Financial highlights

Autogrill Group Revenues


 
(€m) 

 
FY 2011 

 
FY 2010 
Variation 
2010  On a like-for-like
basis
Revenues  5,844.6  5,703.5  2.5%  4.0% 
EBITDA  617.0  605.4  1.9%  3.8% 
% on revenues  10.6%  10.6%     
EBIT  303.0  255.2  18.7%  21.8% 
% on revenues  5.2%  4.5%     
Net income  126.3  103.4  22.1%  26.7% 
% on revenues  2.2%  1.8%     
Net cash flow from operations  315.4  491.7     
Net capex  209.4  219.2  (4.5%)  (6.0%) 
% on revenues  3.6%  3.8%     
Earnings per share (€ cents)       
- basic  49.8  40.7     
- diluted  49.5  40.6     

 

Table for the determination of the economic value

(€k)  2011  2010  2009 
Economic value generated by the Group  6,540,237  6,124,400  5,548,899 
Revenues  6,554,285  6,138,735  5,554,562 
Profit from discontinued operations  24,960  20,433 
Financial income  2,199  7,582  5,874 
Impairments losses on financial activities  (733)  (451)  (127) 
Bad debt  (376)  (1,227)  (1,001) 
Devaluations for value losses of tangible and intangible assets  (15,138)  (45,199)  (30,842) 
       
Economic value distributed by the Group  6,185,678  5,766,444  5,177,184 
Operating costs (suppliers)  4,459,491  4,076,635  3,628,404 
Compensation to employees  1,453,416  1,422,444  1,311,494 
Compensation to investors and shareholders  168,772  155,456  113,445 
Compensation to Public Administration  103,496  111,290  123,461 
External liberalities (Community)  503  619  380 
       
Economic value retained by the Group  354,559  357,956  371,715 
Amortization and depreciation  298,839  305,017  308,975 
Provisions  367  10,557  25,726 
Reserves  55,353  42,382  37,014 
2009 data was adjusted after the sale of Alpha Flight Group Ltd “Flight” business to Dnata completed in December 2010

 

Distribution of the economic value

Distribution of the economic value

 

Autogrill Group’s cost of labor

(k€)  2011  2010  2009 
Wages and salaries1,157,313 1,128,869 1,039,285 
Social and welfare charges
208,151  200,808  191,007 
Employee benefits
27,530 
27,662 
25,708 
Other costs79,622 
84,756 
71,480 
Total
1,472,616  1,442,095
1,327,480 

 

Group value acquired by type of goods



(k€) 
Food & Beverage Travel Retail
& Duty-Free

Group
North America
& Pacific area
Europe
2011         
Catering
414,184  317,076  879  732,139 
Retail  95,005  538,190  796,221  1,429,416 
Other
15,500  550,794  (31,950)  534,344 
Total
524,689  1,406,060  765,150  2,695,899 
     
2010         
Catering
397,166  312,091  877  710,134 
Retail  99,351  533,409  750,486  1,383,246 
Other
14,626  296,581  (17,583)  293,624 
Total
511,143  1,142,081  733,780  2,387,004 
     
2009         
Catering
361,398  300,881  645  662,924 
Retail  94,872  498,118  713,299 

1,306,289 

Other
15,962  86,714  (15,597)  87,079 
Total
472,232  885,713  698,347  2,056,292 

 

Group fees and royalties



(k€) 
Food & Beverage  
Travel Retail
& Duty-Free

Group
North America
& Pacific area
Europe
2011         
Costs for rents and concessions  281,243  291,175  550,683  1,123,101 
Royalties for the use of brands  63,440  6,855  544  70,839 
Total  344,683  298,030  551,227  1,193,940 
         
2010         
Costs for rents and concessions  284,670  292,686  504,906  1,082,262 
Royalties for the use of brands  60,475  7,278  780  68,533 
Total  345,145  299,964  505,686  1,150,795 
         
2009         
Costs for rents and concessions  263,555  278,956  459,492  1,002,003 
Royalties for the use of brands  56,506  4,490  485  61,481 
Total  320,061  283,446  459,977  1,063,484