Despite the tough cost environment in North America (75% of the group’s total operating profit), Autogrill still finished FY18 in line with guidance and the market’s expectations. The mid-term outlook has been maintained, which is a very positive sign, given the market previously anticipated a guidance downgrade due to the challenging macro environment in North America and soft traffic on motorways in Italy.
15 Mar 2019
Better profit visibility in North America
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Better profit visibility in North America
ANGLE plc (AGL:LON) | 15.5 0 0.0% | Mkt Cap: 40.4m
- Published:
15 Mar 2019 -
Author:
Jie Zhang -
Pages:
3
Despite the tough cost environment in North America (75% of the group’s total operating profit), Autogrill still finished FY18 in line with guidance and the market’s expectations. The mid-term outlook has been maintained, which is a very positive sign, given the market previously anticipated a guidance downgrade due to the challenging macro environment in North America and soft traffic on motorways in Italy.