DUFRY- 4Q17 - Decent quarter but EBITDA margin and FCF missed
Dufry, the world’s largest travel retailer (with 91% of sales in airport retail), has published another set of strong results for 4Q17 in terms of organic sales growth, although EBITDA margin and free cash flow were not as good as anticipated
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.
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