DJ Dufry 1H Below Expectations Shows Travel Is Still Vulnerable -- Market Talk
Ora: 10/08/2021 09:46
Testo: 0746 GMT - Dufry's performance in the first half of the year reflects an overall still vulnerable travel situation, Baader Helvea says. The Swiss travel retailer's results in the period fell short of expectations with revenue of CHF1.19 billion 4% below consensus, according to Baader. However, the company showed some slight improvements in July and should expect continued improvements on the easing of coronavirus-related restrictions, analysts say. "The travel/tourism situation should improve throughout the year on the back of the global vaccination progress," the research firm says. The travel industry is estimated to return to pre-pandemic levels only in 2022-2024, Baader says. (
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