Autogrill showed strong Q3 15 results, in line with consensus but beating our forecasts. The group benefited from the strength of the US dollar against the euro, the robust airport traffic in the US and an early pick-up in traffic on Italian motorways. On a 9-month basis, sales were 10.6% up reported vs 1.1% at constant exchange rate (CER). In Q3, group revenues came in 11.6% higher than last year (+3.5% at CER), confirming the positive trend seen in Q2 (+10.2%). Airports remained the growth
23 Nov 2015
Some light at the end of the Italian motorway tunnel
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Some light at the end of the Italian motorway tunnel
ANGLE plc (AGL:LON) | 14.0 0 0.0% | Mkt Cap: 36.5m
- Published:
23 Nov 2015 -
Author:
Bérénice Lacroix -
Pages:
2
Autogrill showed strong Q3 15 results, in line with consensus but beating our forecasts. The group benefited from the strength of the US dollar against the euro, the robust airport traffic in the US and an early pick-up in traffic on Italian motorways. On a 9-month basis, sales were 10.6% up reported vs 1.1% at constant exchange rate (CER). In Q3, group revenues came in 11.6% higher than last year (+3.5% at CER), confirming the positive trend seen in Q2 (+10.2%). Airports remained the growth