Travel Retail and Duty Free Business Intelligence    Friday 27 November 2015


SSP Group reports full year profit and positive trends in travel channels

Source: ©The Moodie Report - 26/11/15

UK. Food & drinks retailer’s operating profit up +10.1% at actual exchange rates with revenues boosted by new contract openings and like-for-like sales growth.

'Challenging' duty and tax free sector hits Gatwick per-pax retail income

Source: ©The Moodie Report - 19/11/15

UK. Retail income up +1.4% but net income per passenger down by -3.0% due to “challenging trading” in key sector. Food & drinks and specialist stores prosper.

Growth in passenger numbers boosts restaurant and shop sales at Tallink

Source: ©The Moodie Report - 13/11/15

ESTONIA. Cruise operator reports +6.8% increase in the category in the third quarter, with an overall +4.2% revenue rise of €10.9 million for the group.

Gategroup Holding reports solid third quarter as turnaround plan kicks in

Source: ©The Moodie Report - 12/11/15

SWITZERLAND. Total revenue of US$853 million is recorded for the period at constant currency, representing a +3.4% year over year increase.

Strong airport channel performance drives Autogrill growth

Source: ©The Moodie Report - 12/11/15

ITALY. Autogrill posts +19.6% sales growth (+6.3% at constant rates) in the third quarter in its important airport sector business.

Bahrain Duty Free posts +23.9% profits gain in first nine months

Source: ©The Moodie Report - 10/11/15

BAHRAIN. Net profit climbs to US$18.8 million for the period on a revenue increase of +4.3% as operational and investment strategies pay off.

Lagardère Travel Retail revenue dips on distribution divestments

Source: ©The Moodie Report - 10/11/15

FRANCE. Strong growth in Europe buoyed Lagardère Travel Retail in the first nine months, though revenue dipped due to the deconsolidation of distribution activities.

Fraport buoyed by healthy retail performance in first nine months

Source: ©The Moodie Report - 05/11/15

GERMANY. Strong spending from intercontinental passengers allied to the weakness of the Euro lifted average retail revenue at Frankfurt Airport.

Strong retail performance lifts Aéroports de Paris in first nine months

Source: ©The Moodie Report - 03/11/15

FRANCE. Aéroports de Paris reports buoyant retail revenue figures for the nine months to September, as well as rising sales per passenger, driven by duty free.

Heathrow Airport buoyed by retail performance in first nine months

Source: ©The Moodie Report - 28/10/15

UK. Heathrow reveals strong growth in retail income and average spend for the first nine months, with luxury goods and food & drinks revenues buoyant.

Dubai Duty Free targets US$2 billion in sales as Concourse D opening looms

Source: ©The Moodie Report - 18/10/15

UAE. Despite subdued trading conditions, Dubai Duty Free is targeting a record US$2 billion in sales in 2015, with the new Concourse D at Dubai International set to open in coming months.

Strong Swiss Franc continues to dampen Zürich Airport commercial sales

Source: ©The Moodie Report - 16/10/15

SWITZERLAND. Zürich Airport continues to wrestle with the impact of the strong Swiss Franc, with average commercial spend down in September.

‘Uncertain geopolitical and currency context’ hits DFS in first nine months

Source: ©The Moodie Report - 12/10/15

INTERNATIONAL. The LVMH Selective Retailing business group posted modest organic revenue growth of +5% year-on-year for the first nine months of 2015.

Gategroup’s first half net loss deepens as turnaround plan is introduced

Source: ©The Moodie Report - 03/09/15

SWITZERLAND. Inflight retail and catering specialist Gategroup posts revenue gains of +2.2% for H1 2015, but is hit by a US$90.3 million loss in the period.

Pernod Ricard travel retail hit hard by Russian Ruble crisis

Source: ©The Moodie Report - 02/09/15

FRANCE. MD Finance Gilles Bogaert characterises travel retail business trends in Western Europe and Asia as “flat”, but says the Americas region is “dynamic”.

First-half duty free income flat for Norwegian airports group Avinor

Source: ©The Moodie Report - 31/08/15

NORWAY. Airport group Avinor has reported that sales and rental income from duty free sales climbed marginally in the first half of 2015, compared to H1 2014.

Schiphol Group average retail spend dips in first half amid renovation work

Source: ©The Moodie Report - 31/08/15

NETHERLANDS. Schiphol Group revenue from concessions climbed by +4.3% year-on-year in the first six months, but average spend in retail stores fell by -1.6%.

