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Stock Exchange: Autogrill runs concessions in Northern Europe

The share of the catering services company continues its run on the Stock Exchange and in the morning it is signaled as the most brilliant of the Ftse Mib – Yesterday the announcement of two new concessions in Northern Europe arrived.

In Piazza Affari the spotlights are on Autogrill, which after a rise of more than 2% recorded yesterday continues to run in the morning, signaling itself as the pink jersey of the Ftse Mib basket, despite the Italian price list remaining in slightly negative territory. Shortly after 10am, Autogrill shares rose by 3,53%, to €6,89 per share.

The announcement, arrived yesterday, of two new concessions in the Eurotunnel stations and inside the East Midlands airport gave wings to the retail catering services company.

ICBPI, in a report, underlines that the operation "will have a limited impact on the accounts, but it demonstrates once again the group's ability to diversify and expand the concessions portfolio, in support of external growth".

According to Mediobanca Securities, these new concessions represent a positive signal for the group's strategy, which intends to develop its business in Northern Europe.

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