ATGSF News and Press, Autogrill Spa Itl

2023-03-19 22:11:28 ET Summary Autogrill revenues exceed €4.1 billion thanks to air traffic recovery. Consob (the Italian regulators) requests additional information on Dufry's public acquisition offer documentation. No dividend for both Autogrill and Dufry. Autogri...

Summary Autogrill just released its summer numbers confirming a positive jump in its revenue line and also in profits. Autogrill confirms the 2022 guidance. Dufry is still trading at a depressed valuation. Yesterday, Autogrill ( OTCPK:ATGSF ; OTCPK:ATGSY ) re...

Summary Green light from Dufry shareholders for the takeover bid on Autogrill. The combined entity with over €12 billion in revenues is now born. We are already ahead of the Wall Street number expectations, so we maintained our buy target. Before commenting ...

Dufry celebrates the semester in view of the Autogrill merger. It's helped by a supportive travel rebound (July in particular). Compared to 2019 accounts, Dufry is more profitable and has lower debt. We have a good grip about Dufry ( OTCPK:DUFRY ). We anticipated ...

Out-of-home is back in fashion with reopening, and retailers that have pivoted to selling at-home products are seeing inventory write-downs. Time to avoid retailers that sell home improvement or small household items and focus on products that have been depressed by COVID-19. Dufr...

A group with over €12 billion in revenues is born. Autogrill is a positive catalyst with no major synergies. The summer season, strong bookings, and the desire to go on vacation after years of pandemic outbreaks reaffirm our buy rating on Dufry. We already infor...

Q1 comment: sales are recovering and FCF is higher than pre-COVID-19 levels. Analyzing Autogrill potential business combination. We confirm our positive view reiterating our target price at CHF 50 per share. For further details see: Dufry: FCF Ahead Of Q1 2019, Plus A Po...

We are value investors. In constructing portfolios for our clients, we seek out companies that we believe are trading in the market at significant discounts to their underlying value. These businesses must offer significant profit potential and be run by managers who think and act as owne...

Two under-the-radar travel recovery plays, Dufry and Autogrill still offer attractive returns. For Dufry, M&A-fuelled growth is impressive, but hindered by debt repayments. Thankfully, they are positioned well for a recovery and further growth. For Autogrill, taking a slower, ...

As David Herro wrote in his lead letter , it was a difficult quarter for global markets and the Oakmark International Small Cap Fund (OAKEX) was not exempt. The Fund declined 38.3% for the quarter ended March 31 compared to the MSCI World ex U.S. Index, which lost 28.4%. Since the Fund's ince...