March 9, 2017 / 2:40 PM / 5 months ago

Autogrill targets dividend payout of 40-50 pct

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MILAN, March 9 (Reuters) - Italian airport and motorway caterer Autogrill plans to pay between 40 and 50 percent of its net income as dividends to shareholders in the next few years, after reporting a 53 percent rise in its 2016 net profit.

The group also said it expected sales to grow on average between 5 and 7 percent per year between 2016 and 2019.

Last year, revenue rose 4.6 percent at constant exchange rates to 4.5 billion euros. (Reporting by Francesca Landini, editing by Valentina Za)

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