Dufry AG : Organic growth contracted by 22% in Q1; implementing a set of financing initiatives to strengthen liquidity
>Organic growth decreased 22% in Q1 - Dufry has just published an update on its business in Q1. Organic growth was severely hurt by the impact of the COVID-19, and fell by 56% in March, compared to -2.3% over the first two months of the year. Over the first quarter, sales amounted to CHF 1,438m (vs CHF 1,883m in Q1 2019) and organic growth decreased by 22%. In the first two weeks of April, the company has seen reduced sales levels of around 90% as compared to the same...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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