Dufry AG : Autogrill acquisition factored in. Still Outperform; target price CHF 58 vs CHF 56
>Consolidation of Autogrill from 1 February - In line with the acquisition timeframe set out by Dufry, the group announced it now owns 50.3% of the capital of Autogrill, since 1 February 2023. Autogrill is fully consolidated in Dufry’s accounts as of this date. We have therefore now factored it into our estimates. We now see group revenues of CHF 11.6bn for 2023e (vs CHF 6.9bn for 2022) and core EBITDA of CHF 944m (vs CHF 606m in 2022 and a pro-forma level that we es...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.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.