DUFN Dufry AG

Avolta wins new 6-year duty-paid contract at Maceió-Zumbi dos Palmares International Airport in Brazil

Avolta AG / Key word(s): Miscellaneous
Avolta wins new 6-year duty-paid contract at Maceió-Zumbi dos Palmares International Airport in Brazil

21.03.2024 / 18:00 CET/CEST


Avolta AG (SIX: AVOL) is delighted to announce a new six year contract at Brazil’s Maceió-Zumbi dos Palmares airport to operate a 170m² duty paid store. An international gateway to vibrant tourist destinations and historic cities, the airport attracts over 2.5 million passengers annually (2023 figures), and with the win of this duty paid contract in a new airport location, Avolta further extends its already significant footprint in Brazil.

The duty-paid store, which began trading at the end of January, has a walk through format, and is located at the heart of the Departures area. Travelers can shop all the core product categories, including perfumes & cosmetics, liquor, foods & confectionery, jewelry & watches, accessories including fashion items, toys, and souvenirs.

Enrique Urioste, Avolta’s President & CEO for LATAM comments, “We are delighted to have been awarded this new contract at Maceió-Zumbi dos Palmares airport and we would like to take this opportunity to thank Aena and the airport team for the trust they have shown in us.
 
As the leading global travel experience player, we will leverage our extensive knowledge and expertise in this region to take the airport’s shopping experience to an entirely new level for the millions of passengers who visit this airport each year. We look forward to working in close partnership with Aena to deliver the vision they have for the retail experience at Maceió-Zumbi dos Palmares airport, as we move closer to creating a travel experience revolution.”

Juan José Sánchez, CCO of Aena Brasil remarks, “Aena has been working to provide amazing travel experiences to passengers at its airports. The offer of a new commercial mix - with more shopping, services, and restaurants - is part of the new approach implemented at airports in Brazil. We are pleased to have Avolta on board to carry out this project at Maceió Airport.”

For further information:

CONTACT
 

REBECCA McCLELLAN CATHY JONGENS
   

Global Head
Investor Relations

Director Corporate
Communications
Phone : Phone :
   


End of Media Release


Language: English
Company: Avolta AG
Brunngässlein 12
4010 Basel
Switzerland
Phone:
E-mail:
Internet: /
ISIN: CH0023405456
Listed: SIX Swiss Exchange
EQS News ID: 1864741

 
End of News EQS News Service

1864741  21.03.2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1864741&application_name=news&site_id=research_pool
EN
21/03/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Dufry AG

Fehmi Ben Naamane
  • Fehmi Ben Naamane
Fehmi Ben Naamane
  • Fehmi Ben Naamane
Anne-Barbara Nicco
  • Anne-Barbara Nicco

Avolta : HY Retail : Call me maybe

The maturity profile of high-yield debt in the retail and personal & household goods (PHG) sectors shows a total of around € 5bn in maturities in 2026 and 2027, for which we expect a moderate € 3.5bn to € 4bn in conventional refinancing. However, a major wave of early refinancing of longer-dated notes could very well come onto the primary market this year in order to benefit from lower interest rates and spreads. Most of these bonds, issued in 2023-24 with high coupons, can be called from 2026 a...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch