• 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

  • 02/03/2021

    Dufry Wins New Duty-Free and Duty-Paid Concession Contracts at Sangster International Airport in Montego Bay, Jamaica

  • 11/02/2021

    Invitation to Dufry's Full Year Results 2020 on March 9, 2021

    Dufry is pleased to invite you to our Full Year Results (FYR) 2020 Conference Call on March 9, 2021 at 14.30h CET.

  • 02/02/2021

    Dufry and Hainan Development Holdings open first shop at Haikou's Mova Mall in Hainan (China)

    The first shop of the collaboration between Dufry and Hainan Development Holdings (HDH) opened on January 31, 2021 at the Mova Mall in the city-center of Hainan's capital Haikou in China, right on time for the Chinese Spring festival, which is an important travel, holiday and shopping period.

  • 05/01/2021

    Dufry and Hainan Development Holdings cooperate to develop duty-free opportunities in Hainan (China)

    Dufry AG and Hainan Development Holdings (HDH), a fully state-owned company of the Hainan Provincial Government, have signed a strategic cooperation agreement to develop opportunities in Hainan's travel retail market. Dufry, in addition to the supply of global brands, will share its global experience in travel retail with HDH.

  • 01/12/2020

    Dufry AG successfully completes merger with Hudson Ltd

    On December 1, 2020, Dufry successfully closed the previously announced merger with its subsidiary Hudson Ltd (“Hudson”). The closing of the transaction follows a special general meeting of Hudson's shareholders held on November 30, 2020, where Hudson's shareholders voted to approve and adopt the merger, by 98.59% of the votes cast at the meeting.

  • 18/11/2020

    Dufry successfully extends concession contract at the St. Petersburg Pulkovo Airport for seven years

    Dufry has successfully extended for another seven years its duty-free concession contract at Pulkovo Airport in St. Petersburg covering a total retail space of over 3,100 m2. St. Petersburg is the most visited tourist city in Russia and Pulkovo airport and welcomes 19.6 million passengers per year, representing an attractive mix of domestic and international travelers.

  • 05/11/2020

    Dufry Opens its New Brand Paradise ANECDOTE at The Circle, Zurich Airport

    Dufry opened today its new brand paradise ANECDOTE located at the Circle at Zurich Airport, with an offering ranging from global top brands to local premium labels at very attractive prices.

  • 03/11/2020

    Continued gradual improvements in Third Quarter 2020, with Dufry successfully implementing strategic initiatives and increased efficiencies

    Turnover reached CHF 2,073.9 million with organic growth[1] -67.8% during the nine months of 2020, and CHF 487.0 million with organic growth -79.7%for Q3 2020Further costs savings[2] in Q3 2020 reaching a total CHF 760 million in the nine months 2020 yoy, in line to reach the total savings target of around CHF 1 billion for full-year 2020New organization implemented; Hudson reintegration and Group restructuring to be finalized in Q4 2020, generating recurring cost savings of at least CHF 400 millionSuccessful execution of rights issue, with Advent International and Alibaba Group taking a stake in Dufry, generating total gross proceeds of CHF 890 million to be used to finance Hudson buy-out and for strategic growth opportunitiesDufry and Alibaba Group in process of setting up strategic joint-venture for travel retail in China and digital transformation by the end of 2020Confirmation of cash flow scenarios for H2 2020, with cash consumption of CHF 51 million in Q3 2020 and liquidity position of CHF 2,065 million as of end September pro-forma (including net proceeds from capital increase and cash outflow from Hudson Transaction)


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