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Autogrill, accounts ok and 2015 estimates confirmed

In the first nine months of the year, the group headed by the Benetton family recorded a turnover of 3,1 billion, up by 10,6% - The motorway channel did well but the railway stations did even better: down instead revenues at the airport – Group confirms estimates for the end of the year.

Rest in the third quarter of 2015 ha recorded revenues up 11,6% (+3,5% at constant exchange rates) to 1,2 billion, an ebitda of 166 million (+15,2% or +6,5%) and a net result of 71,8 million (+17,5% or +11,5%). In the nine months the group headed by to the Benetton family it recorded a turnover of 3,1 billion (+10,6% or +1,1%), an ebitda of 290 million (+17,1% or +4,6%) and a net profit of 56,2 million (+50,1% or +30,8%). At the end of September the net financial position was negative by 594,6 million in
improvement from -693,3 million at the end of 2014.

The group has confirmed estimates for the end of the year with a turnover of between 4,3 and 4,4 billion euros (assuming an average euro-dollar exchange rate of 1,1) and a ebitda between 370 and 380 million. Instead, there is a slight reduction investment forecast now estimated at 220 million, compared to the indication of 240 million.

Looking at Italy, the motorway channel recorded a turnover of 251 million (+0,5%), revenues at the airport were 24 million, down 3,2% and those at railway stations were 9,8, 7,6 million (+42,7%). Ebitda started to rise again reaching 40,7 million from 13 million with an incidence that increased from 13,6% to XNUMX%. “The improvement – ​​explains the note – reflects i results of the supply chain overhaul project as well as the closure of unprofitable points of sale. The reorganization costs amounted to one million in 2015 and 1,1 million in the same period of 2014".

In the middle of the day, immediately after the publication of the accounts, Autogrill loses MY BAG 0,87% a €8,59 per share. 

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