24/09/2024

Avolta leverages regional economic slow-down to fast-track APAC strategy: enters into deal to acquire Free Duty, funded by cash on balance sheet with no impact to the deleveraging commitments

Avolta (AVOL: SIX), leading global travel experience player across retail and F&B, has entered into a deal to acquire 100% of Free Duty from NWS Holdings Limited (0659. HK), a conglomerate with a diversified portfolio of market-leading businesses predominantly in Hong Kong and the Mainland. The deal would see Avolta’s positioning significantly strengthened in the Asia Pacific (APAC) region, gaining access to 150 million travelers and increasing regional sales by CHF 250 million. The acquisition of Free Duty, a leading border travel retail operator in Hong Kong and the Greater Bay Area, would lead towards an early delivery of Avolta’s Destination 2027 strategy in APAC, generating accelerated revenue growth at attractive margins. The closing of the transaction is subject to customary conditions precedent.

23/09/2024

Avolta’s HMSHost to Grow Its Presence at Phoenix Sky Harbor International Airport Under Newly Awarded 10-Year Contract

Travel dining leader will develop nearly 4,600 ft² (1,400m²) of added food and beverage space that will include partnerships with celebrity chef Guy Fieri and a renowned Arizona distillery.

12/09/2024

Avolta’s Hudson Signs Seven-year Contract with Pittsburgh International Airport to Open Six New Retail Stores

As part of PIT’s USD 1.57 billion Terminal Modernization Program, Hudson will grow its presence, opening new stores across 8,000 ft² (2,400 m²) of retail space that blends travel essentials and global brands with the spirit of Pittsburgh. 

15/08/2024

Avolta wins 5-year F&B contract for two stores at Norway’s Stavanger Airport, welcoming Michelin-recognized Sven Erik Renaa’s new concept to the Departures Terminal

Leading global travel experience player Avolta AG (SIX: AVOL) today celebrated the official opening of its two new F&B outlets, Sirkus Renaa and Crafts - Rogaland Gastropub at Stavanger Airport. The two stores are the result of a new five-year contract win, reinforcing Avolta’s presence as the sole F&B operator within the Domestic Departures Terminal and aligning with the company’s commitment to create a strong sense of place for travelers with local flavors and downtown heroes.

30/07/2024 Ad hoc

Avolta reports strong H1 turnover growth of +11% with uninterrupted positive momentum into H2

Supported by a strong global business model, Avolta reports for the sixth consecutive quarter a strong performance across all KPIs. In H1, the company delivers an impressive CORE turnover growth of +11.0%, organic growth of +7.1%, with EBITDA margin increasing by +40bps year-on-year to 9.0% and an EFCF of CHF 213.5 million. The strong H1 performance reinforces Avolta’s confidence for H2 and beyond as it delivers on its Destination 2027 strategy. 

22/07/2024

Avolta Expands and Renews its Perth Airport Duty Free Contract to 2031, Unveils Airport Retail Transformation

Avolta (SIX: AVOL), leading global travel experience player, is thrilled to announce the renewal and extension of its duty-free contract with Australia’s Perth Airport to 2031. Using sustainable design principles, the contract includes nearly 3,000 m² of commercial space across four stores, and centers on the transformation of Avolta’s Terminal 1 Departures store into a state-of-the-art walkthrough space. Avolta and Perth Airport are set to redefine the travel retail experience, creating a new environment for local travelers and tourists alike.

15/07/2024

We are delighted to invite you to our Half Year 2024 Results Presentation Webcast: Tuesday, July 30th 2024 at 14:30 CEST

05/07/2024

Avolta expands Africa footprint with new ten-year contract for Duty-Free store at Murtala Muhammed International Airport’s new terminal, Lagos, Nigeria

Avolta AG (SIX: AVOL), leading travel experience player, celebrated today the opening of its new Duty-free store at Murtala Muhammed International Airport in Lagos, the largest airport in Nigeria and one of the busiest in Africa. This expansion in Africa’s powerhouse economy – and one of the most extensive network of international and domestic airports in the continent – represents a major landmark in enhancing Avolta’s market presence, showcasing a fine selection of products across key categories with a strong local flavor.

26/06/2024

Avolta continues its expansion in APAC, securing a seven-year Duty Free contract at Macau International Airport

Leading global travel experience player Avolta AG (SIX: AVOL) is reinforcing its presence in Macau, the tourism magnet of southern China. The company is thrilled to announce a new seven-year contract to operate key categories in Duty Free as well as General Merchandise at Macau International Airport. The contract marks a significant enhancement of our presence within the Asia Pacific region, covering an additional total area of over 600 m2 across four commercial spaces.

18/06/2024

Avolta and DB Schenker partnership pioneers marine biofuel in Barcelona-Miami transport route

Avolta, the leading global travel experience player, celebrates its trailblazing agreement in Spain with DB Schenker, the world's leading logistics service provider, for the transport of goods using marine biofuel between Europe and the United States. This is the first contract of its kind in the Spanish market and places Avolta among the pioneering companies in low-emissions maritime transport.

10/06/2024

HMSHost Awarded New 15-Year Contract to Bring Fresh Dining Options to North America’s Sacramento International Airport

Leader in travel dining will bring a strong flavor of Sacramento to the airport, introducing outposts of locally loved restaurants and national brands, enhancing the passenger experience by transforming nearly 16,700 ft2 of concessions space across Terminals A and B.

05/06/2024

Avolta and utu Unleash 25% More Spending Power at Milan Airports with VAT Refund Innovation

Avolta, the leading global travel experience player, and utu, a travel fintech company, are launching a pilot programme to maximize Duty-free shopping opportunities by enhancing the VAT refund process at Milan’s Malpensa Airport Terminal 1 and Milan Linate Airport in Italy. The innovative programme offers travelers 25% more spending power by upcycling city-side VAT refunds, aiming to unlock significant airside Duty-free revenue growth.