Report
Fehmi Ben Naamane

Dufry AG : M&A and digitisation: two key areas for the group

>A broadly reassuring message on the long-term outlook - We have been on a road show with Dufry's management in Paris. The message was relatively reassuring in terms of both overall sector trends and the group’s internal momentum. The marked deceleration in organic growth in 2018 is clearly in the past and we think that management has a number of levers available with which to restore regular and virtuous growth. In this regard, we confirm our estimates for the curren...
Underlying
Dufry AG

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Fehmi Ben Naamane

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