Outlook

Sales in the first eight weeks 22 of 2016 increased by 4.9% At constant exchange rates with respect to the same period in 2015 (+6.5% at current exchange rates).

In North America, revenue shows an overall increase of 3.8%.

The International area has done extremely well, with sales noting an increase of 23%, thanks in part to the many new openings.

The recovery continues in Europe, with sales rising in Italy (+2.4%) and the Other European countries (+3.9%).

In 2016 the Group will focus on sales and profitability in North America, on the strength of a healthy trend in traffic, specific commercial initiatives and plans for the efficient management of resources. In the International area management will concentrate on bringing up to speed the many contracts won in 2014 and 2015, and on pursuing further growth opportunities in the countries served.

In Italy, Autogrill expects to increase sales and margins by taking advantage of a recovery in traffic and consumption that began to emerge in 2015.

In Other European countries, the strategy is likewise focused on exploiting a potential upturn in consumption, while maintaining a selective approach to evaluating investment opportunities.

Subsequent events

Since 31 December 2015, no events have occurred that would have entailed an adjustment to the figures reported or required additional disclosures.