Financial Highlights

Highlights

(m€)20122011Variation
2011At constant
exchange rates
Revenues6,077.65,844.64.0%(0.1%)
EBITDA589.9617.0(4.4%)(8.4%)
% on revenues9.7%10.6%  
EBIT
251.9303.0(16.9%)(21.1%)
% on revenues4.1%5.2%  
Net income
96.8126.3(23.4%)(29.1%)
% on revenues1.6%2.2%  
Net cash flow from operations
418.8314.1  
Net capex
280.9209.434.1%35.1%
% on revenues4.6%3.6%  
Earnings per share (€ cents)
    
basic38.249.8  
diluted38.249.5  
(€m)
31.12.201231.12.2011Variation
31.12.2011At constant
exchange rates
Net invested capital
2,343.32,352.2(8.8)(11.1)
Net financial indebtedness
1,494.71,552.8(58.1)(59.7)

Table for the determinaton of the economic value

(k€) 2012 2011 2010
Economic value generated by the Group
6,793,718 6,540,237 6,124,400
Revenues
6,816,810 6,554,285 6,138,735
Net profit from transferred assets
0 0 24,960
Financial revenues
2,648 2,199 7,582
Value adjustment of financial activities
(362) (733) (451)
Bad debt
(987) (376) (1,227)
Impairment loss of tangible and intangible assets
(24,391) (15,138) (45,199)
       
Economic value distributed by the Group
6,373,764 6,185,678 5,766,444
Operating costs
4,671,993 4,459,491 4,076,635
Compensation to employees
1,519,578 1,453,416 1,422,444
Compensation to investors and sharesholders
105,750 168,772 155,456
Compensation to Public Administration
75,884 103,496 111,290
External liberalities
560 503 619
       
Economic value retained by the Group
419,953 354,559 357,956
Amortization and depreciation 313,632 298,839 305,017
Provisions 9,568 367 10,557
Reserves
96,753 55,353 42,382

Distribution of the economic value

Distribution of the economic value

Autogrill Group’s cost of labor

(k€) 2012 2011 2010
Wage and salaries
1,209,414 1,157,313 1,128,869
Social and welfare charges
218,813 208,151 200,808
Benefits to employees
30,928 27,530 27,662
Other costs
78,559 79,622 84,756
TOTAL 1,537,714 1,472,616 1,442,094

Group’s value acquired by type of goods

(k€)Food & BeverageTravel Retail
& Duty-Free
Group
North America
& Pacific area
Europe
2012    
Catering
458,970313,458839773,267
Retail103,925477,465814,1651,395,555
Other
18,636582,3214,985605,942
Total581,5311,373,244819,9892,774,764
     
2011    
Catering
414,184317,076879732,139
Retail95,005538,190796,2211,429,416
Other
15,500550,794(31,950)534,344
Total524,6891,406,060765,1502,695,899
     
2010    
Catering
397,166312,091877710,134
Retail99,351533,409750,4861,383,246
Other
14,626296,581(17,583)293,624
Total511,1431,142,081733,7802,387,004

Group’s fees and royalties

 (k€)Food & BeverageTravel Retail
& Duty-Free
Group
North America
& Pacific area
Europe
2012    
Costs for rents and concessions
309,856288,428614,8961,213,180
Royalties for the use of brands
72,3508,91357481,837
Total382,206297,341615,4701,295,017
     
2011    
Costs for rents and concessions
281,243291,175550,6831,123,101
Royalties for the use of brands
63,4406,85554470,839
Total344,683298,030551,2271,193,940
     
2010    
Costs for rents and concessions
284,670292,686504,9061,082,262
Royalties for the use of brands
60,4757,27878068,533
Total345,145299,964505,6861,150,795