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Italy's World Duty Free sees 2014 EBITDA at up to 265 mln euro
August 1, 2014 / 12:16 PM / 3 years ago

Italy's World Duty Free sees 2014 EBITDA at up to 265 mln euro

LONDON, Aug 1 (Reuters) - Travel and duty-free retailer World Duty Free Group on Friday said it expected full year earnings before interest, tax, depreciation and amortisation (EBITDA) to hit 255-265 million euros ($341.67-$355.07 million).

The company, which was spun off from highway restaurants operator Autogrill in Oct. 2013, said second-quarter stood at EBITDA at 71 million euros, slightly higher than a year ago.

Revenues in the period rose 15.9 percent to 608.5 million euros.

$1 = 0.7463 Euros Reporting by Oleg Vukmanovic, editing by Valentina Za

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