03/08/2018
Dufry grows turnover 7.2% and achieves both record EBITDA of CHF 464.1 million and record free cash flow of CHF 330.2 million in the first half of 2018
Dufry continued to deliver solid results in the first half of 2018 with turnover growing by 7.2% and reaching CHF 4,097.1 million driven by a healthy organic growth of 5.5%. The contribution from the Business Operating Model initiative progressed very well, impacting positively the profitability with EBITDA reaching record CHF 464.1 million, a growth of 12.9% versus the same period last year. EBITDA margin expanded by 50 basis points to 11.3% in the first half of 2018. Both, free cash flow and equity free cash flow were the strongest ever for a first semester, reaching CHF 330.2 million versus 127.6 million in H1 2017 and CHF 222.2 million versus CHF 16.5 million, respectively.
