Dufry posts strong performance in 2012

15 Mar '13

4 min read

Turnover in Region America I increased by 48.3% to CHF 778.3 million, compared to CHF 524.7 million in 2011. The operations in Mexico showed strong sales growth supported by passenger growth. Apart from the operations in the British Caribbean, which remained weak due to a change in the passenger profile and different itineraries of the cruise lines affecting the numbers of customers, the other parts of the Caribbean performed very well. Especially the business in the Dominican Republic and Trinidad performed strongly. In South America, Dufry’s operations in Argentina and Uruguay were affected by the bankruptcy of the Uruguayan airline Pluna at the beginning of July.

Turnover in Region America II increased by 0.2% to CHF 730.6 million, compared to CHF 729.4 million in 2011. After many years of continued strong performance, operations in Brazil were impacted by the economic slowdown in the country, a softening of the Brazilian Real against the US Dollar, as well as capacity constraints in some of the Brazilian airports. The Company successfully implemented several measures to safeguard the profitability in the region.

Turnover in Region United States & Canada increased by 15.5% to CHF 809.3 million in 2012, compared to CHF 700.5 million one year earlier. Turnover continued to show solid growth driven by like-for-like growth as well as through adding new concessions and retail space.

The expansion of Company´s presence in the region is not only based on the Hudson News convenience store concept, but Dufry also successfully has expanded its portfolio of brand boutiques and specialized shops as well as duty free shops. Performance in the last quarter of 2012 in the region was impacted by hurricane Sandy but the negative effects were relatively short-lived.

Dufry

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