Dufry AG : Organic growth down 24% in Q1; impact should be more pronounced in Q2
>Organic growth down 24% in Q1 - Dufry has just published its Q1 trading update (the company has already reported preliminary figures a couple of weeks ago), and it comes as no surprise, the impact of travel restrictions has had a significant impact on the group, with revenues down 24% over the quarter, including a 21% decline in organic growth. Currency effects were also negative, with a 2.8% negative impact from the appreciation of the Swiss franc. All divisions rep...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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