• 18/05/2021

    Changes in Dufry's Global Executive Committee

    Roger Fordyce is stepping down from his position as Chief Executive Officer North America and member of the Global Executive Committee (GEC) on June 30, 2021. Sarah Branquinho has been appointed to the Global Executive Committee (GEC) as Chief Diversity & Inclusion Officer (CDIO) effective July 1, 2021.

  • 18/05/2021

    Results of Ordinary General Meeting of Dufry AG on May 18, 2021

    The Ordinary General Meeting of Dufry AG was held at the offices of Dufry AG at Brunngässlein 12, 4052 Basel, Switzerland, on May 18, 2021 at 14.00 hrs. The meeting was held without the presence of shareholders based on Article 27 of the Ordinance 3 issued by the Swiss Federal Council on measures to prevent coronavirus (COVID-19) of June 19, 2020. The total number of shares represented at the meeting amounted to 56,124,263 shares (corresponding to 62% of the total share capital of Dufry AG) and was validly convened and constituted.

  • 12/05/2021

    World Duty Free wins new, twelve-year contract at Teesside International Airport

    World Duty Free, a subsidiary of leading global travel retailer Dufry, has won a new concession contract to operate the tax- and duty-free store at Teesside International Airport (UK) for a period of 12 years. Teesside International Airport, located in Darlington North East England, was recently taken into public ownership and is targeting an additional 1.4 million passengers to pass through its doors by 2029, adding to the 148,000 travellers welcomed in 2019. With the newly won concession, Dufry further consolidates its footprint in the UK, where it currently operates duty-free shops at 25 airports.

  • 30/04/2021

    Invitation to Dufry's First Quarter 2021 Trading Update

    Dufry is pleased to invite you to our First Quarter Trading Update 2021 Conference Call on May 20, 2021 at 14.30h CEST.Speakers will be Julián Díaz, CEO Dufry AG, and Yves Gerster, CFO Dufry AG. The call will be held in English, followed by a Q&A session.

  • 19/04/2021

    Dufry Publishes Invitation to its Ordinary General Meeting on May 18, 2021

    Dufry today published the invitation to the Ordinary General Meeting 2021. The event will take place on May 18, 2021 at 14.00 CEST, at the offices of Dufry AG at Brunngässlein 12, 4052 Basel, Switzerland.

  • 15/04/2021

    Dufry prices EUR 725 million Senior Notes and CHF 300 million Senior Notes

    Dufry priced EUR 725 million 3.375% Senior Notes due 2028 and CHF 300 million 3.625% Senior Notes due 2026. The interest will be payable semi-annually in arrears. Proceeds from the offering are intended to be used to refinance existing bank debt and for general corporate purposes.

  • 13/04/2021

    Dufry plans to issue EUR 850 million of senior notes

    Dufry plans to issue the equivalent of EUR 850 million aggregate principal amount of senior notes in two tranches: a Euro tranche maturing in 2028 and a Swiss franc tranche maturing in 2026. Proceeds from the offering are intended to be used to refinance existing bank debt and for general corporate purposes.

  • 07/04/2021

    Dufry successfully concludes voluntary incentivised conversion offer – Bondholders holding 99.3% of the outstanding principal amount of the CHF 350 million 1.0% convertible bonds due 2023 accepted to convert their Bonds

  • 25/03/2021

    Dufry Wins New Duty-Free and Duty-Paid Concession Contracts at Salgado Filho International Airport in Porto Alegre, Brazil

    Dufry AG, a leading global travel retailer, has been awarded two new concession contracts at Salgado Filho International Airport in Porto Alegre, Brazil. Under the new agreements Dufry will operate two new duty-free shops covering a combined retail area of 935 m² and one duty-paid shop with 704 m² of retail space. Both contracts have a six-year duration and the Duty-Paid has just started operation during March 2021, while the duty-free will open in May 2021. Dufry has already a partnership with the Airport in the travel retail convenience business with four Hudson stores since December 2019.

  • 24/03/2021

    Dufry successfully completes the offering of CHF 500 million new convertible bonds and has launched the voluntary incentivised conversion offer to holders of the CHF 350 million 1.0 % convertible bonds due 2023

    New Convertible BondsDufry, via its subsidiary Dufry One B.V., successfully completed the placement of senior convertible bonds due 2026 in an aggregate principal amount of CHF 500 million, conditionally convertible into shares of the Company and guaranteed by the Company and certain of its subsidiaries (the “New Convertible Bonds”).

  • 23/03/2021

    Dufry announces the launch of c. CHF 500 million new convertible bonds and a voluntary incentivised conversion offer to holders of the CHF 350 million 1.0% convertible bonds due 2023

    Dufry AG ("Dufry" or the "Company") announces the launch of an offering of approximately CHF 500 million new convertible bonds (the "New Convertible Bonds") and a voluntary incentivised conversion offer (the "Incentive Offer") to holders of the CHF 350 million 1.0% convertible bonds due 2023 issued by Dufry One B.V., a subsidiary of the Company (ISIN CH0540633051 and Ticker-Symbol DUFN20) (the "Existing Convertible Bonds").The New Convertible Bonds and acceptance of the Incentive Offer will allow Dufry to further strengthen its balance sheet and financial flexibility as the business environment for travel retail shows signs of recovery. In addition, Dufry has initiated the refinancing process of its debt positions with upcoming maturities until 2023.

  • 09/03/2021

    Dufry concludes challenging year 2020 with strong liquidity, full cash flow control and strategic initiatives to drive recovery and growth

    FY 2020 turnover of CHF 2,561.1 million and organic growth[1] of -69.8% year-on-year, with encouraging re-initiation of travel upon easing of restrictionsFY 2020 savings of CHF 1,312.1 million, significantly over-achieving the communicated target of CHF 1 billionDecisive actions resulted in lower than targeted cash consumption in H2 2020 of CHF -45.7 million vs expected CHF 60 million monthly averageSuccessful execution of various financial initiatives in FY 2020 including share placement, convertible bond, bank loans and rights issue with CHF 1,992.9 million gross proceedsStrong liquidity position of CHF 1,905.7 million as of end-2020, providing sufficient liquidity for driving re-openings and growth accelerationSustainable, recurring fixed cost savings of CHF 400 million expected (excluding rent reliefs)FY 2021 Equity Free Cash Flow break-even expected at -40% turnover level vs FY 2019Group reorganization and restructuring implemented, with Hudson reintegration and delisting successfully executedAs per end-February, almost 55% of stores open, representing 60% of sales capacity, including successful partnership-opening of strategically important duty-free operation in HainanESG strategy revised and set of new initiatives implemented

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