Travel Retail and Duty Free Business Intelligence    Friday 06 May 2016

COMMERCIAL SALES RESULTS

Organic sales growth buoys Dufry in Q1 as WDF integration gathers pace

Source: İThe Moodie Davitt Report - 02/05/16

INTERNATIONAL. “We had a good start in 2016, with the continuation of the improving organic growth trends we started to see in Q4 2015. Europe had another strong quarter and countries impacted by Brazilians and Russians continued to recover." Dufry CEO Julián Díaz reacts to the retailer's Q1 2016 results, which showed solid organic sales growth, and rising EBITDA, but net earnings fell sharply in the period.

Buoyant in Bangalore: commercial revenues show “phenomenal” growth

Source: İThe Moodie Davitt Report - 28/04/16

INDIA. As retail and food & beverage sales growth outstrip passenger increases, Bangalore International Airport Ltd outlines an ambitious commercial vision.

Canadian land border duty free sales surge by double digits in Q1

Source: İThe Moodie Davitt Report - 26/04/16

CANADA. Land border sales climbed by a healthy +12% year-on-year in Q1 2016, and by +10% in March, reports the Frontier Duty Free Association.

Heathrow Airport posts sharp rise in retail revenue per passenger in Q1

Source: İThe Moodie Davitt Report - 21/04/16

UK. Buoyed by redevelopment at T5 in particular, Heathrow Airport posts a double-digit surge in Q1 retail revenue and a sharp rise in revenue per passenger.

Pernod Ricard reports travel retail declines for first nine months of FY16

Source: İThe Moodie Davitt Report - 21/04/16

FRANCE. Spirits company registers €6,813 million in overall sales for the period, but travel retail falls in each of the Americas, Asia and Europe.

Retail rebound: Zürich Airport posts gains in commercial turnover in Q1

Source: İThe Moodie Davitt Report - 14/04/16

SWITZERLAND. Zürich Airport commercial turnover climbed by a solid +4.7% year-on-year in March and by +3.6% in the first quarter of 2016.

DFS continues to face 'uncertain economic environment in Asia'

Source: İThe Moodie Davitt Report - 11/04/16

INTERNATIONAL. DFS Group results for Q1 continued to be affected by an uncertain economic environment in Asia, says LVMH Moët Hennessy Louis Vuitton.

Lagardère Travel Retail pledges robust sales and earnings growth to 2019

Source: İThe Moodie Report - 24/03/16

FRANCE. Lagardère Travel Retail has outlined its plans to deliver strong sales and earnings growth through to 2019 in its latest investor conference.

Canadian airport and border duty free posts healthy gains in February

Source: İThe Moodie Report - 23/03/16

CANADA. Airport and land border duty free sales each climbed by double digits year-on-year in February, the FDFA reports.

Dufry: Strong project pipeline set to drive growth in 2016 and beyond

Source: İThe Moodie Report - 16/03/16

INTERNATIONAL. Dufry CEO Julián Díaz talks organic growth, the concessions pipeline, brand partners and duty free versus duty paid growth with investors.

Fraport posts strong retail growth but warns of 'stormier seas'

Source: İThe Moodie Report - 16/03/16

GERMANY/INTERNATIONAL. Fraport's Retail & Real Estate division, so critical to group profitability, turned in another strong showing last year.

Dufry Group delivers solid commercial performance in 'transformational year'

Source: İThe Moodie Report - 15/03/16

INTERNATIONAL. Dufry Group turnover climbed by +46.3% to reach CHF6,139.3 million in 2015 amid what the company described as "a transformational year".

Zürich Airport commercial sales boosted by leap day in February

Source: İThe Moodie Report - 14/03/16

SWITZERLAND. Zürich Airport commercial turnover (net sales to consumers from retail and food & beverage) climbed +6% in February.

Zürich Airport hurt by commercial impact of Swiss Franc surge

Source: İThe Moodie Report - 11/03/16

SWITZERLAND. Zürich Airport non-aviation revenue climbed marginally in 2015, hit hard by the surge in the value of the Swiss Franc against the Euro.

