Dufry EBITDA up 47% in 1Q2012, pax numbers hae so far held up well

Switzerland's Dufry Group revenue up 27% - financial highlights for three months ended 31-Mar-2012:

• Revenue: CHF723.9 million (EUR599.3 million), +26.6% year-on-year;
• EBITDA: CHF98.1 million, 81.2 million), +47.1%;
• Net profit: CHF25.1 million (EUR20.8 million), +50.3%;
• Net debt: CHF1353 million (EUR1120 million), -0.6% when compared to period ended 31-Dec-2011. [more - original PR]

*Based on the average conversion rate at EUR1 = CHF1.2079

Dufry: "In terms of business drivers, passenger numbers have so far held up well and we have no indication of a change of trend in general terms. According to industry experts, international passenger growth remains in the 4-5% range for 2012. Despite the friendly outlook, we remain alert: as already disclosed, we have prepared an action plan which could be implemented in case of a global or regional slowdown takes place," Julian Diaz, CEO. Source: Dufry, 03-May-2012.