Autogrill SPA (AGL)

Founded in 1947 as a new service for motorists, today Autogrill is one of the top international food and beverage services providers for travellers. The company employs over 57,000 people and serves 900 million travellers through 4,000 points of sale in the 31 countries where it is present. Around 90% of business is managed under concessions with owners, landlords or the operators of motorways, airport or railway stations. Managing a portfolio of 300 brands, the Autogrill share price is set and traded on the Borsa Italiana (BIT). The company’s moto is “Feeling good on the move”.

 

The global leader of catering for travellers, Autogrill serves people on the move. You can find the company’s points of sale everywhere you go, in airports, motorways, railways and many other locations. Offering its services on 4 continents, Autogrill delivers its products to its customers through a number of international and local brands. In North America Autogrill operates through HMSHost company, working in over 80 airports and around 100 gas stations across the USA.

 

The company’s roots can be traced back to 1940s, when the precursor of the modern Autogrill stations – a small outlet with a bar with tables and couches – was opened on the Milan-Turin motorway. The Pavesi Autogrill Bar grew to include a restaurant area, becoming a first resting place for Italian motorists. In just a few years after its launch, the idea became a business worth millions.

 

After mass motorisation in 1970s, there were more than 200 rest areas throughout the whole Italian motorway system, spanning across 3,900 km.

However, the oil crisis plunged the catering service into decline. In 1977, the 3 dominating catering companies – Pavesi, Motta and Alemagna – joined their efforts and merged into one entity, called Autogrill S.p.A. In 1993, Autogrill started to expand, successfully entering the international market.

 

Autogrill was invented by a young Italian entrepreneur from Navara, who got the idea to launch the first Autogrill right after World War II. Mario Pavesi, the son of a baker, opened the first Autogrill station and intended to showcase the biscuits, manufactured by their family business – Pavesi Biscuits.

 

The new food and beverage services concept became very popular during the Italian economic boom years, with mass motorisation, rapid development of a motorway network and the changing eating and drinking habits of customers.

 

Headquartered in Rozzano, Italy, Autogrill operates approximately 4,000 points of sale in 31 different countries of the world. The world’s leader in food and beverage services for travellers, Autogrill manages a portfolio of 300 international brands. The company’s team consists of over 57,000 people, serving more than 900 million travellers annually.

 

Autogrill is listed and traded on the Borsa Italiana (BIT) under the ticker symbol AGL. Join Capital.com to trade CFDs on Autogrill share price fluctuations and follow the AGL chart in real-time.