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Dufry posts a very strong set of results in Tunisia

Apr '08
Eurasia boosted net sales by 21.0% to CHF 226.6 million in 2007 from CHF 187.2 million in 2006. Russia had a very strong growth due to the good performance in Moscow Domodedovo airport as well as Dufry's new operations at Moscow Sheremetyevo airport.

The positive fundamentals also drove growth in Sharjah (United Arab Emirates) and Cambodia, where refurbishments and new shops further fuelled growth.

Belgrade, which was opened in 2006, and Hong Kong, where operations started in 2007, also contributed to the growth of Eurasia & Asia.

Net sales of North America & Caribbean soared by 43.0% to CHF 469.1 million in 2007 versus CHF 328.0 million in the previous year. Out of this, the acquisition in Puerto Rico contributed 29.9%. All major operations performed well and posted double-digit growth.

Dufry continued to open new shops in the Caribbean region, most notably in Dominican Republic, which further supported growth in the Region.

South America performed exceptionally well with net sales reaching CHF 597.5 million in 2007, an increase of 60.8% from CHF 371.6 million in 2006. Excluding the full year effects, growth soared by 36.4% on a USD basis.

The productivity improvements in the Brazilian and the cruise line operations undertaken based on the integration plan during 2006 and 2007, as well as the strong economy in Brazil, led to this outstanding performance.

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Dufry AG

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