Dufry's performance for first quarter 2014 is on growth mode
Dufry's turnover grew by 9.0% in constant FX rates and reached CHF 775.0 million in the first quarter of 2014. EBITDA reached CHF 89.1 million and EBITDA margin was 11.5% in the quarter. Cash flow before working capital grew by 15.6% and reached CHF 93.6 million.
Consolidation of concession portfolio and growth acceleration deliver solid results for Dufry Group in 2013
Dufry had a strong performance in the financial year 2013. Turnover grew by 13.3% to CHF 3,571.7 million, with organic growth accelerating to 4.8% in the fourth quarter 2013. EBITDA reached CHF 511.1 million, with an EBITDA margin of 14.3%. Net cash from operating activities grew by 13.8% and reached CHF 435 million in 2013.
Dufry completes the acquisition of the 49% stake in Hellenic Duty Free and issues and lists 1,231,233 new registered shares
Dufry has completed the acquisition of the remaining 49% equity stake in Hellenic Duty Free. In connection therewith, Dufry has issued 1,231,233 new registered shares which will be listed on the SIX Swiss Exchange as of today.
Dufry acquires remaining 49% stake of Hellenic Duty Free
Dufry has signed an agreement to acquire the remaining 49% equity stake of Hellenic Duty Free from Folli Follie Group. In April 2013, Dufry acquired 51% of Hellenic Duty Free, the leading travel retailer in Greece. Dufry will pay total consideration of EUR 328 million (CHF 401 million) through a combination of cash and shares.
Dufry nine month results – accelerating turnover growth
Dufry grew its turnover by 14% in the first nine months of 2013 to CHF 2,688.7 million, with growth in the 3rd quarter being 21%. EBITDA reached CHF 386.0 million and EBITDA margin was 14.4% for the 9 months (Q3 2013: 16.4%). Net cash flow from operating activities grew by 21% and reached CHF 346.6 million.
Dufry has in recent quarters substantially expanded its footprint in Asia and has now added further concessions in South Korea and China. Including these latest contract wins, Dufry will have a presence in 14 locations in Eurasia and Asia and the new projects will contribute a combined turnover around CHF 250 million per annum.
