Key Figures

Historical Proforma Financial Figures

On February 3rd 2023, Dufry, global leader in Travel Retail, successfully closed the business combination with Autogrill, global leader in Travel Food & Beverage, becoming Avolta. To guide stakeholders through the comprehension of the new Group perimeter going forward, Avolta is providing a set of Historical Combined Financial Figures on a Proforma basis. These Figures are based on Dufry’s alternative performance measures (APM).

HISTORICAL PROFORMA FINANCIAL FIGURES
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Alternative Performance Measures 

With the half-year results 2022, Dufry introduced a new reporting format for its alternative performance measures (APM). CORE figures represent the full business. Avolta believes that disclosing adjusted results of the Group’s performance enhances the financial markets’ understanding of the company because the adjusted results enable better comparison across years. These CORE figures exclude acquisition-related amortizations and expenses. In addition, the CORE figures exclude the accounting impact resulting from IFRS 16 lease accounting standard. This is achieved by reversing IFRS 16 related profit or loss line items (i.e. depreciation of right-of-use assets and lease interest) and adding the relevant concession fee owed based on the corresponding concession agreement. We consider all our concession fees and corresponding payments as CORE to our business, in contrast to IFRS 16, which treats fixed payments as a financing activity. In addition, we believe that the straight-line depreciation of right-of-use assets does not reflect the economic reality of our business and the operational performance of our Group. Avolta uses these adjusted results in addition to IFRS as important factors in internally assessing the Group’s performance. Please refer to Dufry's Full Year and Half-Year Reports for further details.

IFRS 16 TEACH IN PRESENTATION
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Dufry's Half Year 2023 Results

Find all information on Dufry’s Half Year 2023 Results here.

Dufry's standalone 5-year overview

 

Financial Key Figures

* Non-Gaap performance measures, refer to Dufry HY and Annual Report for further details

Operational Key Figures

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  31.12.2018 31.12.2019 31.12.2020 31.12.2021 31.12.2022
Europe, Middle East and Africa 645 816 787 735 725
Asia Pacific 197 65 60 60 67
Americas 1,504 1,548 1,511 1,533 1,445
Total 2,346 2,429 2,358 2,328 2,237

 

SQM

  31.12.2018 31.12.2019 31.12.2020 31.12.2021 31.12.2022
Europe, Middle East and Africa 175,611 213,572 215,373 210,642 214,674
Asia Pacific 50,218 22,691 22,874 22,994 25,060
Americas 228,042 233,727 230,795 235,944 231,834
Total 453,871 469,990 469,042 469,580 471,569

 

Global Presence

  31.12.2018 31.12.2019 31.12.2020 31.12.2021 31.12.2022
Countries                                        65 65 64 66 62
Locations                                        416 427 430 423 416

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