Dufry registers double digit turnover growth in Q1
26 Dec '07
3 min read
In the first 9 months of 2007, Dufry generated a Turnover of CHF 1'420 million, representing a 39% growth compared to CHF 1'023 million in the same period of 2006. EBITDA (before other operational result) soared by 63% to CHF 179 million from CHF 110 million in the corresponding period of 2006.
Turnover increased by 39% to CHF 1'419.6 million from CHF 1,022.9 million in the first nine months of 2006. Organic growth continued to accelerate and increased to a remarkable 17% while acquisitions contributed 18%. New projects and other effects accounted for the remaining 4% of turnover growth.
All regions continued their growth trend and posted double digit Turnover growth. Africa's growth of 24% was supported by a double-digit performance in most operations. Eurasia & Asia achieved a growth of 20% in line with the trends seen in the first half of 2007. The same applies for Europe, which continued to grow by 10%.
Turnover of Region North America & Caribbean increased by 50%, of which 34% is attributable to acquisition effects. Region South America grew by 78%, of which 41% is due to acquisition effects. More importantly, the remaining growth of 37% is mainly organic growth and is based on improvements implemented in the operations since the acquisition by Dufry as well as improving market conditions.
In the first 9 months of 2007, Gross Profit Margin (as a percentage of Turnover) increased to 52.9% from 51.7% in the corresponding period of 2006. The improvement is due to better conditions with suppliers and changes in the regional sales mix as well as product category mix.
marketing@alchempro.com
