, concluded the spin off of the Duty Free / Duty Paid businesses, giving life to Adr Retail, which will be sold by the end of the summer. Adr expects the turnover of the new company to exceed 130 million within the next year, after revenues in 2011 stood at 92 million with an Ebitda of 37 million.
The activities "in the first quarter of 2012 - reads a note - have already recorded an increase in turnover compared to the same period last year, despite the slight drop in passengers, mainly on the domestic one".
Even the "operating profitability - adds Adr - is in visible improvement in the quarter (first margin per passenger up by 6% compared to 2011) thanks to the optimization actions undertaken. Signs of growth destined to improve in view of the implementation of the expansion plan of the sales areas, which provides for an increase of about 50% of the commercial area up to a total of almost 5.000 square meters, from the current 3.100".
