DUFRY - Avolta AG (DUFRY) Q1 2024 Sales/ Trading Statement Call
2024-05-16 11:47:07 ET
Avolta AG (DUFRY)
Q1 2024 Sales/ Trading Statement Call
May 16, 2024, 08:30 AM ET
Company Participants
Xavier Rossinyol - CEO
Yves Gerster - CFO
Conference Call Participants
Harry Gowers - JP Morgan
Manjari Dhar - RBC
Jon Cox - Kepler Cheuvreux
Jaafar Mestari - BNP Paribas
Simon Lechipre - Stifel
Gian Marco Werro - ZKB
Presentation
Xavier Rossinyol
Good afternoon, good morning everybody. Thank you for being here today in this trading update of Avolta for the quarter one results. Before we go into the details of what has happened in the last quarter, let me give you a little bit of frame of what Avolta is about.
We will go to Page 2 of the presentation. Avolta today is not only the leading company in the space of travel experience, travel retail and travel F&B, but we also have the largest and widest network in the industry, being present in 73 countries with more than 1000 locations and more than 5000 points of sale. But not only the size of the network is relevant, but it's also that we are present on the three key segments of the travel experience; F&B, Duty Free and Duty Paid.
So we have the opportunity to combine these three segments in delivering a higher and better experience for the travelers. And we are already doing that. We are cross selling through these segments. We are giving promotions. When you have a coffee, you can buy something extra in the duty free and vice versa. We are already using the capacity of delivering hybrid concepts and we have a few examples today, but we have more than 20 hybrid concepts launch where we combine F&B and retail.
But also the three segments and the size of our network gives us a complete and parallel access to traveler's information and traveler's data. Geographically, but also on the three segments. We can understand the travelers better than anybody else and we use this data to continuously improve our offering. But it's not only our capacity to grow faster than others, it's also the size of our network that decreases the risk of external factors affecting this growth.
The size of our network allows us to cope with external shocks in a much softer manner than anybody else. But it's not only growth and resilient growth, it's also we do it with a very strict financial discipline. That's why on top of growing top line, we can expand margins and equity free cash flow, and we can commit at the same time on investing in the business, deleveraging and paying a yearly dividend....
Avolta AG (DUFRY) Q1 2024 Sales/ Trading Statement Call