Integration of Autogrill Acquisition Boosts Growth
- Avolta reports sharp increase in net profit and turnover
- Integration of Autogrill acquisition contributes to growth
- Full-year net profit rises to CHF 216.4 million
- Turnover increases to CHF 12.79 billion
- Fourth quarter turnover grows 13% organically
- Annual turnover growth to CHF 12.53 billion
- Ebitda increases to CHF 1.13 billion
- Synergies expected to increase to CHF 85 million in 2024
- Positive underlying trends expected to continue in 2024 and beyond
- Anticipated average annual growth of 5% to 7% in core turnover
Avolta, formerly known as Dufry, has reported a significant rise in net profit and turnover for the year, driven by the successful integration of its Autogrill acquisition. The company’s full-year net profit increased to CHF 216.4 million, while turnover grew to CHF 12.79 billion, supported by growing passenger traffic. In the fourth quarter alone, turnover saw a 13% organic growth. Avolta also reported annual turnover growth to CHF 12.53 billion and an increase in earnings before interest, taxes, depreciation, and amortization (Ebitda) to CHF 1.13 billion. The company delivered CHF 30 million of synergies and expects this figure to increase to CHF 85 million in 2024. Looking ahead, Avolta anticipates the positive underlying trends to continue, with an average annual growth of 5% to 7% in core turnover and an improvement in core Ebitda margin.
Factuality Level: 9
Factuality Justification: The article provides specific details about Avolta’s financial performance, including net profit, turnover, and growth projections. The information is clear, concise, and supported by data such as actual figures and analyst estimates. There are no obvious signs of bias, sensationalism, or inaccuracies in the reporting.
Noise Level: 3
Noise Justification: The article provides relevant information about Avolta’s financial performance, including net profit, turnover, and growth projections. It stays on topic and supports its claims with data and examples. However, it lacks in-depth analysis, accountability, or exploration of consequences, which prevents it from receiving a higher rating.
Financial Relevance: Yes
Financial Markets Impacted: The financial markets impacted by this news article are the travel retail industry and companies in the sector, specifically Avolta (formerly known as Dufry).
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The news article primarily focuses on the financial performance and growth prospects of Avolta, a travel retailer. There is no mention of any extreme events or their impact. Therefore, the financial relevance is confirmed, but there is no extreme event to assess.
Public Companies: Avolta (Not available)
Private Companies: Autogrill,Dufry
Key People: Xavier Rossinyol (Chief Executive)
Reported publicly:
www.marketwatch.com 
