Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Switzerland
  4. Swiss Exchange
  5. Dufry AG
  6. News
  7. Summary
    DUFN   CH0023405456

DUFRY AG

(DUFN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Dufry : expects business to stabilise in 2021 after annual turnover plunge

03/09/2021 | 02:22am EDT
A duty free shop belonging the the Dufry group in a departure lounge at Denpassar international airport in Bali

(Reuters) - Swiss duty-free retailer Dufry said on Tuesday it expected its business to stabilise in 2021 after COVID-19 pandemic-driven travel restrictions drove a 71% plunge in full-year turnover.

The Basel-based company's average monthly cash burn was 45.7 million Swiss francs ($48.84 million) in the second half of 2020, close to its worst-case scenario forecast of about 60 million Swiss francs in November last year.

Dufry's shares were down 3.7% at 0705 GMT, according to pre-market indications by Julius Baer.

The retailer, which operates more than 2,400 shops at airports, on cruise liners, in seaports, and other tourist locations, has suffered in the past months as countries closed borders to tackle the health crisis.

"We expect a stabilization of the business in 2021," Chief Financial Officer Yves Gerster said in a report.

Gerster added the company would engage in "growth opportunities in Asia, through digitalization, further channel diversification, and new or renewed concessions in established channels."

Dufry also estimated two cash flow scenarios for 2021, expecting a cash burn of 40 million Swiss francs at a turnover drop of 55% and a full-year break-even in case of a turnover drop of 40%.

The company said it would propose to keep the dividend for 2020 suspended.

(Reporting by Veronica Snoj and Aida Pelaez-Fernandez in Gdansk; Editing by Aditya Soni)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
DUFRY AG -0.51% 42.88 Delayed Quote.-22.85%
JULIUS BÄR GRUPPE AG -1.04% 62.6 Delayed Quote.22.75%
All news about DUFRY AG
08/24DUFRY : Stores Start Trading in Manchester Airport's New Terminal 2 Extension
PU
08/19DUFRY : renews its contract with Cardiff Airport for 12 years
PU
08/19EQS-NEWS : Dufry renews its contract with Cardiff Airport for 12 years
DJ
08/10Europe's record streak keeps rolling as investors cheer earnings
RE
08/10GLOBAL MARKETS LIVE : Nestlé, Philips 66, Dufry, AMC, Flutter...
08/10DUFRY : Logs Narrowed H1 Net Loss On Lower Operating Expenses, Impairment Charge..
MT
08/10Europe's record streak keeps rolling as investors cheer earnings
RE
08/10DUFRY : Duty free firm Dufry ups full-year savings, free cash flow forecasts
RE
08/10MORNING BID-"No flood-like stimulus"
RE
08/10DUFRY : with gradual recovery worldwide and continued progress on cost and cash ..
PU
More news
Analyst Recommendations on DUFRY AG
More recommendations
Financials
Sales 2021 4 166 M 4 467 M 4 467 M
Net income 2021 -933 M -1 000 M -1 000 M
Net Debt 2021 8 054 M 8 636 M 8 636 M
P/E ratio 2021 -4,22x
Yield 2021 -
Capitalization 3 893 M 4 182 M 4 174 M
EV / Sales 2021 2,87x
EV / Sales 2022 1,74x
Nbr of Employees 17 795
Free-Float 82,4%
Chart DUFRY AG
Duration : Period :
Dufry AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DUFRY AG
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 42,88 CHF
Average target price 62,63 CHF
Spread / Average Target 46,1%
EPS Revisions
Managers and Directors
Julián Díaz González Group Chief Executive Officer & Director
Yves Manuel Gerster Chief Financial Officer
Juan Carlos Torres Carretero Executive Chairman
Luis Andrés Holzer Neumann Independent Non-Executive Director
Heek Yung Min Lead Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
DUFRY AG-22.85%4 182
TRACTOR SUPPLY COMPANY48.97%23 686
NEXT PLC14.62%14 299
JARIR MARKETING COMPANY20.18%6 670
MARKS AND SPENCER GROUP PLC33.82%4 911
RENT-A-CENTER, INC.60.77%4 119