Dufry AG : Good operating performance in Q1 2019 – Buy rating reiterated
>Slight acceleration in organic growth in Q1 - Dufry’s Q1 earnings release is reassuring in a difficult stock market climate for the stock. The group announced organic growth of 2.0% in the quarter (+5.6% stripping out South America), a slight acceleration from the 1.8% recorded in Q4 2018 and a second quarter of positive organic growth after the low point in Q3. On a reported basis, group revenues therefore grew 3.4% y1eo1ey. There were no surprises in the different re...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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