March 8, 2018 / 1:23 PM / 2 months ago

Italy's Autogrill ups EPS guidance, shares rise 3 pct

MILAN, March 8 (Reuters) - Italian travel caterer Autogrill improved it earnings per share guidance on Thursday to include the impact of the U.S. tax reform, pushing its shares up more than 3 percent.

The Milan-based group — which runs food outlets at some of the busiest airports and motorways in the world — said earnings per share (EPS) would grow 20 percent on average between 2016-19, up from a previous estimate of 15 percent.

Last year’s earnings before interest, taxes, depreciation and amortisation (EBITDA) fell 1.6 percent at constant exchange rates to 399 million euros ($495.4 million), broadly in line with a Thomson Reuters SmartEstimate of 404.1 million euros.

The stock was up 2.3 percent by 1318 GMT, outperforming a 0.6 percent rise in Milan’s all-share index. ($1 = 0.8053 euros) (Reporting by Giulio Piovaccari; editing by Agnieszka Flak)

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