Home / Knowledge / News / Dufry posts a very strong set of results in Tunisia
Dufry posts a very strong set of results in Tunisia
15
Apr '08
Dufry's turnover rose by 34% to CHF 1,930.3 million in 2007 from CHF 1,436.3 million in 2006. EBITDA (before other operational result) soared by 62% to CHF 259.3 million, compared to CHF 160.5 million in 2006. EBITDA margin improved by 2.2 percentage points to 13.4% in 2007 from 11.2% in 2006.

In 2007, Dufry performed strongly and grew its turnover by 34.4% to CHF 1,930.3 million from CHF 1,436.3 million in 2006. At constant foreign exchange rates, turnover growth would have been 1.5% higher.The increase in turnover was driven by strong organic growth of 16.7%, mainly as a result of operational improvements. New concessions contributed 5.0% and growth due to acquisitions stood at 14.1%.

Development by Region
Europe grew net sales by 10.3% to CHF 408.7 million in 2007 against CHF 370.5 million in 2006. Italy and Switzerland posted solid double-digit growth backed by recent shop refurbishments.

Dufry's operations in Spain, which opened in 2006, also showed a strong growth based on to the full year effect as well as the ramp up of the operations along 2006 and 2007.

Africa's net sales saw a remarkable increase of 25.4% and reached CHF 183.5 million in 2007 compared to CHF 146.4 million in the previous year.

Morocco performed exceptionally well based on strong organic growth and the openings of new stores. Tunisia also posted a very strong set of results.

Furthermore, Algeria contributed to the region's growth due to the full year effect as did Egypt, where Dufry opened its first shops during 2007.


Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


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