(Tiper Stock Exchange) – Dufrya Swiss company that manages over 2,300 duty-free and duty-paid shops in airports, cruise ships, ports and tourist resorts, recorded a sales of CHF 2,359.3 million on a consolidated basis (after the acquisition of Autogrill) In the first quarter of 2023, which represents a 113.4% increase over 2022 at a constant exchange rate (CER). Organic growth, excluding business combination benefits, is 51.5% year over year.
L’Core EBITDA for the first quarter 2023, the seasonally lowest quarter, it was above previous years’ levels at CHF 134.1 million. L’net borrowing is at CHF 3,029.0 million and the leverage is further reduced to 3.1x net debt/Core EBITDA as at 31 March 2023 (including Autogrill’s last twelve months).
“Today is an important day for Dufry, for our employees and for our investors – he commented Xavier Rossinyol, CEO by Dufry Group – This is ours first report as a united group; Dufry and Autogrill are today a single company which together creates value for all stakeholders. In our first quarter as a combined business, working together towards our Destination 2027 strategy, we capitalized on the continued momentum of the travel industry.”
“This was one solid performance, organic and supported by the business combination Furthermore, April net sales stood at +30.2% compared to 2022 for the combined group and, at constant exchange rates, exceeded 2019 levels in the last two months”.