Dufry AG : Organic growth expected to pick up in Q3 – Buy recommendation confirmed
>What to expect from Dufry's Q3 2019 earnings - Q3 accounts for a little over half of Dufry’s full-year EBIT, due to the scale of the air traffic in the summer season, which is powered by leisure demand. It is therefore a decisive quarter for the group’s full-year performance. We think that the group’s organic growth will gain further momentum in light of the confirmed recovery in the leisure market in Spain and easier comps; we estimate it at +3.5% in the quarter (vs...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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