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Dufry shares down more than 7%

Shares in Dufry dropped 7.4% in trading yesterday, even though the company reported net profit more than tripled to EUR90.5 million. Revenue increased 9.7% year-on-year. Dufry's cash stockpile declined 80% during 2010. The company's outlook is for short to medium-term growth above 4-5% and it will seek to create new growth opportunities through acquisitions

Dufry financial highlights for the 12 months ended 31-Dec-2010:

  • Revenue: 2027 million, +9.7% year-on-year;
  • EBITDA: EUR266.4 million, +13.9%;
  • Net profit: EUR90.5 million, +202.9%;
  • Total assets: EUR1661 million, -19.3%;
  • Cash and cash equivalents: EUR62.6 million, -80.1%;
  • Total liabilities: EUR1028 million, -19.9%.

* Based on the conversion rate EUR1 = CHF1.28775

Selected Duty Free daily share price movements (% change): 24-Mar-2011