Dufry hält aber die Mehrheit. Dufry AG (SIX: DUFN) is a leading global travel retailer operating over 2,400 duty-free and duty-paid shops in airports, cruise lines, seaports, railway stations and downtown tourist areas.The Company, headquartered in Basel, Switzerland, operates in 65 countries in all six continents.Dufry cares for children and supports social projects from SOS Kinderdorf in Brazil, Cambodia, Mexico, Morocco and Ivory Coast. Bitte zusätzlich den Namen des neuen Portfolios angeben.Keine Watchlisten vorhanden. 08. These initiatives include actions at Capex and Net Working Capital level with expected cash savings of around CHF 160 million in the full-year 2020.IMPORTANT ACHIEVEMENTS POST Q1 2020: STRENGTHENED FINANCIAL STRUCTUREIn April, Dufry announced a comprehensive set of initiatives to strengthen its capital structure and liquidity position, which will support the company to sustain a prolonged period of significant disruptions and reinforce its competitive positioning in the longer term.New 12-month committed credit facility of CHF 425 million with two 6-months extensions; subject to final documentationSuccessful placement of 5.5 million shares out of existing authorized capital generating gross proceeds of CHF 151.3 millionNew convertible bond, which due to the strong demand, had its nominal amount of the issuance increased by CHF 50 million to a total size of CHF 350 millionSigned agreement with banks to waive the existing financial covenants until end of June 2021 and a higher leverage covenant for the September and December 2021 testing periodsCancellation of the 2020 dividend, thus reducing short-term cash outflowsIn addition to the achievements and initiatives above, Dufry's Board of Directors proposes to the upcoming Ordinary General Meeting on May 18, 2020, the creation of additional conditional share capital sufficient to enable the physical settlement of the new convertible bonds.In total, the new financing initiatives will improve Dufry's liquidity position from CHF 685.9 million as of March 31, 2020 to a pro-forma position of CHF 1,612 million.Julián Díaz, CEO of Dufry Group, commented: "At the beginning of 2020, we first saw an acceleration of the business and an encouraging performance. Er übernimmt die ETF-Auswahl, ist steuersmart, transparent und kostengünstig.Handeln Sie für nur 5 Euro Orderprovision* pro Trade aus der Informationswelt von finanzen.net!Oskar ist der einfache und intelligente ETF-Sparplan. Dufry has unveiled a set of initiatives designed to help it sustain a prolonged period of disruptions due to Covid-19, as business performance in the first quarter 2020 saw sales plunge dramatically in March and April.. Für die aufgeführten Inhalte kann keine Gewährleistung für die Vollständigkeit, Richtigkeit und Genauigkeit übernommen werden. In the first quarter, this division was the less impacted - in particular Central America and the Caribbean - as most of restrictions started during March.As explained earlier in the FY 2019 results presentation, Dufry has immediately defined an action plan and implemented operational initiatives as of the end of January to drive sales, secure cash flow generation, save costs and safeguard liquidity.
Trading Statement First Quarter 2021. Dufry's turnover reached CHF 1,438.7 million in the first quarter of 2020 equal to - 20.8% in constant FX versus the same period last year. Mar. Then, in March, many countries started to implement travel restrictions, partially leading to airport closures and a further deterioration of the sales performance, reaching -55.9% in the month.In the first quarter, organic growth was -21.4% mainly impacted at like-for-like performance level due to lower passenger traffic across the majority of airports.
In this context, the company has further expanded its initiatives and adapted its operating structure to reflect the current situation in the business environment and to leverage as much as possible it's traditionally flexible cost structure even beyond the levels possible under normal conditions. Performance during the first three months of 2020