Duty-free store specialist Dufry has changed its name and is now called Avolta. Shareholders approved this change in the company name during an extraordinary general assembly on November 3. The move follows the merger with Italy’s Autogrill.
Moving forward, all corporate communications of the former Dufry and Autogrill groups will transition to the Avolta brand family. However, consumer-facing brands, including consumer-facing elements of corporate brands, like Dufry, Autogrill, Hudson and World Duty Free, to name a few, will continue to operate as previously, enjoying their familiarity with travellers.
On November 2, the group delivered a strong set of quarter three 2023 (+16.0% organic growth) and nine months 2023 numbers.
“Should our current performance continue through the last quarter, we project a full year 2023 organic growth of around 20% versus the previous year turnover,” said Xavier Rossinyol, CEO of Dufry Group.
However, due to unfavourable currency movements, the reported growth in Swiss Francs for the fiscal year 2023 is expected to be around 15% versus the previous year.