Italy's Autogrill posts 63.6% revenue growth first 8 months
29/09/2022 18:13
MILAN, Sept 29 (Reuters) - Italian airport and motorway
caterer Autogrill AGL.MI on Thursday posted a 63.6% growth in
revenues at constant exchange rates to 2.6 billion euros ($2.54
billion) in the first eight months of 2022 and confirmed its
outlook for the full year.
The group, which is controlled by the Benetton family and is
set to be taken over by Swiss duty-free retailer Dufry DUFN.S ,
said the result was driven by the recovery of international
airport traffic and the resilience of passenger movements at U.S
airports and on motorways in Europe.
Autogrill confirmed its guidance for 2022, with revenue for
the year of around 3.8 billion euros and free cash flow of about
200 million euros.
In July, Dufry agreed to buy Autogrill, creating a travel
industry giant to take advantage of growth opportunities as the
sector rebounds. urn:newsml:reuters.com:*:nL1N2YR0GE
($1 = 1.0228 euros)
(Reporting by Gianluca Semeraro and Alvise Armellini, editing
by Agnieszka Flak)
((gianluca.semeraro@tr.com; +39 06 80 307 741;))