Dufry Delivers $2.66 Billion In First Consolidated Quarter With Autogrill

Dufry Delivers $2.66 Billion In First Consolidated Quarter With Autogrill

Dufry store at Las Americas International Airport in the Dominican Republic. Travel retailer Dufry's combination with global travel food and beverage (F&B) operator Autogrill gave the new entity a good start to the year with organic growth of 51. 5%, pushing combined turnover to 2. 36 billion Swiss francs ($2. 66 billion) in Q1. The two companies have been fully consolidated since February 2023 so the year-on-year pro forma growth is not exactly comparable. Nevertheless, a rebounding air travel market and rising global passenger demand—despite a still unstable economic environment—have helped Dufry grow in all four of its recently constituted regions: Europe, Middle East and Africa (EMEA); North America; Latin America; and Asia-Pacific. Across those geographies, EMEA—the largest by revenue accounting for 45% of sales—broke $1 billion (at $1. 18 billion) climbing 58%, largely driven by leisure traffic. The best performing destinations included holiday hot spots such as Turkey, Greece, and Morocco. During the quarter, Dufry won or extended retail and F&B concessions at several airports including Helsinki in Finland, and the Netherlands. Within the region, the company has bid in a crucial ongoing $19-20 billion six-lot tender to operate travel retail concessions at Spanish airports run by Aena, where