Report
Dufry AG : Q2 in line, but a more cautious outlook; Buy, revised target price of CHF 155
>H1 results broadly in line; confirmation of a slowdown in Spain - Dufry has reported Q2 sales of CHFÂ 2,277m, up 7.7%, a shade above our forecasts and those of the consensus. Organic growth dipped to 4.2% in Q2 (Oddo BHF estimate 5.2%, consensus at 5.1%) compared with 7.1% in Q1. It is impacted by organic growth being more or less flat in southern Europe and Africa. This was mainly due to the poor performance in Spain which was hit by a drop in popularity among intern...
Underlying
Dufry AG BDR
Provider
Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Fehmi Ben Naamane
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