As a result of this transfer, the contribution of said retail business will not be consolidated in Autogrill Group’s results for the final months of 2013.
The effect on the guidance of the different consolidation period for such business is expected to produce lower sales, by around €45m, lower Ebitda, by around between €2m-€2.5m, and lower capital expenditure, by around €4m.
Results for 3rd quarter 2013 – Food & Beverage
- Consolidated revenues: €1,107.1m vs €1,146.5m in 3rd quarter 2012 (down 0.6% at constant exchange rates; down 3.4% at current exchange rates)
- Consolidated Ebitda: €149.2m vs €150.1m in 3rd quarter 2012; (up 1.8% at constant exchange rates; down 0.6% at current exchange rates)
- Ebitda margin: 13.5% vs 13.1% in 3rd quarter 2012
- Net result: €63.9m vs €54.2m in 3rd quarter 2012
- Cash flow generation : €138.6.m vs €154.3m in 3rd quarter 2012
- Net financial position: €628.2m at 30 September 2013 vs €933.2m at 31 December 2012
Outlook for 2013 – Food & Beverage
- The guidance issued on approval of the results for 1st half 2013 is confirmed
- In the first 44 weeks Food & Beverage revenues were down 0.9% (down 2.4% at current exchange rates) on the same period in 2012, while sales on a like-for-like were up 1.4% (down 0.1% at current exchange rate
