Dufry 2017 Highlights
Organic growth accelerated to 7.4 % in 2017, the highest in 5 years.
initial public offering of Hudson Ltd.
Dufry has successfully executed the Initial Public Offering (IPO) of its North America division. The IPO will allow Hudson Ltd. to further adapt to the market specificities in the United States and Canada and also seek opportunities beyond traditional travel retail.
strong free cash flow generation
Dufry has again proven the company’s strong free cash flow generation capability, which is one of the sustainable strengths of the company
concessions renewed and new contracts added
In 2017, Dufry has not only renewed important concessions, but has also won several new contracts across geographic regions and reflecting different channels.
Dufry prepared a report in accordance with the Core Option of the Global Reporting Initiative (GRI) Standards.
of world duty free exceeded expectations
The synergies of the World Duty Free integration have exceeded the expectations by 20 % and the full amount of CHF 125 million has been fully reflected in the 2017 financials.
Four new generation stores
The launch of the New Generation Stores in Madrid, Melbourne, Cancun and Zurich mark a new era of shop design.
In 2017, the implementation of the new business operating model has been launched in 19 countries, of which 10 have already successfully gone through certification.
More from the Annual Report 2017
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