Dufry: shares jump after strong summer
(CercleFinance.com) - Dufry, the Swiss travel retailer, boosted its shares on Tuesday with an acceleration of its organic growth over the summer months.
In the third quarter from July to September, organic growth accelerated to 4.1%, compared to 2.9% on a nine-month basis.
The positive trend continued over the first few weeks of October, Dufry added.
In the first nine months of 2019, Dufry's revenues reached 6.68 billion Swiss francs, up 1.8%.
Its profit margin expanded by 40 basis points to 60.3% in the period.
As of 2020, Dufry will make a quarterly trading statement for the third quarter and the third quarter, instead of just publishing its half-year and full-year financial results, which it will continue to publish, it said.
Although certain analysts considered these results as "mixed", the Dufry share was jumping almost 6% in Zurich on Tuesday morning.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
In the third quarter from July to September, organic growth accelerated to 4.1%, compared to 2.9% on a nine-month basis.
The positive trend continued over the first few weeks of October, Dufry added.
In the first nine months of 2019, Dufry's revenues reached 6.68 billion Swiss francs, up 1.8%.
Its profit margin expanded by 40 basis points to 60.3% in the period.
As of 2020, Dufry will make a quarterly trading statement for the third quarter and the third quarter, instead of just publishing its half-year and full-year financial results, which it will continue to publish, it said.
Although certain analysts considered these results as "mixed", the Dufry share was jumping almost 6% in Zurich on Tuesday morning.
Copyright (c) 2019 CercleFinance.com. All rights reserved.