Autogrill results reveal Aldeasa growth

John Rimmer

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The Italian group's revenues for 2005 show 6.1% sales growth for Aldeasa since it completed the acquisition of the Spanish retailer on May 1 2005

Italian catering group Autogrill has announced its preliminary results for 2005, including Aldeasa's first eight months of trading under the ownership of Autogrill and Altadis joint venture Retail Airport Finance. The Spanish travel retailer contributed sales of €236.6m ($285.1m) to Autogrill since its integration into the group on May 1, representing growth of 6.1% on the same period in 2004. Aldeasa's total sales for the last eight months of the year reached just over €473m ($570m).

In 2005 Autogrill posted consolidated sales of €3.53bn ($4.25bn), up by 10.9% on 2004. Without Aldeasa and German catering joint venture Steigenberger, the group would have registered growth of only 3.3%.

Autogrill's joint purchase of Aldeasa signalled the company's determination to grow in the airport market and reduce its reliance on motorway service stations, mainly within Italy. Airport business—including Autogrill subsidiary HMSHost—now accounts for 47% of the company's revenue, compared to its motorway business at 45%.

Autogrill will announce definitive consolidated figures for 2005 on March 15.