06/11/2019

Dufry prices EUR 750 million Senior Notes

Dufry Group, a leading global travel retailer, priced EUR 750 million Senior Notes due 2027. The annual interest rate will be 2.0 (two) percent and interest will be payable semi-annually in arrears. Proceeds from the offering are intended to be used to refinance the existing EUR 700 million principal amount of outstanding Senior Notes due 2023 and reduce existing bank debt.

06/11/2019

Dufry plans to issue EUR 750 million Senior Notes

Dufry plans to issue EUR 750 million Senior Notes due 2027. Proceeds from the offering are intended to be used to refinance the existing EUR 700 million principal amount of outstanding Senior Notes due 2023 and reduce existing bank debt.

05/11/2019

Dufry posts strong third quarter results leading to solid performance in the nine months of 2019

In the first nine months of 2019, Dufry's turnover reached CHF 6,682.0 million. Organic growth continued to accelerate in the summer months reaching 4.1% for the third quarter and 2.9% in the nine months. The positive trend was supported by an ongoing improvement in the like-for-like performance and continuing in the first weeks of October. Gross Profit margin expanded by 40 base points to 60.3% in the period. Adjusted Operating Cash Flow was CHF 805.3 million and Equity Free Cash Flow came in at CHF 406.6 million. Dufry confirms the average Equity Free Cash Flow target of CHF 350-400 million and the medium term organic growth target of 3% to 4%. Dufry will move to quarterly trading statements as of financial year 2020.

22/10/2019

Conference Call on Dufry's Nine Months 2019 Results on November 5, 2019

Dufry will publish its Nine Months 2019 results on November 5, 2019, and there will be a conference call held by Dufry at 14.00h CET that day.

16/10/2019

Dufry signs a new contract increasing its presence at Mexico City Airport

Dufry has signed a new contract with Aeropuerto Internacional de la Ciudad de México (AICM) to operate 3 new duty-free shops with 1,400 m² in the Terminal 2 at Benito Juárez International Airport, well-known as Mexico City International Airport. With the new contract, Dufry will manage a total retail space of almost 7,400 m², reinforcing its presence in Mexico.

11/10/2019

Dufry to be entitled to reclaim tax payments in Brazil

Dufry has been notified that a decision of the Federal Court in Rio de Janeiro in a lawsuit between one of our Brazilian subsidiaries and the Brazilian tax authority became final and non-appealable. Based on this decision, Dufry shall be entitled to reclaim tax payments made in prior years. The exact amount of the tax reclaim, effects that may fully or partially set off the tax reclaim, the timing of the actual recovery of the amount and the financial impact of the decision going forward are currently being evaluated.

24/09/2019

Dufry announces decision by AENA to extend concession to operate duty-free shops at 25 Spanish airports

Dufry announces that the Board of Directors of AENA SME S.A. has decided to extend Dufry's current concession contract to operate duty-free shops at 25 Spanish airports for up to five more years.

12/09/2019

Dufry signs new contract and expands its operations in Florianópolis International Airport

Dufry, the global leader in travel retail, has signed a new contract to expand its presence at the Florianópolis International Airport, managed by Flughafen Zürich AG. The new contract includes two duty-free and one duty-paid shop totaling 650 m² of additional sales space in the new airport terminal, which will be opened in October 2019.

23/08/2019

Dufry opens first border duty-free shop in Brazil

Dufry officially opened yesterday its first Brazil duty-free border shop with a retail space of 850 m². The shop offers an assortment of prestige international brands similar to those seen in Dufry's airport shops around the world. Uruguaiana is one of the most important cities in the South of Brazil, at the border to Argentina.

30/07/2019

Dufry reports ongoing improvement in organic growth and resilient cash generation in the first half of 2019

Dufry posted steady turnover in the first half of 2019 reaching CHF 4,180.1 million driven by organic growth of 2.2%. Growth accelerated in the second quarter, propelled by improved like-for-like performance with the trend continuing in the first weeks of July. Adjusted operating cash flow was CHF 409.0 million. Dufry confirms the Equity Free Cash Flow target of CHF 350-400 million for the full-year 2019 and the medium term organic growth target of 3% to 4%.

16/07/2019

Conference Call on Dufry's First Half 2019 Results on July 30, 2019

Dufry will publish its First Half 2019 results on July 30, 2019, and there will be a conference call held by Dufry at 14.00h CET that day.

01/07/2019

Dufry signs 7 year contract to operate specialty stores at Helsinki Airport

Dufry has signed a seven year contract with Finavia to operate seven new luxury and premium retail shops at Helsinki Airport. A total of 700 m² of retail space will be added in both the Schengen and Non Schengen areas of the airport. This contract further strengthens Dufry's position at Helsinki airport, where it will continue to operate its three main tax and duty free stores and several specialty units, occupying a total of nearly 4,000 m².