Autogrill revises 2009 outlook forecast

Italy's Autogrill revised (11-Oct-2009) its previous 2009 revenue forecast, based on average exchange rates of EUR/USD 1:1.40 and EUR/GBP 1:0.9. Details include:

• Revenue: EUR5,700 million;
• EBITDA: EUR600 million;
• EBITDA margin: 10.5%;
• Capita expenditure: EUR160 million. [more]

Autogrill: "Higher selectivity in investments and the numerous measures taken to boost operating efficiency should enable the Group to maintain the strong cash flow generation recorded 1H2009, thus closing 2009 with a significant reduction in net financial indebtedness, which is expected to be below EUR2 billion," Company statement. Source: Autogrill, 11-Oct-2009.