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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Dufry AG    DUFN   CH0023405456

DUFRY AG

(DUFN)
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Dufry to enlist Alibaba as shareholder, signs China JV

10/05/2020 | 01:30am EST

ZURICH, Oct 5 (Reuters) - Alibaba plans to acquire an up to 9.99% stake in Swiss duty free group Dufry, Dufry said on Monday, as it announced a new Chinese joint venture with the tech giant.

"Alibaba Group and Dufry AG (Dufry) have agreed to enter into a collaboration to jointly explore and invest in opportunities in China to develop the travel retail business and to enhance Dufry's digital transformation," Dufry said in a statement.

The Swiss duty free group--which has reeled under the hit of COVID-19 and plans to ask shareholders on Oct. 6 for additional capital to fund a buyout of its Hudson Ltd unit--said it would now propose the issuance of 25 million shares, resulting in potential proceeds of around 700 million Swiss francs ($762.94 million). ($1 = 0.9175 Swiss francs) (Reporting by Brenna Hughes Neghaiwi Editing by Riham Alkousaa)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED -0.45% 276.48 Delayed Quote.30.35%
DUFRY AG 3.03% 52.44 Delayed Quote.-42.15%
HUDSON LTD. 0.26% 7.7 Delayed Quote.-49.80%
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More news
Financials
Sales 2020 2 941 M 3 249 M 3 249 M
Net income 2020 -1 347 M -1 488 M -1 488 M
Net Debt 2020 7 663 M 8 465 M 8 465 M
P/E ratio 2020 -2,67x
Yield 2020 0,63%
Capitalization 4 209 M 4 653 M 4 650 M
EV / Sales 2020 4,04x
EV / Sales 2021 2,06x
Nbr of Employees 31 336
Free-Float 72,6%
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Technical analysis trends DUFRY AG
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 45,32 CHF
Last Close Price 52,44 CHF
Spread / Highest target 33,5%
Spread / Average Target -13,6%
Spread / Lowest Target -61,9%
EPS Revisions
Managers
NameTitle
Julián Díaz González Group Chief Executive Officer & Director
Juan Carlos Torres Carretero Executive Chairman
Yves Manuel Gerster Chief Financial Officer
Luis Andrés Holzer Neumann Independent Non-Executive Director
Heek Yung Min Lead Independent Non-Executive Director
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