Dufry reports strong 2017 results from high growth in Asia
In this article (5)
Swiss travel retail operator Dufry says its sales in its Asia-Australia-Middle East division rose 5.4 per cent last year with most markets contributing to the improvement.
Turnover was CHF809.1 million (US$849 million) last year, up from CHF770.7 million the previous year.
The company said both its Hong Kong and Macau businesses recorded a comeback, with double-digit growth in the second half of the year.
Sales grew in South Korea, despite reduced visitor numbers from Mainland China.
“Other operations including Cambodia and Bali also performed well, while Melbourne recovered in the second semester, after the implementation of the New Generation Store and the comprehensive refurbishment undergone in the first half year,” the company said.
Globally, Dufry achieved sales of CHF8.377 billion, up 7 per cent year on year, while profit exceeded CHF1 billion for the first time in the company’s history.
Questions & Answers
Q.Which specific markets within the Asia-Australia-Middle East division saw significant growth in the second half of 2017?
Which specific markets within the Asia-Australia-Middle East division saw significant growth in the second half of 2017?
Dufry's businesses in Hong Kong and Macau both recorded a comeback, achieving double-digit growth during the second half of the year. Other operations like Cambodia and Bali also performed well, contributing to the improvement.
Q.What was the total turnover for Dufry's Asia-Australia-Middle East division in 2017?
What was the total turnover for Dufry's Asia-Australia-Middle East division in 2017?
The turnover for Dufry's Asia-Australia-Middle East division in 2017 was CHF809.1 million. This figure represents an increase from CHF770.7 million reported in the previous year.
Q.How did Dufry's Melbourne operation recover in 2017?
How did Dufry's Melbourne operation recover in 2017?
Melbourne recovered in the second semester of 2017, following the implementation of the New Generation Store and a comprehensive refurbishment completed in the first half of the year. This contributed to the overall divisional improvement.
Q.Did South Korea's sales grow despite challenges in visitor numbers?
Did South Korea's sales grow despite challenges in visitor numbers?
Yes, sales in South Korea grew last year, even though the region experienced reduced visitor numbers from Mainland China. This positive performance contributed to the overall increase in the division's sales.
Reader pulse
What's the key takeaway from Dufry's Asia performance?
18,292 votes so far