Press Releases & Ad Hoc Announcements

  • 12/10/2012

    Dufry to issue U.S. dollar denominated Senior Notes

    Dufry plans to issue U.S. dollar denominated Senior Notes with a target deal size of approximately USD 500 million. Proceeds from the offering are intended to be used for refinancing existing bank indebtedness maturing in 2013. The issuance will further improve the maturity profile of the Company's financial indebtedness.

  • 11/10/2012

    Dufry share offering prices at CHF 109 per share

    Basel, Switzerland, October 11, 2012, Dufry AG (“Dufry” or the “Company”) has successfully priced its offering of shares (the “Offering”), which was announced yesterday. Dufry has placed 2,697,620 new registered shares of the Company (the “Offered Shares”) via an accelerated bookbuild procedure.

  • 10/10/2012

    Dufry announces launch of share offering

  • 10/10/2012

    Dufry's conference call on the acquisition of majority stake in travel retail operations of Folli Follie Group

  • 10/10/2012

    Dufry to add attractive business in major tourist destination – acquisition of majority stake in travel retail operations of Folli Follie Group

    Dufry has signed an agreement to acquire 51% of the travel retail business of Folli Follie Group. The business is the leading travel retailer in Greece with 111 shops, more than 18,000 square meters of retail space and an attractive concession portfolio with long duration. In 2011, the business generated turnover of EUR 291 million, of which more than 80% came from international customers. EBITDA in 2011 was EUR 84 million, with an EBITDA margin of 29.0%. The acquisition is consistent with Dufry's growth strategy focused on emerging markets and tourist destinations and will strengthen its position in the Mediterranean region, the world's biggest tourist destination.Folli Follie Group will carve-out its travel retail business, which will enter a new local non-recourse bank facility of EUR 335 million. Dufry will acquire a 51% shareholding in the target business for EUR 200.5 million. Dufry plans to finance the consideration for the 51% stake, as well as shareholder structuring of EUR 28 million and transaction costs through an equity increase of approximately EUR 250 million by issuing shares from existing authorized capital. Dufry has the option to acquire the remaining 49% in four years time at fair market value.Dufry will integrate the business into its existing operations and expects to generate significant synergies through increasing spend per passenger, gross margin improvements and reorganisation of back-office functions. Overall, Dufry estimates annual synergies to reach around EUR 10(1)million within 18 months of closing.The transaction has highly attractive financial metrics:Target has industry-leading EBITDA marginsPost-synergy EV/EBITDA acquisition multiple of 7.9xTransaction is Cash EPS accretive in first full-year (pre-synergies)With this transaction Dufry further strengthens its position as the leading global travel retailer: On a pro forma basis and based on current exchange rates, Dufry including Folli Follie's travel retail business, generated a combined turnover of approximately CHF 3,388 million and EBITDA of approximately CHF 553 million(2).

  • 24/09/2012

    Media Release,Basel, September 24, 2012

  • 30/07/2012

    Continued strong growth and margin expansion of Dufryin the first half of 2012

    Dufry continued to perform strongly in the first half of 2012 with turnover growth of 28.4%. Gross margin increased by 0.8 percentage points and reached 58.8%. EBITDA grew by 48.4% to CHF 220.1 million and EBITDA margin reached 14.5%, 190 bps higher than in the same period in 2011.

  • 17/07/2012

    Conference Call on Dufry's Half Year 2012 Results on July 30, 2012

  • 07/06/2012

    Dufry Group announces its new organizational structure

    Dufry Group is carrying out an internal reorganization in order to deliver further sustainable growth and value creation for its shareholders in the future. Main changes include the re-shaping of the regional structure with greater responsibilities decentralized to the regional level.

  • 03/05/2012

    Dufry with an excellent start into 2012

  • 02/05/2012

    Results of Ordinary General Meeting of Dufry AG on May 2, 2012

  • 19/04/2012

    Conference Call on Dufry's First Quarter 2012 Results on May 3, 2012

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