Avolta AG (XSWX:AVOL)

CHF 37.5 -0.28 (-0.74%) Market Cap: 5.64 Bil Enterprise Value: 16.06 Bil PE Ratio: 59.52 PB Ratio: 2.39 GF Score: 67/100

Q1 2023 Dufry AG Trading Statement Call Transcript

May 10, 2023 / 02:30PM GMT

Release Date Price: CHF44.13 (+0.75%)

Transcript

Operator

Ladies and gentlemen, welcome to Dufry's Q1 2023 Trading Update Conference Call and Live Webcast. I am Alise, the Chorus Call operator. (Operator Instructions)

At this time, it's my pleasure to hand over to Mr. Xavier Rossinyol, CEO of Dufry. Please go ahead, sir.

Xavier Rossinyol Espel

Dufry AG - CEO

Thank you very much, Alise. Good morning, good afternoon, good evening, everybody. Welcome to this trading update of Dufry figures. The first time we report combined figures between Dufry and Autogrill. I will go straight into the presentation with a business update. And in a few minutes, my colleague, Yves will update on the detailed financials, and then we will go to Q&A on the open floor.

So if we move now to Page #4, we can see some of the highlights. Number one, we have a strong performance in quarter 1 2023, a strong continuation on what we already saw in the second part of 2022. So recovery continues in all the key metrics: revenues, EBITDA, EBITDA margin, free cash flow and also that has a consequence on a lowering leverage and

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