Pernod Ricard reports drop in full-year profits while sales rebound

Source: ©The Moodie Report - 27/08/15

FRANCE. Pernod Ricard posts a -15% slide in full-year net profit after being hit by a write-down on Absolut vodka; sales grew by +8% after a 2014 decline.

Strong July performance for both airport and land border duty free in Canada

Source: ©The Moodie Report - 27/08/15

CANADA. Airport duty free sales grew by +18% to C$33 million in July, while land border duty free sales rose +12% to C$18 million, reports the FDFA.

Hainan Duty Free sales leap by +45% in first half as expansion looms

Source: ©The Moodie Report - 26/08/15

CHINA. Hainan Duty Free sales climbed by +45.6% year-on-year in the six months to 30 June, as Haikou Meilan Airport prepares to unveil its West Gallery extension.

Auckland Airport retail income up +3.9% despite tobacco impact

Source: ©The Moodie Report - 24/08/15

NEW ZEALAND. Auckland Airport today reported increased retail revenues for FY2015 despite tobacco regulations cutting the passenger spend rate.

Duty free prospers as Abu Dhabi Airports posts record HI sales

Source: ©The Moodie Report - 18/08/15

UAE. Duty free and food & drinks were the standouts but all of the company's commercial activities posted gains despite highly challenging market conditions.

Sydney Airport takes control of T3 and reports robust H1 retail growth

Source: ©The Moodie Report - 18/08/15

AUSTRALIA. Sydney Airport announces a deal to take control of Terminal 3, including retail operations, from Qantas, as it reveals a robust set of half-year figures.

MTR records solid +8.5% commercial revenue increase in first half of 2015

Source: ©The Moodie Report - 17/08/15

HONG KONG. First half revenue from the station commercial businesses reaches HK$2.58 billion (US$333 million) with station retail revenue rising +11.2%.

Airports of Thailand posts strong rise in quarterly concession revenue

Source: ©The Moodie Report - 16/08/15

THAILAND. Concession revenues, driven by duty free sales, kept pace with a surge in international passenger numbers at Airports of Thailand's airports in Q3.

Shoppers Stop assesses airport retail future after write-down

Source: The Moodie Report; The Hindu Business Line - 14/08/15

INDIA. Shoppers Stop Ltd is assessing the future of its airport retail joint venture with Nuance/Dufry after booking a first-quarter impairment charge.

Bahrain Duty Free posts 'excellent' US$13.8 million first-half net profit

Source: ©The Moodie Report - 12/08/15

BAHRAIN. The retailer's net profits surged by +70.2% in the second quarter and by +48.6% in the first six months, largely driven by investment income.

Focus on retail boosts Copenhagen’s H1 commercial performance

Source: ©The Moodie Report - 11/08/15

DENMARK. An enhanced retail and dining offer helped drive a strong non-aeronautical performance at Copenhagen Airport in the first six months of 2015.

Fraport Group retail performance rebounds in first half to June

Source: ©The Moodie Report - 06/08/15

GERMANY. Higher average passenger spend, the weak Euro and traffic growth combined to deliver a strong retail performance for Fraport Group in H1 2015.

Lagardère Travel Retail H1 revenues dip on disposals and deconsolidation

Source: ©The Moodie Report - 31/07/15

FRANCE/INTERNATIONAL. Lagardère Travel Retail sales hit €1,640 million in the first half of 2015, down by -11.4% on a reported basis and up +3.5% like-for-like.

World Duty Free Group H1 sales climb strongly but profits slide

Source: ©The Moodie Report - 30/07/15

INTERNATIONAL. World Duty Free Group's first-half revenues rose +23.7% but profits fell sharply, due to increased Spanish airport rents and the onerous Düsseldorf Airport contract.

Commercial strength boosts TAV Airports’ first half 2015 results

Source: ©The Moodie Report - 29/07/15

TURKEY. A strong performance in duty free and retail was “instrumental” in TAV Airports Holding's first half 2015 results, with an €88 million net profit recorded.

Dufry posts solid H1 turnover and EBITDA growth despite ‘challenging environment’

Source: ©The Moodie Report - 29/07/15

INTERNATIONAL. Dufry Group turnover climbed by +30.5% year-on-year in H1 2015, despite the challenges of currency and economic difficulties in some markets.

Duty free concession income buoys Spanish airports group Aena in H1

Source: ©The Moodie Report - 29/07/15

SPAIN. A robust commercial performance, including a surge in income from duty free contracts, buoyed half-year results (to 30 June) at Spanish airport company Aena.

