Italy's Autogrill reports 78% growth in H1 2022 revenues
29/07/2022 12:37
MILAN, July 29 (Reuters) - Italian airport and motorway
caterer Autogrill AGL.MI , which has agreed a takeover by Swiss
Dufry DUFN.S , reported on Friday a 78% growth in like-for-like
sales to 1.8 billion euros ($1.84 billion) in the first half of
2022 as passengers resumed travelling especially in North
America.
The group, controlled by the Benetton family, also nudged up
its guidance on the back of the results, seeing 2022 revenues
reaching around 3.8 billion euros compared with a previous
figure of 3.7 billion euros.
Earlier 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
Italy's Benetton family will transfer its entire 50.3% stake
to Dufry, which will offer to buy out minority stakeholders,
with the Benetton's holding company Edizione then becoming the
combined group's biggest shareholder with a stake of 20-25%.
($1 = 0.9786 euros)
(Reporting by Francesco Zecchini
Editing by Keith Weir)
((Francesco.Zecchini@thomsonreuters.com;))