albert Chan
Most Recent Results (9M18)
Annual Financial Results
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Fiscal year ends on December 31.
*Trailing 12 months ended September 30, 2018[/caption] Company Profile Dufry AG is a Switzerland-based company engaged in the travel retail business under the Dufry, Nuance, World Duty Free, Hellenic Duty Free and Hudson banners, among others. The company operates more than 2,300 duty-free and duty-paid retail shops located in airports, cruise liners, seaports and other tourist locations. Its product assortments include beauty, confectionery, liquor, tobacco, watches and jewelry, electronics, toys and apparel, and publications such as newspapers, magazines and books. Dufry operates in five geographic divisions: Southern Europe and Africa; UK and Central Europe; Eastern Europe, Middle East, Asia and Australia; Latin America; and North America. Strategy The company has an aggressive expansion plan and expects to open 173,000 square feet of signed space by 2019, including four stores in Perth, Australia; 12 stores in the new Jazeera Airways terminal in the Kuwait International Airport; 10 stores in Boston and 10 stores in Philadelphia in the US; two stores in Santiago, Chile; and one store in the Pulkovo Airport in Russia. Dufry also has 425,000 square feet of retail space in the pipeline, mainly in Southern Europe, Africa, the UK, Central Europe and Latin America. The company cites geographic diversification as important for four reasons: it enables Dufry to tap the growing number of travelers worldwide, develop new business opportunities, mitigate risks and provide a global channel through which major brands can distribute their products. Revenue Breakdown (9M18)
Recent Developments
Management Team
Annual Financial Results
[caption id="attachment_52041" align="aligncenter" width="817"] Fiscal year ends on December 31.*Trailing 12 months ended September 30, 2018[/caption] Company Profile Dufry AG is a Switzerland-based company engaged in the travel retail business under the Dufry, Nuance, World Duty Free, Hellenic Duty Free and Hudson banners, among others. The company operates more than 2,300 duty-free and duty-paid retail shops located in airports, cruise liners, seaports and other tourist locations. Its product assortments include beauty, confectionery, liquor, tobacco, watches and jewelry, electronics, toys and apparel, and publications such as newspapers, magazines and books. Dufry operates in five geographic divisions: Southern Europe and Africa; UK and Central Europe; Eastern Europe, Middle East, Asia and Australia; Latin America; and North America. Strategy The company has an aggressive expansion plan and expects to open 173,000 square feet of signed space by 2019, including four stores in Perth, Australia; 12 stores in the new Jazeera Airways terminal in the Kuwait International Airport; 10 stores in Boston and 10 stores in Philadelphia in the US; two stores in Santiago, Chile; and one store in the Pulkovo Airport in Russia. Dufry also has 425,000 square feet of retail space in the pipeline, mainly in Southern Europe, Africa, the UK, Central Europe and Latin America. The company cites geographic diversification as important for four reasons: it enables Dufry to tap the growing number of travelers worldwide, develop new business opportunities, mitigate risks and provide a global channel through which major brands can distribute their products. Revenue Breakdown (9M18)
Recent Developments
| Date | Development |
| Nov 11, 2018 | Dufry wins a contract for five new Hudson stores and expands its footprint at the Zurich Airport in Switzerland. |
| Nov 5, 2018 | Dufry announces its 9M18 results. |
| Nov 2, 2018 | Dufry announces that Jorge Born will temporarily replace Andrés Holzer Neumann as Vice-Chairman of the Board and Chairman of the Nomination Committee. |
- Juan Carlos Torres Carretero, Chairman
- Julián Díaz González, CEO and Director
- Andreas Schneiter, CFO
- Renzo Radice, Global Head of Investor Relations and Corporate Communications
Source: Company reports/S&P Capital IQ/Coresight Research
Sector Overview- For context on this company, please refer to our report Sector Overview: European Retail.