Dufry AG : A relatively reassuring tone at the conference call
>A fairly uninspiring Q1 but we note the good work done on debt refinancing - Whilst Dufry’s Q1 publication provided very little specific information, it nonetheless confirmed that the situation remains very difficult for the sector and for Dufry at this beginning of the year. However, we note a slight improvement in activity in the Americas (which represents close to 50% of activity), principally at the duty paid activities (exposed to domestic clients), in a context...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.
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