Share

Autogrill: East and Middle East objective, focus on Russia

CEO Tondini during the meeting: "We are experiencing what it means to enter emerging economies" – Only in Russia, Autogrill is evaluating "many service areas", about 30-40 - After Sochi, the partnership with Rosneft could continue - Benetton : a Mediobanca shareholders' agreement "as small as possible" would be positive.

World passenger traffic is shifting its axis”in the East and Middle East: there is our future”. This was stated by Gianmario Tondato Da Ruos, managing director of Rest, answering the shareholders' questions on the group's entry into some airports in Vietnam and Indonesia. "We are beginning to develop in these countries - he added -, we are experiencing what it means to enter emerging economies".

solo in Russia, Autogrill is evaluating "many service areas", about 30-40, specified Tondato Da Ruos, referring to the agreement signed with Rosneft on the occasion of the Sochi Olympics and therefore not excluding the continuation of the partnership with the oil group. “We were called right by Rosneft on that occasion”, explains Gilberto Benetton, president of Autogrill: “It is clear that the brand is known in Russia. They were thrilled."

As for Italian affairs, according to Benetton - a member of the board of directors of Piazzetta Cuccia - a syndicate pact of Mediobanca "as small as possible" would be positive: "We weren't asked," said the manager regarding the rumors about an upcoming round of consultations to redesign the pact in a lighter version. 

At the beginning of the afternoon, Autogrill's stock was up by more than three percentage points, a 6,955 euros, also because Tondato announced that the second quarter "is going moderately better" than the first, which in turn closed with revenues of 813 million euros, down 1% compared to the 841,9 million of a year before, and an Ebitda of 15,1 million from 21,6 million in the first quarter of 2013.  

comments