Avolta’s HMSHost Brings New Taste of Memphis to Concourse B at Memphis International Airport — The Wise Omega Bodega
The New Bar Offers Wine, Spirits, and Ready-to-drink Canned Cocktails, and Gives Travelers a Taste of Memphis through Craft Beer
Avolta ready for next era: changes ticker to AVOL and unveils avoltaworld.com
Avolta AG announces that its shares (ISIN CH0023405456, Swiss Security No. 2340545) will start trading today on the Swiss Stock Exchange as (SIX: AVOL). With its inclusive and engaging visual identity as showcased on avoltaworld.com, Avolta now leads the way as the company aligns under a single, united and strategic global brand to fully realise its Destination 2027 strategy.
Dufry shareholders approve the change of the company name to Avolta AG
An Extraordinary General Meeting of Dufry AG was held today in Basel, Switzerland. At the meeting, the shareholders resolved to change the company name of Dufry AG to Avolta AG. A total number of 99,885,200 shares was represented, corresponding to 66.36% of the total share capital of Dufry AG.
Dufry delivers strong and resilient 9M 2023: Turnover of CHF 9,383 million, CORE EBITDA margin of 9.5% and EFCF of CHF 305 million
Dufry – soon to be named Avolta – confirms the delivery of a strong set of Quarter Three 2023 (+16.0% Organic Growth1) and Nine Months 2023 numbers, as a result of its global portfolio and its clear strategy designed to drive growth, resilient profitability and cash generation. Yet another quarter has shown the value of the Dufry-Autogrill combination: more diversified and resilient, Dufry is driving the Travel Experience Revolution.
Dufry, soon to be Avolta, announces strategic partnership with Hubei Airport Group as master concessionaire at Wuhan Tianhe Airport’s Terminal 2
Dufry – soon to be named Avolta – strengthens its market presence and underlines its confidence in the China market by forming a joint venture with Hubei Airport Group to operate the Wuhan Tianhe Airport’s Terminal 2 as master concessionaire – an airport with over 27 million passengers in 2019. Within the partnership, Dufry fully leverages its newly enhanced capabilities resulting from the Dufry-Autogrill business combination to showcase innovative travel retail, F&B, convenience and hybrid concepts, optimizing revenue generation and elevating the travel experience across a footprint of 77 stores and 13,000 m2.
Invitation to Dufry’s Q3 Trading Update 2023
Dufry is delighted to invite you to our Q3 Trading Update 2023 Video Conference Webcast:Thursday, 02 November 2023at 14.30h CET
Dufry Publishes Invitation to its Extraordinary General Meeting on November 03, 2023
Today, Dufry has published the invitation to its Extraordinary General Meeting 2023. The event will take place on November 3, 2023, at 09.30 a.m. CET (doors open at 09.00 a.m. CET), at Radisson Blu Hotel, Steinentorstrasse 25, 4051 Basel, Switzerland.The Extraordinary General Meeting invitation and agenda can be accessed here: 2023 Extraordinary General Meeting.
Dufry Group to become Avolta: A unified brand, reflecting the Dufry-Autogrill business combination, taking the lead in the travel experience revolution across Retail and F&B
Dufry Group will transition to Avolta, a new brand identity representing the Dufry and Autogrill combination. More diversified and resilient together, both geographically and on business lines, Avolta reflects the company’s long-term vision by putting the travelers’ needs at its core. Unifying the travel retail and food & beverage (F&B) businesses under a single company name – the next step in an already effective integration, characterized by the company’s notable performance.
Dufry further increases financial flexibility, eliminates refinancing risk while continuing to focus on deleveraging
Dufry has successfully concluded the execution of the “Accordion” option for its current 2027-maturity Revolving Credit Facility (RCF) agreement. Based on strong interest from existing and new lending banks – teamed with long-standing Autogrill partners – Dufry achieved the maximum agreed increase, now securing access to EUR 2,750 million. Dufry maintains a well-balanced debt profile in regard to maturity, interest cost and flexibility with no refinancing risk in the near- and mid-term.
Dufry delivers strong results with Turnover of CHF 5.7 billion, 31.5% Organic Growth, and successfully completes Autogrill combination
Dufry reports continued growth and strong performance with its first half 2023 results, delivering on all performance indicators. Autogrill was successfully delisted in July, coming together as One Team. Dufry reconfirms the announced synergies while executing its Destination 2027 strategy to deliver long-term sustainable performance.
Dufry retains all relevant business in Spain, expanding floorspace by more than 30%
Dufry wins all bids tendered for in Spain Aena awards Dufry the lots of Andalusia-Mediterranean, the Balearic Islands, the Canary Islands, Catalonia and Madrid for twelve years, including 21 airports and 120 outlets covering around 60,000 m2 and serving approximately 132 million travellers annually (2019)Space awarded represents an additional 30% compared to the previous setup, as well as a material increase in sales categories First time incorporation of F&B concepts into the Retail spaces signals big move towards Hybrid by one of the largest global airport operators The new contracts will be accretive to Dufry’s profitability and cash flow
Dufry secures additional S&P Global Ratings Upgrade to BB with Outlook Stable, further increases its 2027 Revolving Credit Facility
Marking the second upgrade this year, after an earlier upgrade in March, S&P Global Ratings have now further upgraded Dufry’s credit rating to BB, Outlook Stable. S&P Global Ratings’ action was based on Dufry’s strong performance, the continued momentum in travel as well as the successful completion of the business combination with Autogrill. Additionally, Dufry increases its Revolving Credit Facility (RCF) to EUR 2’675 million.
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