Home / Knowledge / News / Apparel/Garments / Dufry EBITDA grows 9% in Q2
Dufry EBITDA grows 9% in Q2
Jul '13
In the first half of 2013, Dufry’s turnover grew by 10% to CHF 1,667.4 million and EBITDA reached CHF 218.1 million. EBITDA margin was 13.1% and net cash flow from operations went to CHF 244.0 million, up by 49%.

Turnover growth accelerated in the second quarter with all regions posting a flat or positive turnover growth. Regions EMEA & Asia and US & Canada and parts of America I showed solid growth following the trends in the last quarters. Region America II and the operations in Uruguay and Argentina continued to improve in the second quarter. The operations in Greece, which Dufry started to consolidate since April, performed strongly.

EBITDA in the second quarter grew by 9% and EBITDA margin reached 14.3% for the quarter. For the first six months of 2013, EBITDA amounted to CHF 218.1 million versus CHF 220.0 million in the first half of 2012 and EBITDA margin reached 13.1%.

Turnover by Region

Turnover grew by 9.9% in the first half of 2013 and reached CHF 1,667.4 million from CHF 1,517.4 million one year earlier. Organic growth was 2.6% when excluding extraordinary effects, of which 1.9% came from like-for-like growth and 0.7% from new concessions (net). Acquisitions added 6.9% to the growth, while translational currency impact was positive by 0.9%.

Turnover in Region EMEA & Asia surged by 33.9% in the first half of 2013 and reached CHF 498.8 million from CHF 372.4 million in the previous year. Without acquisitions, turnover would have grown by 6.0%. Europe had a good overall performance with France, Spain and Switzerland being the highlights.

Africa continued with its growth, to which Morocco and Tunisia were the main contributors. Middle East and Asian operations also presented good results with China and Cambodia performing very well. The business acquired in Greece, which has been consolidated since April 2013, had a strong performance and contributed 27.9% to the region’s growth.

Turnover in Region America I reached CHF 376.5 million in the first half of 2013, versus CHF 383.1 million in the same period last year. While sales growth remains dynamic in Mexico and other locations in Central America as well as parts of the Caribbean, the English Caribbean continued to perform below average. In South America, Uruguay and Argentina continued to be impacted by the bankruptcy of Pluna in July last year. Despite this situation holding back the performance, Argentina posted positive sales growth in the second quarter.

Turnover in Region America II amounted to CHF 342.6 million in the first half of 2013, down by 4.1%. In the second quarter, Brazil saw an acceleration in the performance reaching flat turnover year-on-year from negative growth in the first quarter.

Turnover in Region United States & Canada grew by 8.6% to CHF 420.1 million in the first half of 2013 from CHF 386.7 million in the same period in 2012. Turnover growth continued to be strong inthe region through a combination of like-for-like growth and new concessions.


Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

C Kamatchisundaram

ITME is an occasion not only to receive new leads but also to work on...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search