Report
Anne-Barbara Nicco

Dufry AG : A place in the sun

Dufry senior notes have lost between 2.5pts and 5.5pts year-to-date depending on their maturity, mainly due to market concerns about a potential impact of the war in Ukraine on the business recovery. In view of the group’s fundamentals, a reassuring full-year results presentation and recent tourist flow figures, we are raising our recommendation, despite the possibility of some lingering volatility in the short term. - >The sector’s strong recovery should not be jeopardise...
Underlying
Dufry AG

Dufry is a travel retail company. Co. operates over 1,650 shops worldwide. Co.'s shops are either duty free or duty paid shops, located in airports. Co.'s product categories include: Perfumes and Cosmetics; Confectionery, Food and Catering; Wine and Spirits; Watches, Jewelry and Accessories; Tobacco goods; Fashion, Leather and Baggage; Literature and Publications; Electronics; and Toys, Souvenirs and other goods.

Provider
Oddo BHF
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.

Analysts
Anne-Barbara Nicco

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