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DFS announces managment restructure; LSG Sky Chefs reports operating profit

DFS Group has announced a major management restructuring exercise, moving Michael Schriver to group president of stores and business development and hiring Philippe Schaus to join the company as group president of merchandising and marketing from Aug-2011. In airport duty free and retail shares, Dufry was up 2.6%, with autogrill shares 1.6% stronger at the close of trading on Friday.

In other news, Germany’s LSG Sky Chefs reported a 7% year-on-year increase in revenue to EUR2249 million and a 5.6% increase in operating profit to EUR76 million in 2010. 

Selected Duty Free daily share price movements (% change): 18-Mar-2011