Dufry has announced its fiscal year 2020 results, which showed a gross profit of CHF 1,377.3 million, compared to CHF 5,323.2 million in 2019, a 74.1% decline.
Organic growth for the year stood at -69.8% with like-for-like at -67.2% due to reduced passenger traffic across most airports and other travel-related channels globally.
Previously: COVID-19's Retail Ruin
Net debt amounted to CHF 3,344.2 million at the end of December 2020 compared to CHF 3,102.0 million in December 2019.
Net profit to equity holders of the parent was CHF -2,513.7 million in 2020, as compared to CHF -26.5 million in the same period last year.
Adjusted operating cash flow was CHF -405.9 million in 2020 compared to CHF 960.0 million in 2019.