Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Italy
  4. Borsa Italiana
  5. Autogrill S.p.A.
  6. News
  7. Summary
    AGL   IT0001137345

AUTOGRILL S.P.A.

(AGL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Autogrill S p A : Italy's Autogrill dismisses Dufry tie-up report

07/07/2021 | 06:01am EDT
FILE PHOTO: Bridge restaurant of Italy's Autogrill is seen on the motorway near Fiorenzuola D'arda

ROME (Reuters) - Italian travel catering group Autogrill said on Wednesday its board was not examining any "extraordinary operation" after a newspaper report of a possible tie-up with its larger Swiss rival Dufry.

Italian daily newspaper MF reported on Wednesday that Autogrill was weighing a possible alliance with Dufry as an option for future growth.

"Though Autogrill is always open to assessing any opportunity the market might offer in order to pursue its strategic objectives, as of today no extraordinary operation is being examined by the board of the company," Autogrill said in a statement responding to the report.

Duty-free shopping group Dufry also denied the report.

"Autogrill has already denied this and so do we. There is nothing to it at all," a Dufry spokesperson said.

Shares in Autogrill were up 1.5% at 0930 GMT after rising as much as 5% in early trading. The stock was outperforming a slightly positive Milan's all-share index.

Dufry shares were up 3.2% compared to an 0.5% rise in the Swiss performance index.

Benetton's holding company Edizione, which owns 50.1% of Autogrill, declined to comment on the report.

Autogrill, which manages restaurants and bars on motorways and at airports, launched a 600 million euro ($710 million) capital increase in mid-June, which was fully subscribed.

The Benetton family provided half of the cash to support the catering group, which needed to raise fresh liquidity to cut its financial debt.

As a result of impact of the COVID-19 pandemic, the market value of the Italian group has shrunk to 2.5 billion euros, which is less than half of Dufry's current market value.

MF said in its report that in the event of a tie-up with Dufry, the Benettons could significantly cut their stake to make room for new investors.

Autogrill said last month that under agreements its signed with creditors to ease debt covenants it could only spend on mergers and acquisitions from 2023.

($1 = 0.8455 euros)

(Reporting by Giulia Segreti; Additional reporting by Francesca Landini in Milan and Paul Arnold in Zurich; editing by Alexander Smith and Barbara Lewis)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AUTOGRILL S.P.A. 1.83% 5.91 Delayed Quote.19.96%
DUFRY AG -0.62% 43.1 Delayed Quote.-21.97%
All news about AUTOGRILL S.P.A.
09/01AUTOGRILL S P A : increase its presence in the bali airport with 6 new stores
PU
07/30Autogrill S.P.A. Reports Earnings Results for the Half Year Ended June 30, 20..
CI
07/30Autogrill S.p.A. Provides Revenue Guidance for the Full Year 2021
CI
07/30AUTOGRILL : significant increase in 1H2021 underlying EBIT and Free Cash Flow , ..
PU
07/20AUTOGRILL S P A : 16.07.2021_Current By-laws
PU
07/07European shares rise as commodity stocks rebound, techs jump
RE
07/07AUTOGRILL S P A : Italy's Autogrill dismisses Dufry tie-up report
RE
07/07AUTOGRILL S P A : Dismisses Media Reports on Possible Merger With Switzerland's ..
MT
07/07European shares rise as commodity stocks rebound, techs jump
RE
07/07AUTOGRILL : clarification about press rumours
PU
More news
Analyst Recommendations on AUTOGRILL S.P.A.
More recommendations
Financials
Sales 2021 2 547 M 3 005 M 3 005 M
Net income 2021 -239 M -282 M -282 M
Net Debt 2021 2 101 M 2 478 M 2 478 M
P/E ratio 2021 -8,60x
Yield 2021 -
Capitalization 2 216 M 2 619 M 2 614 M
EV / Sales 2021 1,69x
EV / Sales 2022 1,19x
Nbr of Employees 30 000
Free-Float 49,2%
Chart AUTOGRILL S.P.A.
Duration : Period :
Autogrill S.p.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AUTOGRILL S.P.A.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Last Close Price 5,80 €
Average target price 6,58 €
Spread / Average Target 13,3%
EPS Revisions
Managers and Directors
Gianmario Tondato da Ruos Group Chief Executive Officer & Executive Director
Camillo Rossotto Chief Financial Officer
Paolo Zannoni Executive Chairman
Aldo Papa Group Chief Engineering & Procurement Officer
Massimo Fasanella d'Amore di Ruffano Lead Independent Director
Sector and Competitors
1st jan.Capi. (M$)
AUTOGRILL S.P.A.19.96%2 619
STARBUCKS CORPORATION7.16%135 172
COMPASS GROUP PLC6.27%35 764
DARDEN RESTAURANTS, INC.25.09%19 419
SODEXO1.85%12 158
JUBILANT FOODWORKS LIMITED49.26%7 461