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Macquarie Airports, Ferrovial, Zurich higher, Dufry surges on Hudson Group gains – Share Wrap

Analysis

Shares in Swiss airport retailer, Dufry, surged 16.5% on Friday, as it revealed revenue in the first three months of 2009 rose 19.7%, helped by the consolidation of Hudson Group (which contributed 34% of the revenue growth). New airport concessions and currency gains resulted in a positive revenue effect of 3.8%, whereas organic growth was a negative 18.1% as Dufry experienced a softening in passenger demand at its stores caused by the current economic environment and the effect of Easter holidays falling in April.

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