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18/11/2020

Dufry successfully extends concession contract at the St. Petersburg Pulkovo Airport for seven years

Dufry has successfully extended for another seven years its duty-free concession contract at Pulkovo Airport in St. Petersburg covering a total retail space of over 3,100 m2. St. Petersburg is the most visited tourist city in Russia and Pulkovo airport and welcomes 19.6 million passengers per year, representing an attractive mix of domestic and international travelers.

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)