Dufry AG : Business struggling to pick up, but self-help to the rescue
>The most significant element of note is the impressive cost savings - We consider Dufry's H1 publication to be decent, despite revenues undershooting expectations (-4% vs ODDO BHFe and -3% vs the consensus). The main positive factor was the cost saving measures which resulted in a lower-than-expected loss at the EBIT level. Also among the announcements was the CHF 495m of MAG-related savings to end-July (of which CHF 408m to be booked in 2021), up significantly from ...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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