Heathrow Airport posts solid retail growth in first six months

Source: ©The Moodie Report - 24/07/15

UK. Heathrow Airport posted a solid retail performance in H1 2015, with the key figure of net retail income per passenger rising by +3.9% to £6.67 in the period.

Manchester Airports Group reveals robust growth in revenue and EBITDA

Source: ©The Moodie Report - 22/07/15

UK. Manchester Airports Group today reported double-digit growth in revenue and EBITDA for the year ended 31 March 2015, with commercial playing a key role.

Retail and advertising performance buoys Hong Kong International Airport

Source: ©The Moodie Report - 24/06/15

HONG KONG. Hong Kong International Airport (HKIA) retail licences and advertising revenue climbed by +10.8% year-on-year in the 12 months to 31 March.

Strong Swiss Franc continues to hit spend at Zürich Airport

Source: ©The Moodie Report - 12/06/15

SWITZERLAND. Zürich Airport commercial turnover climbed by +4% year-on-year in May, but spend per passenger remains down due to the strong Swiss Franc.

Network Rail retail sales growth outstrips UK High Street

Source: ©The Moodie Report - 05/06/15

UK. Network Rail’s retail sales climbed by +6.16% year-on-year in the 12 months to March 2015, once again outstripping UK High Street retail growth.

Zürich Airport commercial turnover dips on strong Swiss Franc effect

Source: ©The Moodie Report - 22/05/15

SWITZERLAND. Zürich Airport commercial turnover (net sales to consumers in retail and F&B) hit CHF44.5 million in April, down by -1.5% year-on-year.

Asia Pacific airlines decline in profitability in competitive market

Source: ©The Moodie Report - 21/05/15

ASIA PACIFIC. Asia Pacific carriers have reported a net loss of US$50 million in 2014 as a result of stiff competition, excess capacity and the Asian currency volatility.

Airports of Thailand non-aeronautical revenues up almost +10% in first half

Source: ©The Moodie Report - 20/05/15

THAILAND. Non-aeronautical revenues, up +9.67% to THB8,855 million (US$263 million), were buoyed by a +12.3% rise in concession revenues during 1H2015.

Bahrain Duty Free announces +28.5% surge in Q1 profits

Source: ©The Moodie Report - 13/05/15

BAHRAIN. Bahrain Duty Free Shop Complex Managing Director Abdulla Buhindi extols a solid early 2015 performance, with profits rising sharply despite a modest increase in revenues.

Shopping Centre revenues aid growth at Copenhagen Airports in Q1

Source: ©The Moodie Report - 08/05/15

DENMARK. Shopping Centre revenue (including duty free, other retail and food & beverage) at Copenhagen Airport climbed by +8.9% year-on-year in Q1 2015.

Fraport Group retail spend per passenger rebounds in Q1 2015

Source: ©The Moodie Report - 07/05/15

GERMANY. Frankfurt Airport owner Fraport’s Retail & Real Estate division generated revenues of €113.4 million in Q1 2015, an increase of +6.5% year-on-year.

Aéroports de Paris reports surging duty free sales in Q1 2015

Source: ©The Moodie Report - 06/05/15

FRANCE. Strong growth in the duty free business helped Aéroports de Paris report a surge in retail sales per passenger in the first quarter of 2015.

Dufry battles emerging market currency issues in first quarter

Source: ©The Moodie Report - 05/05/15

INTERNATIONAL. Dufry turnover jumped by +31.5% in Q1 2015, but the like-for-like figure was down -2.1%, influenced by the devaluation of emerging market currencies.

ARI ‘ahead of schedule’ to double profits, says CEO Jack MacGowan

Source: ©The Moodie Report - 30/04/15

IRELAND. Aer Rianta International (ARI) and parent DAA have revealed annual results, with ARI profits falling from €29.4 million to €18.1 million year-on-year.

Canadian airports post +39% surge in duty free sales in March

Source: ©The Moodie Report - 30/04/15

CANADA. Airport duty free sales in Canada rose by a solid +39% to hit C$35 million in March 2015, while land border duty free sales fell marginally by -0.3%.

Shilla turns in strong results as Changi losses ease

Source: ©The Moodie Report - 27/04/15

SOUTH KOREA. The Shilla Duty Free posted a +44% increase in consolidated revenues for Q1 with operating profits up by +45.3% despite heavy (though easing) losses at Changi Airport.