Italy's Autogrill sees $4 bln in sales this year (updated)
26/05/2022 13:39
(Adds details)
MILAN, May 26 (Reuters) - Italy's Autogrill AGL.MI , which
is exploring a potential tie-up with Swiss duty-free retailer
Dufry DUFN.S , expects sales to reach 3.7 billion euros ($4
billion) this year, up from 2.6 billion euros in 2021.
The group controlled by the Benetton family said the
full-year guidance was based on the assumption that there would
not be a resurgence in COVID-19 and that the conflict in Ukraine
would not escalate in the coming months.
In April Autogrill said it was having talks with industry
peers and reviewing its options after media reports on a
potential tie-up with Dufry. urn:newsml:reuters.com:*:nL5N2WH47E
On Thursday the group said this year it would focus on
strengthening its leadership position, increasing the cash flow
and becoming more sustainable. It did not give an update on a
possible partnership.
Between January and April the group, which runs restaurants
and bars on motorways and airports around the world, reported a
88% rise in like-for-like sales on the back of a positive trend
in domestic traffic in North America and Italy.
It posted an operating loss of 34 million euros, marking an
improvement compared with a 103 million euro operating loss in
the same period last year.
($1 = 0.9339 euros)
(Reporting by Francesca Landini, editing by David Evans)
((francesca.landini@thomsonreuters.com; +39 02 66129437;
Reuters Messaging: reutersitaly.thomsonreuters@reuters.net))