Autogrill revenues climb sharply and profitability rises across operations

Source: İThe Moodie Report - 10/03/16

ITALY. Global travel food & beverage specialist Autogrill reports revenues of €4,369.2 million for 2015, up +11.2% on 2014, while Ebitda climbs +19%.

gategroup posts solid performance in 2015 as five-year plan takes shape

Source: İThe Moodie Report - 10/03/16

INTERNATIONAL. The Inflight Service acquisition furthers gategroup's ambition to offer "the most complete offering in retail on board," says CEO Xavier Rossinyol.

Lagardère Travel Retail boosts profitability, steps up transformation

Source: İThe Moodie Report - 09/03/16

FRANCE. Travel retail is a rising star within the Lagardère group, as born out by 2015 results which show improved profits on a comparable basis.

Denver International hits record high for concession sales in 2015

Source: İThe Moodie Report - 26/02/16

USA. Denver International Airport hit a new annual high for concessions sales in 2015, at US$335.7 million, with average spend also reaching a new peak.

Free Duty suffers from decline in Chinese visitors and spending

Source: İThe Moodie Report China - 24/02/16

CHINA. NWS Holdings’ Facilities Management division, which includes Free Duty, posted a -19% year-on-year fall in operating profit for the first six months.

Heathrow Airport retail revenue up +8.4% to reach £568 million in 2015

Source: İThe Moodie Report - 23/02/16

UK. Overall revenue growth of +2.7% to £2,765 million recorded last year at the airport as well as a +2.2% increase in passenger traffic to 75 million.

Renovation dents Schiphol retail spend but food & beverage, car parking up

Source: İThe Moodie Report - 19/02/16

NETHERLANDS. Renovation across Amsterdam Airport Schiphol hit 2015 retail revenues, with the average retail spend per departing passenger down to €14.45.

Retail investment buoys Sydney Airport performance in 2015

Source: İThe Moodie Report - 18/02/16

AUSTRALIA. Sydney Airport reports a +3.3% rise in retail revenues to US$188 million) aided by accelerated development of the T1 commercial offer.

Abu Dhabi Duty Free posts record year with double-digit surge in sales

Source: İThe Moodie Report - 16/02/16

UAE. Abu Dhabi Duty Free posted record sales of AED1.5 billion (US$408 million) from retail, food & beverage and services in 2015, a +10.3% leap year-on-year.

Airports of Thailand concession revenues climb sharply in first quarter

Source: İThe Moodie Report - 15/02/16

THAILAND. Airports of Thailand concession revenues, and its income from duty free sales, grew sharply in the three months to 31 December 2015.

TAV Airports revenue climbs but net profit slips; duty free spend rises

Source: İThe Moodie Report - 12/02/16

TURKEY. Leading Turkish airport company TAV delivers a solid set of 2015 results, reporting a healthy rise of +8% in duty free spend per passenger.

Zürich Airport commercial turnover climbs marginally in January

Source: İThe Moodie Report - 11/02/16

SWITZERLAND. Zürich Airport retail and food & beverage sales grow slightly in January, a year on from the government's removal of the currency cap.

Lagardère Travel Retail maintains momentum with organic growth in 2015

Source: İThe Moodie Report - 10/02/16

FRANCE. Lagardère Travel Retail sales (excluding the Distribution division) climbed on a like-for-like basis in 2015 despite an impact from the Paris attacks in Q4.

Bahrain Duty Free reveals record revenues and profits for 2015

Source: İThe Moodie Report - 09/02/16

BAHRAIN. Bahrain Duty Free hits US$77 million in sales in 2015 (+3.3%), with net profit climbing by +4.4% to US$23.7 million, the retailer has revealed.

Shilla IPark Duty Free targets US$1 billion in sales within five years

Source: İThe Moodie Report - 03/02/16

SOUTH KOREA. The new Shilla IPark Duty Free will hit US$500 million in first-year sales and US$1 billion in annual sales within five years, says the company.

DFS's 2015 business hit by Asian currency & geopolitical issues

Source: İThe Moodie Report - 02/02/16

INTERNATIONAL. "DFS continues to experience an uncertain environment in Asia as a result of currency and geopolitical changes," notes LVMH.

