Dufry AG : Sharp decline in Q2 2020
>Very poor H1 2020 results (as expected) - Dufry has just reported its H1 earnings. Sales amounted to CHFÂ 1,587m, down 62% vs last year (vs -24% in Q1). Organic growth was sharply negative at -61% across the first half (-93% in Q2 and -21% in Q1). By region, and in terms of organic growth, Europe & Africa was the most affected region with organic growth down 66% while central & South America was the less affected (organic growth down 56%).The gross margin was som...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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