Dufry 2021 Highlights
STRONG CASH CONVERSION
Dufry significantly over-achieved its EFCF expectation and targets for FY 2021, reaching levels similar to 2019 in the second half of 2021 already despite lower turnover levels, and with this proves its strong cash conversion capability going forward.
FINANCIAL POSITION CONSIDERABLY STRENGTHENED
In 2021, Dufry has considerably strengthened its financial position through a comprehensive refinancing of CHF 1.619.9 million. The company has no major maturities before 2024, and features a weighted average maturity profile of 3.9 years.
CONCESSION PORTFOLIO EXTENDED WITH SEVERAL NEW CONTRACTS
Dufry has successfully strengthened its concession portfolio with important new contracts such as among others the ten-year contract at Martinique International Airport, and the five-year concession at Cayenne International Airport.
HUDSON NONSTOP PROVIDES CUSTOMERS WITH CONTACTLESS SHOPPING EXPERIENCE
The new shop format Hudson Nonstop combines Hudson’s proven shopping experience with Amazon’s Just Walk Out technology. Customers just tap their credit cards, pick-up their favorite products and exit the shop without queuing at the tills.
TOTAL SAVINGS OF CHF 1,919.7 MILLION REACHED
Dufry realized CHF 1,919.7 of total savings in MAG reliefs, PEX and other expenses during the 2021 business year, compared to 2019.
CHF 2,243.9 MILLION LIQUIDITY POSITION
As of December 31, 2021, Dufry had a reassuring liquidity position of CHF 2,243.9 million.
DUFRY DEFINES CO2 EMISSION REDUCTION TARGETS
Dufry has defined SBTi-based CO2 emission reduction targets and will become climate neutral for scopes 1+2 by 2025. Scope 3 emissions to be considerably reduced as well (full details please see pages 87–92 of the ESG report).
DUFRY LAUNCHES SUSTAINABLE PRODUCT IDENTIFICATION SYSTEM
To help customers shop considerately, Dufry has launched its sustainable product identification initiative across 171 shops in 128 airports globally.
More from the Annual Report 2021
These sections might also be of interest to you: