Home / Knowledge / News / Apparel/Garments / Dufry posts positive results for 2013
Dufry posts positive results for 2013
13
Mar '14
Dufry had a strong performance in the financial year 2013. Turnover grew by 13.3% to CHF 3,571.7 million, with organic growth accelerating to 4.8% in the fourth quarter 2013. EBITDA reached CHF 511.1 million, with an EBITDA margin of 14.3%. Net cash from operating activities grew by 13.8% and reached CHF 435 million in 2013.
 
2013 was an important year for the development of Dufry with a number of important projects being concluded in Brazil, Asia and in the United States, as well as the acquisition in Greece. The company delivered a strong performance: Turnover increased by 13.3% and reached CHF 3,571.7 million. EBITDA amounted to CHF 511.1 million and EBITDA margin was 14.3%, while net cash flows from operating activities rose by 13.8% and stood at CHF 435.1 million. Free cash flow also grew and reached CHF 294.8 million in 2013.
 
Organic expansion at a high pace
Dufry moved ahead with its organic expansion by signing important agreements with several airport operators in all regions. In Region America II, Dufry signed agreements to double the retail space in Brazil already in 2014 by adding 13,600 m². The most important project is in São Paulo, where will be built almost 7,000 m² in Terminal 3 at Guarulhos International Airport. The airport concentrates the majority of international flights in Brazil and Dufry has secured its position at the airport for the next 10 years.
 
In Region EMEA & Asia, Dufry signed contracts to operate shops in seven new locations adding 7,900 m² and increasing the footprint in one of its key regions. Including these contracts, Dufry will operate in 14 locations, in 10 countries. With a total of 140 shops and retail space of 14,000 m², in the Far East, Middle East and Central Asia, Dufry has established itself solidly in that region.
 
Last but not least, in Region United States & Canada, 53 new shops and 3,400 m² are planned to be opened in 2014 in several major airports. The expansion projects are of great relevance for the Company and will require substantial resources, as already seen in 2013.
 
For 2014, Dufry will focus on the execution of these projects that will be an important growth driver already this year to come and especially in 2015, once all retail space will be operational and fully ramped up.
 
Click here to view full results. 
 

Dufry


Must ReadView All

Courtesy: VF Corporation

Apparel/Garments | On 5th May 2016

VF Corp’s Q1 2016 revenue up 2% to $2.8 billion

VF Corporation reported a rise of 2 per cent in its total revenue to...

Textiles | On 5th May 2016

Brazilian cotton prices rise nearly 10% in April

Firm demand, decrease in supply from important cotton growing...

Apparel/Garments | On 5th May 2016

Kishore Biyani named Future Retail’s vice-chairman

Future Retail has appointed its Independent Director VK Chopra as...

Interviews View All

Kishan Kashiwala
Spinning King (India) Limited.

How has been the development in the area of fibres made from natural...

Jurgen Gauger
Spreadshirt

How is the market for personalised prints on garment shaping up? What are...

Mr. Channy Hur
Gum Kwang Hi-Tex Co. Ltd.

Give us an overview of the nylon/polyester woven fabrics market in Korea...

Dr Geoff Collins
Lenzing Fibers (Hong Kong) Ltd

The Lenzing Group The Lenzing Group is an international group of...

Mr. Tushar Patel
Sanrhea Technical Textiles Limited

Mr. Tushar Patel is the Managing Director of Sanrhea Technical Textiles...

Avi Bash

Avi Bash is an Independent Nonwovens Sales & Marketing Consultant with...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


feedback
We would love to hear from you about your experience using the new interface. A quick review of yours would help us give you a better experience.
Advanced Search