FY2018 Results
| €m | FY 2018 |
FY 2017 |
Change | |
|---|---|---|---|---|
| Current FX | Constant FX | |||
| Revenue | 4,695.3 | 4,594.6 | 2.2% | 5.0% |
| Underlying EBITDA (3) | 416.7 | 418.8 | -0.5% | 3.0% |
| Underlying EBITDA margin(3) | 8.9% | 9.1% | ||
| EBITDA | 386.9 | 399.0 | -3.0% | 0.5% |
| Underlying net result (3) | 101.6 | 106.9 | -5.0% | -0.7% |
| Net result | 68.7 | 96.2 | -28.6 | -24.9 |
Outlook
- 2019 has started in line with expectations, with a good revenue growth in North America and International and stable revenue in Europe
Autogrill announces that it will host a Capital Markets Day on Tuesday 4 June 2019 in Milan
- Autogrill’s senior management will provide an update on the strategy and the development of the Group
Milan, 14 March 2019 – The Board of Directors of Autogrill S.p.A. (Milan: AGL IM) has reviewed and approved the consolidated results at 31 December 2018, including the consolidated Non Financial Information Declaration 2018.
Gianmario Tondato Da Ruos, Group CEO, said: "In 2017 and 2018 we worked hard to strengthen our business footprint and improve efficiency. In 2019 we have started harvesting the benefits of the work done and we will deliver on our the three-year plan, whose pillars are top line growth, structural efficiencies and profitability enhancement, as well as making bolt-on acquisitions in core geographies and rationalizing non-core activities."
[1] At constant exchange rates. Average €/$ FX rates:
- FY 2018: 1.1810
- FY 2017: 1.1297
[2] The change in like for like revenue is calculated by excluding from revenue at constant exchange rates the impact of new openings, closings, acquisitions and disposals. Please refer to “Definitions” for the detailed calculation.
[3] Underlying: an alternative performance measure calculated by excluding certain revenue or cost items in order to improve the interpretation of the Group's normalized profitability for the period. Please refer to “Definitions” for the detailed calculation.
[4] Total value of contracts calculated as the sum of expected revenue from each throughout its duration. Also includes contracts held by equity-consolidated Group companies.