Dufry implements IFRS 16

Dufry implemented the IFRS 16 accounting standards on Leases in 2019. The regulatory required introduction had a significant impact on Dufry’s Income Statement and Balance Sheet. In order to further increase transparency and to support comparability of the company performance before and after the introduction of the IFRS 16 accounting standards as per the business year 2019, we have provided below a detailed explanation of the changes and impact on Dufry’s accounting.