MILAN (Reuters) – Revenues at Italian caterer Autogrill rose about 31% at current exchange rates in 2021, driven by the performance in North America and Italy, pushing shares up over 7%.
In a statement on Tuesday, the group controlled by the Benetton family said preliminary full-year revenues came in at 2.6 billion euros ($2.95 billion), up 32.8% at constant exchange rates.
Autogrill, which confirmed its 2024 targets, also raised its 2021 underlying core profits margin guidance to about -0.5% from a previous range of -2.5% e -1.5%, while the underlying net loss is now seen at 110 million euros from a previous range of between 170 and 150 million euros.
BY 1125 GMT, shares are up 6.6%, outperforming Milan’s all-share index, which rises 1.7%, and on track for a best day since October.
($1 = 0.8809 euros)
(Reporting by Federico Maccioni, editing by Cristina Carlevaro)
