Dufry's First Half 2022 Results Show Return of Travel Retail

Net sales were CHF 2,854.6 million, as compared to CFH 1,155 million in the previous year.
Net sales were CHF 2,854.6 million, as compared to CFH 1,155 million in the previous year.

Dufry has announced first half 2022 results that show net sales were CHF 2,854.6 million, compared to CFH 1,155.4 million in the previous year.

Gross profit was CFH 1,778.9 million, compared to CFH 666.1 million in the previous year.

Xavier Rossinyol, CEO of Dufry Group, said, “We have seen positive momentum over the recent months, reflected in solid performance for June of 85.5% and for July of already around 90% of 2019 turnover levels in constant currency. Regions like North America, Central America and the Caribbean, as well as some of the Southern European and Mediterranean countries perform in line or above 2019. At the same time, we continue to remain attentive given the current geopolitical and health situation, and we monitor closely consumer sentiment and the propensity for travel-related spending over the next months. We will count on the agility and talent of our teams to react accordingly and to further strengthen our global position in the long-term despite potential temporary or geographically limited volatility."

Rossinyol continued, "We have extensively engaged with our employees and stakeholders following the announcement on Dufry joining forces with Autogrill to redefine the boundaries of the industry and to enrich the passenger journey by providing unique integrated and digitalized offerings for travelers across Travel Retail and Food & Beverage. We are more than ever excited about the opportunities ahead of us, as we are progressing with the transaction as planned. We expect to close the first stage, the transfer of Edizione’s 50.3% stake in Autogrill to Dufry, by Q1 2023, subject to our shareholders’ approval at the upcoming EGM.”

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