Dufry hails ‘strong’ sales in 2017

15th March, 2018 by Melita Kiely

The world’s leading travel retail operator Dufry has reported a “strong” set of results for 2017, with sales up 7% compared to the previous year.

Dufry-Travel-retail

Dufry has reported “strong” sales for 2017

Dufry’s turnover for 2017 grew to US$8.86 billion, compared to US$8.28bn in 2016.

Organic growth in Southern Europe and Africa increased by 6.8%, while in the UK, Central and Eastern Europe, organic sales were up 6.3%.

In Asia, the Middle East and Australia, organic growth was up 5.4% on 2016, and Latin America saw double-digit organic growth of 10.8%. Dufry Cruise Services also posted “strong growth”, bolstered by the start of operations on numerous new ships.

North America also performed well, reporting organic sales growth of 6.5%.

Dufry also praised the business’ development in terms of retail space for helping to boost its 2017 sales.

The group expanded its footprint in travel retail by 30,000sqm last year, with the largest expansions taking place in North and Latin America.

“In 2017, Dufry achieved a strong performance and we have delivered good results in all our divisions,” said Julián Díaz, CEO of Dufry Group. “We have made good progress in the three defined key areas: accelerating organic growth, increasing cash generation and reducing our debt.

“Organic growth for the full year 2017 reached 7.4%, which is exceeding our original expectations.”

Last year, China’s HNA Group acquired a 16.79% stake in Dufry Group.

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