For the current year is shown Dufry confident and expects an acceleration in organic growth.

sales rose in The first three months of the year, by 3.4 percent to 1.88 billion Swiss francs. Organically corresponds to a growth of 2.0 percent, said Dufry on Tuesday. In addition, the currencies, with +1.4 per cent had a positive impact on the sales development.

In the case of the regions represented the organization in the important market of South America, the currency turmoil in Argentina and Brazil. On the organic level, the Region shrank to 10.8 percent. However, the business had developed in Mexico and in the Caribbean, well, it means more. Thanks to the new concessions, the turnover increased in the Asia-Pacific Region and the Middle East to 17.3 percent.

In North America was the organic growth of 5.3 percent, which leads back Dufry mainly on a good development in the “Duty-paid”business. In the Region of Europe and Africa, organic growth was 2.4 per cent.

The gross profit increased by 4.2 per cent to 1.36 billion, while the corresponding margin improved by 40 basis points to 60.3 percent. In the rest of the Gewinnzahen of the previous year is even more difficult to compare due to the changeover to IFRS 16. The conversion relates to the company’s very strong, especially under the new Standard, the fixed part of the concessions is capitalized.

The adjusted operating profit on EBIT level Dufry on estimates for the first quarter to 46 million, with a corresponding margin of 2.4 percent. The bottom line is a net loss in the seasonally weakest quarter of 109.5 million after a loss of 47.5 million in the prior-year period resulted. On an adjusted Basis, net profit was 8.8 million.

For the full year is shown Dufry in the message confident. So have accelerated in the month of April, organic growth total to +2.4 percent. However, the Situation in Latin America remains challenging, it means more.

Specific details for the year as a whole will not be made in the message. In contrast, the medium-term objectives have been confirmed. Accordingly, Dufry intends to grow annual organic growth of 3 percent to 4 percent.

(SDA)