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Autogrill SpA Confirms FY 2013 Revenues Guidance; Lowers FY 2013 EBITDA Guidance at Lower End of Previous Range

Tuesday, 12 Nov 2013 06:33am EST 

Autogrill SpA announced that it confirmed its fiscal year 2013 revenue guidance at approximately EUR 4 billion. Autogrill SpA also announced that it has lowered the Company EBITDA guidance for fiscal year 2013 at the lower end of the range indicated in July 2013. The Company announced that growing North America‚Äôs contribution to revenues will be lower than forecast and that this will be offset by higher growth in Europe. Given that margins on sales in North America are higher than the Group average, the different geographical sourcing of profit is expected to produce EBITDA for fiscal year 2013 of approximately EUR 315 million, at the lower end of the range indicated in July 2013 (EUR 315 million - EUR 325 million). According to I/B/E/S Estimates, analysts on average expect the Company to report for fiscal year 2013 revenues of EUR 3,997.88 million and EBITDA of EUR 315.05 million. 

Company Quote

0.155 +2.96%
31 Oct 2014