Lotte Duty Free plans big extension in Seoul and more Japanese stores

Source: İThe Moodie Report - 02/02/16

SOUTH KOREA. As leading travel retailer Lotte Duty Free reveals sales of US$3.9 billion in 2015, the company says it is planning a fresh wave of store investment.

Offshore duty free allowances set to double as Hainan business soars

Source: İThe Moodie Report - 29/01/16

CHINA. As duty free sales on Hainan Island hit US$842 million in 2015, new offshore duty free policies will lift commercial opportunities still further.

Changi Airport hits new peak of S$2.2 billion in concession sales

Source: İThe Moodie Report - 26/01/16

SINGAPORE. Singapore Changi Airport posted a record S$2.2 billion (US$1.53 billion) in concession sales in 2015, a sharp rise of +8% compared to a year earlier.

Canadian airport duty free sales surge +16% in 2015, border sales rise +4%

Source: İThe Moodie Report - 22/01/16

CANADA. Airport duty free delivered healthy double-digit sales growth in Canada last year; land border sales grew by +4% with a mixed picture by region.

Rémy Cointreau sales return to growth in Q3 after tough first half

Source: İThe Moodie Report - 21/01/16

Rémy Cointreau generated sales of €799.2 million during the first nine months of the 2015/2016 financial year, with a rebound in Q3 after a difficult first half.

Canada’s land border duty free sales dip in November as airport sales grow

Source: İThe Moodie Report - 19/01/16

CANADA. Border duty free sales dipped in November but the airport duty free growth trend in Canada continued with a +6% increase over November 2014.

Duty Free International posts sharp rise in third-quarter revenue & profits

Source: İThe Moodie Report - 15/01/16

SINGAPORE/MALAYSIA. Singapore-listed Duty Free International turned in a strong nine-month performance, buoyed by expansion at KLIA2.

Zürich Airport reveals commercial impact of strong Swiss Franc in 2015

Source: İThe Moodie Report - 13/01/16

SWITZERLAND. Zürich Airport commercial turnover (sales from shops and restaurants) slipped by -1.4% year-on-year in 2015, with a sharp fall in airside sales mainly due to the impact of the strong Swiss Franc.

Dubai Duty Free world number one in 2015 for sales at Dubai International

Source: İThe Moodie Report - 11/01/16

UAE. Dubai Duty Free ranks world leader for duty free sales at a single location, posting revenues of US$1.88 billion at Dubai International.

Incheon International Airport's duty free sales slide by -10% in 2015

Source: İThe Moodie Report - 11/01/16

SOUTH KOREA. Revenues were hit by the devastating impact of the MERS crisis on tourism, and retail disruption caused by a change of concessionaires.

Dubai Duty Free Group sales top US$1.93 billion in 2015

Source: İThe Moodie Report - 04/01/16

UAE. Dubai Duty Free Group sales from the company's airport retail and leisure operations hit US$1.93 billion in 2015, with fragrances again the best-selling category.

Dubai Duty Free anniversary weekend sales soar to US$48.5 million

Source: İThe Moodie Report - 21/12/15

UAE. Dubai Duty Free sales surged to US$48.5 million as the retailer marked its 32nd anniversary, introducing a -25% discount on a wide range of goods.

Zürich Airport commercial turnover dips sharply in November as strength of Swiss Franc continues to bite

Source: İThe Moodie Report - 15/12/15

SWITZERLAND. As Zürich Airport draws towards the end of one of its toughest trading years, the business in shops and restaurants continues to struggle, notably airside. Commercial turnover slipped by -5.9% year-on-year in November to CHF39.6 million (US$40.3 million), with average spend per passenger down sharply. In related news, Patrick Graf is to leave his role as commercial chief, to be replaced by Stefan Gross from next February.

Manchester Airport Group's commercial revenues rise strongly

Source: İThe Moodie Report - 03/12/15

UK. Six-month retail revenue growth outstripped a +6% pax rise for the owner of Manchester, Stansted, East Midlands and Bournemouth airports.

Duty free income buoys airports group AENA in first nine months

Source: İThe Moodie Report - 02/12/15

SPAIN. Duty free income at AENA surged by +34.7% in the first nine months to €192.8 million, with other commercial categories also posting growth.

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

Source: İThe 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: İThe 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: İThe 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: İThe 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: İThe 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.