More resistant to the corona crisis are the Autogrill locations along the motorways.
The Autogrill Group's income as of 31 August 2020 amounts to 1.4 billion euros, which corresponds to a minus of almost 56 percent compared to the same period of the previous year.
Covid-19 continues to have an impact on the travel industry, with units on motorways proving more resilient than other channels, according to Autogrill, with steadily rising trends. "Performance at airports is still poor
," says a company statement. Locations in a number of countries are still closed or quarantined. Other channels such as train stations, which rely on commuters, are taking longer to recover, especially as a result of the growing trend towards home offices.
Like-for-like sales have fallen by 56 percent since the beginning of the year
. On 31 August 2020, 45 percent of all stores were still closed. Looking at Europe alone, the figure was only 13 percent
The reduction in the Group's presence in Europe was partly offset
by new openings at airports in North America (Denver, Fort Lauderdale, Las Vegas and Seattle). The divestments of the Canadian highway business and the business in the Czech Republic were partially offset by the acquisition of Pacific Gateway in North America and the consolidation of the joint ventures in Qatar, the United Arab Emirates and Malaysia.