Media

05/11/2020

Dufry Opens its New Brand Paradise ANECDOTE at The Circle, Zurich Airport

Dufry opened today its new brand paradise ANECDOTE located at the Circle at Zurich Airport, with an offering ranging from global top brands to local premium labels at very attractive prices.

03/11/2020

Continued gradual improvements in Third Quarter 2020, with Dufry successfully implementing strategic initiatives and increased efficiencies

Turnover reached CHF 2,073.9 million with organic growth^[1] -67.8% during the nine months of 2020, and CHF 487.0 million with organic growth -79.7%for Q3 2020 Further costs savings^[2] in Q3 2020 reaching a total CHF 760 million in the nine months 2020 yoy, in line to reach the total savings target of around CHF 1 billion for full-year 2020 New organization implemented; Hudson reintegration and Group restructuring to be finalized in Q4 2020, generating recurring cost savings of at least CHF 400 million Successful execution of rights issue, with Advent International and Alibaba Group taking a stake in Dufry, generating total gross proceeds of CHF 890 million to be used to finance Hudson buy-out and for strategic growth opportunities Dufry and Alibaba Group in process of setting up strategic joint-venture for travel retail in China and digital transformation by the end of 2020 Confirmation of cash flow scenarios for H2 2020, with cash consumption of CHF 51 million in Q3 2020 and liquidity position of CHF 2,065 million as of end September pro-forma (including net proceeds from capital increase and cash outflow from Hudson Transaction)

29/10/2020

Historical Information on New Organizational Setup

Following the reorganization announced in June 2020, Dufry started to report under a new organizational setup as of September 1, 2020. Headquarters and divisions were integrated and countries have been grouped to better align the organization to the new business environment, to increase efficiencies and simplify the decision-making processes. In line with operational management, Dufry reports the new regional setup from Q3 2020 onwards.

29/10/2020

Changes in Dufry's Global Executive Committee

Jose Antonio Gea stepping down as Deputy Group CEO and member of the Global Executive Committee (GEC) Salvatore Aricò appointed to the Global Executive Committee as Chief Organization & Transformation Officer

22/10/2020

Invitation to Dufry's Nine Months 2020 Trading Update Conference Call on November 03, 2020

Dufry is pleased to invite you to our Nine Months 2020 Trading Update Conference Call on November 3, 2020 at 14.30h CET that day.

20/10/2020

Dufry announces final number and offer price of new shares to be issued in connection with its capital increase

Dufry AG (SIX: DUFN) (“Dufry”) announces that it has successfully concluded the rights offering. The offer price of the new shares was set at CHF 33.22 per share, corresponding to the volume weighted average price of the existing shares as of market close on October 19, 2020, in line with the pricing mechanism publicly communicated on October 6, 2020. All 24,696,516 offered shares were sold in the offering, resulting in expected gross proceeds of CHF 820 million.

19/10/2020

Dufry announces rights take-up in connection with its rights offering

Dufry AG (SIX: DUFN) (“Dufry”) announces that further to the ordinary capital increase, approved by the Extraordinary General Meeting on October 6, 2020, to increase the share capital of Dufry through the issuance of up to 24,696,516 new registered shares (the “New Shares”) and the related “at-market” rights offering, subscription rights for 10,612,024 New Shares have been exercised by existing shareholders, corresponding to 42.97% of the New Shares offered. Subscription rights not exercised have lapsed at the end of the rights exercise period, which ended at 12:00 noon CEST on October 19, 2020.

06/10/2020

Results of the Extraordinary General Meeting of Dufry AG on October 6, 2020

The Extraordinary General Meeting of Dufry AG was held at the offices of Dufry AG at Brunngässlein 12, 4052 Basel, Switzerland, on October 6, 2020 at 14.00 hrs. The meeting was held without the presence of shareholders based on Article 27 of the Ordinance 3 issued by the Swiss Federal Council on measures to prevent coronavirus (COVID-19) of June 19, 2020, validly convened and constituted, and shareholders duly registered in the share register of the Company representing 23,316,224 shares and 41.96% of the total share capital of Dufry AG were represented at the meeting. All proposals of the Board of Directors have been approved by the Extraordinary General Meeting.

06/10/2020

Dufry publishes terms of the planned capital increase by way of a Rights Offering

Dufry AG (SIX: DUFN) (“Dufry”) today announces the terms of the ordinary capital increase by way of a rights offering to be approved by Dufry's Extraordinary General Meeting today, October 6, 2020. The envisaged gross proceeds of approx. CHF 700 million from the planned capital increase will be used in part to finance the acquisition of all remaining equity interest in Hudson Ltd. (NYSE: HUD) (“Hudson”) previously announced on August 19, 2020, as well as for general corporate purposes, which may include the setup and operations of the Joint Venture with Alibaba Group to pursue growth opportunities in China and to accelerate Dufry's digital transformation.

05/10/2020

Dufry and Alibaba Group have agreed to form a strategic Joint Venture in China and Alibaba Group plans an equity investment in Dufry with a target ownership of up to 9.99% of the post-offering share capital

Dufry has agreed to form a Joint Venture with Alibaba Group to partner in the Chinese travel retail marketsPartnership brings together Alibaba Group's leadership in Chinese consumer retail and digital transformation with Dufry's global travel retail expertiseAlibaba Group plans an equity investment in Dufry with a target ownership of up to 9.99% post capital increaseBased on Alibaba Group's commitment, Dufry proposes to the upcoming Extraordinary General Meeting (EGM) on 6 October 2020 to issue up to 25 million shares, resulting in a potential issue size of approximately CHF 700 millionExtension of deadline to vote at the EGM to 5 October 2020, 6pm CEST

15/09/2020

Dufry wins new, twelve-year concession at Istanbul Sabiha Gökçen International Airport

Dufry has been awarded a new concession contract at Istanbul Sabiha Gökçen International Airport to operate a total of 3,900 m² of duty-free and specialty shops until 2032. The airport is the closest hub connecting Istanbul's City Center with 137 international and 37 domestic destinations and ranks as second busiest Turkish airport welcoming more than 35 million passengers per annum. The new concession further consolidates Dufry's footprint in Turkey, where it will now be operating in four locations

11/09/2020

Extraordinary General Meeting of Dufry AG on October 6, 2020