Dufry posted strong first quarter 2018 results, with its Latin America operations performing well.
Worldwide, the retailer reports CHF 1.82 million turnover in Q1. Latin America posted a 9% organic growth.
Turnover in Latin America reached CHF 408.1 million in Q1 2018 from CHF 400.2 million one year earlier. Mexico operations report double-digit growth in a number of locations. South America also reported a growth acceleration, with Ecuador and Peru ranking best and Brazil delivering a good performance.
Julián Díaz, CEO of Dufry Group, commented: “The strong top line growth was generated through a combination of an overall more efficient operation, like for like growth, and the contribution of new concessions added to the portfolio namely in the UK, Colombia, Mexico, the Caribbean and Asia as well as new vessels in the Dufry Cruise Services.
“The positive market conditions seen throughout 2017 have continued in the first months of 2018 in all Divisions, with similar organic growth performance as in previous quarters, thus providing a good base for the start into the high season. We will continue to focus on the execution and development of our operational capabilities to ultimately create another long period of sustainable growth.’’