We achieved important objectives of various kinds in 2013, the foremost regarding the main strategic event of the year: the proportional partial demerger of Autogrill S.p.A. in favour of WDF S.p.A. The demerger enabled us to offer the stock market two distinct investment opportunities, both leaders in their sectors, Travel Retail and Food & Beverage.
As a result of the demerger we are now totally focussed on the Food & Beverage business and have defined our growth strategy along three lines: renewal of the offering, expansion into new geographies and repositioning of business channels.
With respect to the renewal of the offering, we are concentrating on the design of new commercial concepts and the stipulation of agreements with the brands that are most innovative and in line with the increasingly diversified needs of our customers.
In 2013 passenger traffic at worldwide airports grew by 3.9%, thanks especially to a 5.2% increase
in the international component. In 2013, passengers in North America numbered 1.2 billion, an increase of 1.3% on the previous year. In Europe there were around 1.3 billion passengers, an increase of 2.6% on the previous year, thanks to the solid growth in international traffic (+3.6%5). Asia, with about 1.1 billion passengers, had a traffic growth with an increase of 7.2%. Revenue generated by the air transport sector amounted to $ 566 billion for the year.
In Italy, traffic decreased by a total of 1.7%, with heavy traffic showing the performance -2.3% due to the ongoing economic difficulties. Light traffic declined by 1.5%. In the United States, traffic showed a relatively minor decrease (-0.2%) with respect to the previous year.