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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAvolta CEO: Strong travel consumer trend to continue for the summerXavier Rossinyol, the CEO of Avolta, says high-end sales are weaker in comparison to last year.
Persons: Xavier Rossinyol
Nov 2 (Reuters) - Swiss duty-free retailer Dufry (DUFN.S) said on Wednesday it expects a sharp rise in 2022 turnover, citing strong demand across its markets as it reported a nearly 57% jump in third quarter sales. The company, which operates in over 60 countries with around 2,200 shops globally, forecast full-year turnover of 6.6 billion to 6.7 billion Swiss francs ($6.6 billion-$6.7 billion) and core earnings of 560 million-580 million francs. The retailer - which introduced the new metric of core earnings before interest, taxes, depreciation and amortisation in August - posted turnover of 3.915 billion Swiss francs in 2021. "We continue to see strong demand during the third quarter 2022 at attractive margins," Chief Executive Officer Xavier Rossinyol, who took over the role in June, said in a statement. The group reported a turnover of 2.12 billion Swiss francs for the third quarter, up 56.7% in reported growth from a year earlier but 15% below 2019 pre-pandemic level.
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