Dufry: 'Destination 2027' strategic plan disappoints
(CercleFinance.com) - Dufry shares are down over 2% on Tuesday in Zurich, as the targets unveiled by the duty-free specialist at the presentation of its latest strategic plan, dubbed "Destination 2027", were met with scepticism.
Speaking ahead of a CMD in London today, the Swiss group promised to generate annual sales growth of between 5% and 7% over 2025-2027, taking into account the forthcoming integration of Italy's Autogrill.
In the meantime, Dufry says it expects a "transition period" in the years 2023-2024 that should result in growth of between 7% and 10%.
All of these targets are below the analysts' consensus forecasts, whose average medium-term estimate has so far been over 10%.
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