Dufry 2020 Highlights
Concession portfolio further expanded
Dufry has successfully strengthened its concession portfolio with important new contracts such as the twelve-year concession at Sabiha Gökçen International Airport in Turkey and the seven-year extension at St. Petersburg Pulkovo Airport in Russia.
CO-OPERATION WITH ALIBABA TO DEVELOP TRAVEL RETAIL IN CHINA AND DIGITALIZATION
Dufry and Alibaba have agreed to set up a joint-venture to partner in the development of travel retail in mainland China and enhance Dufry’s digital transformation.
CHF 1,906 MILLION LIQUIDITY POSITION
As of December 31, 2020, Dufry had a reassuring liquidity position of CHF 1,905.7 million.
CHF 1,993 MILLION
SUCCESSFULLY SECURED IN 2020
The company’s financial position has been substantially improved through a series of financial initiatives including a share placement, convertible bond issuances, access to additional bank loans and a rights issue.
NEW ALTERNATIVE CHANNELS
Dufry opened its new concept store ANECDOTE at THE CIRCLE at Zurich airport, offering a wide brand selection at attractive prices to travelers and customers of the Greater Zurich Area.
FULL REINTEGRATION OF HUDSON
In the context of the Group reorganization aimed at simplifying its corporate structure, adapting the company to the new business environment and increasing efficiency, Dufry has fully reintegrated its Hudson subsidiary.
CHF 1,312 MILLION
OF TOTAL SAVINGS REACHED
In 2020, Dufry generated CHF 1,312.1 million of total savings through its cost-cutting initiatives at all levels aiming at protecting the resilience of the company.
ESG STRATEGY EVOLVED AND ENGAGEMENT INCREASED
Dufry has evolved its ESG strategy by defining four key focus areas fully aligned with the company business model. Implementation of ESG engagement is being driven by a dedicated ESG Committee and supervised at the Board of Directors level.
SHAREHOLDER STRUCTURE STRENGTHENED WITH IMPORTANT PARTICIPATIONS
Dufry has successfully strengthened its shareholder structure with new important participations such as Advent International and Alibaba Group, as well as with the ongoing support of long-standing shareholders.
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