Autogrill: results for the eight months ended 31 August 2020
Airport performance still depressed -ATTACHMENT
The Board of Directors of Autogrill SpA today reviewed and approved the consolidated revenue performance for the eight months ended 31 August 2020.
The highlights are:
Revenue: €1,414m (€3,190m for the eight months ended 31 August 2019), -55.7% at current exchange rates (-55.8% at constant exchange rates), as COVID-19 continues to impact the travel industry
Motorways proving more resilient than other channels, with steadily improving trends
Airport performance still depressed, with a number of countries remaining closed or imposing quarantines
Other channels taking longer to recover, mainly as a consequence of increasing work-from-home trends
Like for like performance of -56.0% year-to-date
Revenue down 61.2% at constant exchange rates in the month of August 2020
45% of total stores closed as of 31 August 2020
Liquidity: circa €0.5bn in cash and available credit facilities at the end of the period, in line with the end of June 2020.
The integral version of the report (six pages, with tables) is attached to this AVIONEWS.
AVIONEWS - World Aeronautical Press Agency