Dufry AG : Strong growth in revenues in Q3 (-15% vs Q3 2019), full-year guidance for 2022e higher than expected. Outperform; target price at CHF 56
>Welcome acceleration in the top line - Dufry reported very good Q3 figures with group revenues of CHF 2,115m, in line with expectations (ODDO BHF at CHF 2,120m and VARA Research consensus at CHF 2,146m). Quarterly revenues showed solid y-o-y growth of 57% (vs 148% y-o-y in Q2 and 143% in Q1), implying revenues down just 15% on Q3 2019, i.e. a sequential improvement vs -21% in Q2 and -41% in Q1. The recovery is therefore fairly strong, with particularly dynamic leisur...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.