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Overview

HIGHLIGHTS
The Group operates in three business segments: catering (“Food & Beverage”), airport retail (“Travel Retail & Duty-Free”), and the provision of meal and retail services onboard airplanes (“Flight”).
 
BUSINESS SEGMENTS

In sintesi 

HIGHLIGHTS

Overview

Food & Beverage

HIGHLIGHTS
In 2009, Food & Beverage sales came to €  3,787.3m, compared with €  3,934.3m in 2008 (–3.7% or –6.2% pro forma).

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Food & Beverage

Food & beverage is its historical business and is well developed mainly in North America and Europe.

BUSINESS SEGMENTS

Food & Beverage 

HIGHLIGHTS - FOOD & BEVERAGE

Food & Beverage

Travel Retail & Duty Free

HIGHLIGHTS

 Travel Retail & Duty-Free closed the year with revenue of €  1,538.1m, an increase of 7.6% with respect to the previous year’s €  1,429.0m.

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Travel Retail & DutyFree

Developed in the last years, the travel retail & duty free business is concentrated mostly in Spain and in the UK.

BUSINESS SEGMENTS

Travel Retail & Duty Free 

HIGHLIGHTS - TRAVEL RETAIL & DUTY FREE

Travel Retail & Duty Free

Flight

HIGHLIGHTS
 In 2009 the Flight segment grossed € 403m, down from €431.2m in the previous year (–6.5%, or –2.0% pro forma).
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Flight

The flight business serves airlines and operates from the U.K., Central Europe, Australia and the Middle East.

BUSINESS SEGMENTS

Flight 

HIGHLIGHTS - FLIGHT

Flight

Letter from the Chairman

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Dear Shareholders, 2009 was a particularly challenging and complex year: traffic continued to wane in the airport channel, while the decline was less pronounced in the motorway channel thanks to the stability of light vehicle traffic. Signs of a recovery were only detected toward the end of the year.

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