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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.
Battery maker Varta's value plummets on scrapped outlook
  + stars: | 2022-09-23 | by ( ) www.reuters.com   time to read: +1 min
Register now for FREE unlimited access to Reuters.com RegisterSept 23 (Reuters) - German battery maker Varta's (VAR1.DE) shares shed nearly a fifth of their value after it withdrew full-year and third-quarter forecasts on Friday, citing higher than expected energy and raw material costs. It added that delays in two large orders with original equipment manufacturers meant it might not be able to deliver significant volumes this year. At that time it had expected third-quarter revenue between 210 million and 230 million euros, with adjusted core profit of 40 million to 50 million euros. The stock was down 19% at 1125GMT, set for its biggest daily fall in almost three years. ($1 = 1.0252 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Linda Pasquini Editing by Rachel More and David GoodmanOur Standards: The Thomson Reuters Trust Principles.
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