The operator’s results are a bellwether of how the travel-retail industry is recovering.
Duty-free generated 58.3 percent of Dufry’s net sales, with the remainder coming from duty-paid trade. Business in airports accounted for 91.2 percent of sales.Dufry’s results are a bellwether of how the travel-retail industry is recovering. The channel was massively hit by the coronavirus pandemic, as travel around the world ground to a complete halt.
Xavier Rossinyol, chief executive officer of Dufry Group, noted in a statement the positive momentum in recent months. “Regions like North America, Central America and the Caribbean, a well as some of the Southern European and Mediterranean countries, perform in line or above 2019,” he said. “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,” he continued. “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.
the duty-free operator has agreed to purchase the motorway and airport catering company from the Benetton family. The merged group will have sales of 13.6 billion Swiss francs and earnings before interests, taxes, depreciation and amortization of 1.4 billion Swiss francs. The aim of the merger, according to Rossinyol, is “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 and beverage.
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