Dufry 2016 Highlights
of organic growth
Dufry returned to organic growth in the second half of 2016 supported by several initiatives launched by the company.
full retail concept portfolio
In North America, Dufry has driven its expansion by opening a variety of shop concepts – beyond the traditional Hudson convenience stores – reaching from the classic duty-free general store, to brand boutiques and specialized stores.
Integration of World Duty Free
Dufry has successfully integrated World Duty Free. First synergies were already reflected in the 2016 financials. The full amount of the planned CHF 105 million are expected to be reflected in 2017.
Ongoing Global Expansion
of the Hudson Convenience Concept
Dufry has continued the ongoing global expansion of Hudson outside the US. Among others, a concession for 6 stores has been awarded at Madrid airport to implement the successful convenience store concept.
Retail space refurbished across all divisions
The Group refurbishment plan is a successful initiative to drive organic growth. Refurbishments generate a double-digit productivity increase on average.
In 2016, Dufry managed to extend a relevant number of important concession contracts, thus securing the business for many years to come. The average remaining life-time of Dufry’s concession portfolio is now at over 8 years.
Taking the opportunity of the new organization being launched in 2016, Dufry performed a materiality assessment on CSR. This will be the basis for the future CSR program development.
New Divisional Distribution Center
Dufry launched its new regional distribution center in Hong Kong supplying Asia, Australia and parts of Middle East. The new hub creates efficiencies and further improves service levels in the shops.
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