Press Releases & Ad Hoc Announcements

04/12/2024

Avolta teams up with Ecoalf to create new uniforms from recycled materials

Avolta (SIX: AVOL), the leading global travel experience player, announces its collaboration with Ecoalf, sustainable lifestyle brand and Spain’s first fashion company to receive the B Corporation sustainability certification in 2018, to create employee uniforms from recycled materials for the duty-free stores at the airports of Palma de Mallorca, Ibiza and Mahón. This collaboration is part of Avolta's sustainability strategy in Spain, teaming up with trusted partners to create a sustainable travel experience while supporting the communities the company works in and safeguarding the planet. 

03/12/2024

Avolta Next launches an Innovation Hub in Milan – the company’s first physical space for innovation and start-ups

Avolta Next opens a physical space dedicated to accelerating tech innovations focused on the food and beverage (F&B) sector. The five winners of an initial call for ideas have set up their operations at the Milan headquarters of Avolta’s leading F&B operator Autogrill and will develop innovative solutions and tools to improve the traveler experience. The Avolta Next Hub Milan is a testament to Avolta’s approach to innovation and its role in a major industry transformation.

02/12/2024

Avolta enters the Saudi Arabian market: new F&B contract at Riyadh’s King Khalid International Airport

Avolta AG (AVOL: SIX), the leading global travel experience player, announces its market entry in Saudi Arabia with a new contract to operate 10 food & beverage (F&B) concepts, spanning 2,125 m², across King Khalid International Airport’s Terminals 1 and 2 in Riyadh. The expansion reinforces Avolta’s presence in the Middle East while introducing new international brands to the country’s airport sector for the first time. By elevating the traveler experience Avolta contributes to Saudi Arabia’s strategy of attracting 150 million tourists by 2030.

27/11/2024

Avolta Wins Significant Tender at John F. Kennedy International Airport — another large Contract Award of 2024 in North America

In partnership with JFK Millennium Partners, Avolta companies Hudson and Dufry will set a new standard for travel retail in North America through the development of more than 2,600 m² of reimagined space with an 18-year contract in JFK’s new, state-of-the-art terminal set to open in early 2026. Combined with earlier announced wins and renewals, this new win further strengthens Avolta’s leadership in the US travel retail and F&B market.

25/11/2024

Avolta wins new ten-year contract, adds Manaus Airport to Brazil portfolio

Leading global travel experience player Avolta AG (SIX: AVOL) further extends its already significant footprint in Brazil, announcing a new ten-year contract at Manaus Airport. Avolta will operate four new stores across more than 1,000m² of duty-free and duty-paid space at the airport, which attracts over 2.8 million passengers annually, representing the addition of a critical new hub to Avolta’s network in Brazil.

18/11/2024

Avolta Secures Strategic Partnership with Shenzhen Bao'an International Airport for New Retail and Dining Contract, Marks New Footprint in China

Leading global travel experience player Avolta AG (SIX: AVOL) is pleased to announce its newest partnership and contract with Shenzhen Bao'an International Airport in China – the country’s 4th busiest* – to bring a dynamic range of retail and dining experiences to the hub. This landmark contract, effective November 2024 through 2030, further demonstrates Avolta’s strategic commitment to growth in key international markets and to bringing first-rate travel experiences to major international travel hubs. 

31/10/2024 Ad hoc

Avolta delivers another set of strong results across all KPIs in 9M and will cancel 4% of its share capital

Avolta marks its 7^th consecutive quarter of strong growth in Q3, as it continues to successfully execute its Destination 2027 strategy. The company confirms its medium-term targets and will cancel approximately 6.1 million treasury shares (4% of issued share capital) in 2024 in line with its reinforced shareholder focused capital allocation policy.

24/10/2024

Avolta successfully refinances its main bank facility

Avolta has successfully amended and extended its existing Revolving Credit Facility (RCF). The amended EUR 2,400 million RCF with maturity in 2029 replaces the EUR 2,750 million RCF expiring in 2027. 

21/10/2024

We are delighted to invite you to our 3Q Trading Update Presentation Webcast: Thursday, October 31 2024 at 14:30 CET

08/10/2024

Avolta celebrates duty-free contract win at Turkey’s new Çukurova International Airport

Leading global travel experience player Avolta AG (SIX: AVOL) further extends its presence in Turkey, announcing its first duty-free contract win at the brand new Çukurova International Airport. Avolta will make travelers happier through a locally-inspired offering across its 1,000 m² duty free space within the Departures and Arrivals areas. Recently inaugurated in the southern province of Mersin in Turkey, the new airport services a range of domestic and international destinations, with a capacity of 9 million passengers, enhancing connectivity and supporting tourism and commercial activities in the area.

30/09/2024

Avolta launches global ‘Club Avolta’ loyalty program for travelers

Leading global travel experience player Avolta AG (SIX: AVOL) has today launched Club Avolta, an industry-first loyalty program that seamlessly integrates duty-free, duty-paid, food & beverage (F&B), brands, airports, airlines, hotels, and more. This strategic initiative aims to revolutionize the global travel experience, enhancing traveler satisfaction and driving sales.

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.