Previous Close | 47.06 |
Open | 47.06 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's Range | 47.06 - 47.06 |
52 Week Range | 29.01 - 48.97 |
Volume | |
Avg. Volume | 90 |
Market Cap | 5.687B |
Beta (5Y Monthly) | 1.78 |
PE Ratio (TTM) | 67.22 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | May 11, 2020 |
1y Target Est | N/A |
Statistically speaking, long term investing is a profitable endeavour. But that doesn't mean long term investors can...
Dufry has secured around 94.3% of Autogrill capital at the end of the exchange offer, Reuters calculations based on provisional data by Borsa Italiana showed on Thursday, paving the way for the delisting of the Italian group. Earlier this year Swiss duty-free retailer Dufry completed the acquisition of a 50.3% stake from the Benetton family and later launched a mandatory public exchange offer for the remaining Autogrill shares. Borsa Italiana said the take-up reached 88.9% of the shares targeted by the bid in the last day of the exchange offer.
MILAN (Reuters) -Swiss duty-free retailer Dufry's offer for Autogrill has secured shares accounting for around 87% of its capital, Reuters calculations based on bourse data showed on Thursday, moving closer to delisting the Italian group. Dufry said it aimed to delist Autogrill shares from Euronext Milan, which requires it to get to 90% of the Italian group. "The offer will be reopened for a further 5 days in order to give Autogrill shareholders an additional window to tender their shares," a source close to Dufry told Reuters.
(Reuters) -Swiss duty-free retailer Dufry on Wednesday beat market expectations for first-quarter sales, aided by its acquisition of Italian motorway caterer Autogrill and growing global travel demand, but made no changes to its full-year forecast. "Asia Pacific remains a priority for growth," Dufry CEO Xavier Rossinyol said in an interview. The company expects positive developments throughout 2023, but said it maintained a "prudent approach" in case of potential changes in the economic environment.
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Swiss duty-free retailer Dufry on Tuesday reported stronger than expected sales for 2022, helped by a recovery in travel related volumes after pandemic lockdowns were lifted. Dufry's shares were up 2.7% at 1206 GMT, at the top of the Swiss mid-cap index. "Reported numbers better than expected as travel recovery continued ahead of expectations," Vontobel analysts said in a note, also pointing to Dufry's "disproportionately low" exposure to China.
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Swiss duty-free retailer Dufry said on Wednesday it expects a sharp rise in 2022 turnover as it posted a nearly 57% jump in third quarter sales, boosted by leisure travel in summer months. The company, which operates in over 60 countries with around 2,200 shops globally, forecast a full-year turnover of 6.6 billion to 6.7 billion Swiss francs ($6.6 billion-$6.7 billion) compared to 3.92 billion Swiss francs it reported in 2021. Dufry, which runs shops at airports, on cruise liners, in seaports, and other tourist locations worldwide, has been benefiting from a strong rebound in global travel, particularly in Europe and the United States, after restrictions imposed to tackle the pandemic were lifted.
(Reuters) -Swiss duty-free retailer Dufry said on Wednesday it expects a sharp rise in 2022 turnover as it posted a nearly 57% jump in third quarter sales, boosted by leisure travel in summer months. The company, which operates in over 60 countries with around 2,200 shops globally, forecast a full-year turnover of 6.6 billion to 6.7 billion Swiss francs ($6.6 billion-$6.7 billion) compared to 3.92 billion Swiss francs it reported in 2021. Dufry, which runs shops at airports, on cruise liners, in seaports, and other tourist locations worldwide, has been benefiting from a strong rebound in global travel, particularly in Europe and the United States, after restrictions imposed to tackle the pandemic were lifted.
Italian airport and motorway caterer Autogrill on Thursday posted a 63.6% growth in revenues at constant exchange rates to 2.6 billion euros ($2.54 billion) in the first eight months of 2022 and confirmed its outlook for the full year. The group, which is controlled by the Benetton family and is set to be taken over by Swiss duty-free retailer Dufry, said the result was driven by the recovery of international airport traffic and the resilience of passenger movements at U.S airports and on motorways in Europe. Autogrill confirmed its guidance for 2022, with revenue for the year of around 3.8 billion euros and free cash flow of about 200 million euros.
European shares dipped on Tuesday as investors cautiously waited for key U.S. inflation data later in the week for hints on the Federal Reserve's next move on interest rate increases. The pan-European STOXX 600 index fell 0.6%, erasing nearly all of its gains from its best session in nearly two weeks seen on Monday. Declines on Tuesday were led by rate-sensitive tech stocks amid an uptick in bond yields as traders raised bets on a half-point interest rate hike by the European Central Bank in September, also pricing a high chance of a 75 basis point move in the United States next month.
(Reuters) -Swiss duty-free retailer Dufry said on Tuesday it saw strong sales momentum continue in July despite the soaring inflation, after its turnover more than doubled in the first six months of the year. The Basel-based group posted a 146% rise in turnover to 2.92 billion Swiss francs ($3.06 billion) in the January to June period, corresponding to 75.5% of the pre-pandemic 2019 levels in constant currency. Chief Executive Officer Xavier Rossinyol, who took over the role from June 1, said the strong momentum had continued into July, when it reached around 90% of 2019 turnover levels.
By Geoffrey Smith
With the travel industry making a strong rebound this year, one tourism-adjacent mega-merger is cleared for takeoff. On Monday, Swiss-based...
Dufry's takeover offer for Autogrill is at a discount to Friday's trading price, Dufry CEO Xavier Rossinyol said on Monday. "If you take the share price of Dufry that was around 30 (Swiss francs) ($30.63) on Friday and you multiply that by 0.158 you will have the equivalent price we are paying for Autogrill and you will see that is roughly - at least for the first 50% - about a 25-30% discount on the trading on Friday," he told journalists on a conference call.
Duty-free retailer Dufry has agreed to buy Italian airport and motorway caterer Autogrill , creating a travel industry giant to take advantage of growth opportunities as the sector rebounds, the companies said on Monday. Italy's Benetton family - Autogrill's largest investor - will transfer its entire 50.3% stake to Dufry, which will offer to buy out minority stakeholders, with the Benetton's holding company Edizione then becoming the combined group's biggest shareholder with a stake of 20-25%.
Italy's Benetton family - Autogrill's largest investor - will transfer its entire 50.3% stake to Dufry, which will offer to buy out minority stakeholders, with the Benetton's holding company Edizione then becoming the combined group's biggest shareholder with a stake of 20-25%. "The combination of the two groups will create a new leader in travel experience and allow us to significantly increase our presence in core markets, such as the U.S., and in the travel food and beverage sector," Dufry Chairman Juan Carlos Torres said in the companies' statement. Dufry CEO Xavier Rossinyol will lead the combined group, Torres keeping his role in the new company.
MILAN (Reuters) -Swiss duty-free retailer Dufry is in talks to tie-up with Italian airport and motorway caterer Autogrill in a deal that would create a travel chain with about 6.3 billion euros ($6.7 billion) in annual revenues. The companies confirmed they were in non-exclusive talks on Tuesday after Bloomberg News reported discussions were advanced and a deal could be reached as early as next month. Dufry would pay for Autogrill in shares, while Italy's Benetton family - the largest investor in Autogrill through its Edizione holding company - would become the top shareholder in the merged group with a 20% stake, Bloomberg said.