BRIEF-Dufry Says COVID-19 Impacted Its Operations [Reuters]
AVOLTA AG UNSP/ADR (DUFRY)
NASDAQ:AMEX Investor Relations:
dufry.com/en/investors
Company Research
Source: Reuters
BRIEF-Dufry Says COVID-19 Impacted Its Operations March 12 (Reuters) - Dufry AG: * IN 2019, TURNOVER GREW BY +1.9%, REACHING CHF 8,848.6 MILLION VERSUS CHF 8,684.9 MILLION IN 2018 * IN 2019, GROSS PROFIT INCREASED TO CHF 5,323.2 MILLION FROM CHF 5,195.7 MILLION IN PREVIOUS YEAR * FY ADJUSTED OPERATING PROFIT (ADJUSTED EBIT) REACHED CHF 767.7 MILLION, WITH RESPECTIVE MARGIN AMOUNTING TO 8.7% IN 2019 * ADJUSTED NET PROFIT REACHED CHF 349.3 MILLION IN 2019, WHILE RESPECTIVE ADJUSTED EPS WAS CHF 7.00 * GROUP ORGANIC GROWTH PERFORMANCE SAW A FURTHER ACCELERATION IN JANUARY 2020 * IN FEBRUARY PERFORMANCE WAS NEGATIVE REACHING -7.3% * COVID-19 IMPACTED OUR OPERATIONS WHERE WE HAVE EXPOSURE TO ASIAN CUSTOMERS AS WELL AS IN LOCATIONS DIRECTLY IMPACTED BY PHENOMENA * IN FEBRUARY 2020, ORGANIC GROWTH PERFORMANCE WAS NEGATIVE REACHING -7.3% * IMPLEMENTED AN ACTION PLAN TO SECURE CASH FLOW GENERATION, DRIVE SALES AND SAFEGUARD PROFITABILITY * INITIATIVES ARE EXPECTED TO GENERATE SAVINGS OF CHF 60.
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