Autogrill Spa (fka ATGSF)

[Enterprising Investor]

Autogrill grows in North American airports (3/01/16)

The Group is awarded two new contracts at the airports of Baltimore/Washington and Greensboro, a new entry for Autogrill
Expected total revenues in excess of 180 million dollars over the 10 year duration of the contracts

Through its subsidiary HMSHost, Autogrill (Milan: AGL IM) is strengthening its operations in the North American market having been awarded two new contracts at the airports of Baltimore/Washington (Maryland) and Greensboro (North Carolina).

Under these agreements Autogrill expects to generate total revenues of over $180m in the ten year duration of the two concessions: over $130m at Baltimore/Washington and around $50m at Greensboro.

The Group will operate 13 points of sale: four new ones in Baltimore in addition to the existing three, and six new ones in Greensboro.

Baltimore/Washington International Thurgood Marshall Airport, is the 23rd busiest airport in North America. In 2015 it set an annual record 23.8 million passengers. Its five terminals have 82 gates. In this airport the Group will offer to travellers an offering of restaurants driven by famous chefs - Family Meal, of the renowned Maryland chef Bryan Voltaggio, and Kapnos Marketa, of chef Mike Isabella – as well as the Brix & Vine wine bar and four Starbucks coffee houses.

Piedmont Triad International Airport, Greensboro is North Carolina’s 3rd airport, with around 280 departures/arrivals a day. Built in 1982, the terminal has been extended and renovated over the years and now has 26 gates moving annual traffic of nearly a million passengers. At the airport the Group will operate six point of sale and upgrade offerings with the PGA TOUR Grill concept, a restaurant that marries the world of golf with a great eating experience, and The Local @ GSO, for travellers who want to discover the authentic taste of the region. The other points of sale include The Great American Bagel, a prize-winning bagel bakery, ACC American Café, where specialities can be enjoyed in a sporting ambience, and two Starbucks coffee houses.

http://www.autogrill.com/en/press-releases/autogrill-grows-north-american-airports-0