Avolta AG (XSWX:AVOL)

CHF 32.7 0.32 (0.99%) Market Cap: 4.92 Bil Enterprise Value: 16.05 Bil PE Ratio: 35.15 PB Ratio: 2.12 GF Score: 66/100

Q2 2019 Dufry AG Earnings Call Transcript

Jul 30, 2019 / 12:00PM GMT

Release Date Price: CHF84.64 (-2.05%)

Transcript

JuliÃ;n DÃ;az GonzÃ;lez

Dufry AG - CEO & Director

¡¡ -

Good afternoon and thank you for participating in this half year 2018 results call. As always, presenting the results here today are myself, already introduced, JuliÃ¡n DÃaz, CEO; and Yves Gerster, CFO. As in previous calls, we are going to use the presentation disclosed today on our website.

Please let's move to Slide #3. Here you can see the topics for today's call, where I will first review our operational performance in the period. Then, Yves will present the financials. To conclude, I will return for a trading update on our performance so far in July, and I will comment on the main activities we are implementing for accelerating of top line growth.

Let's continue with Slide #5. This slide summarizes the half year results. Our organic growth accelerated in the second quarter, supported by improvement in the like-for-like. The cash flow continues to develop strongly as expected and is in line with our yearly target. And moreover, our successful acquisition in Russia allows us to

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