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By
Reuters API
Published
May 20, 2021
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Dufry first quarter turnover plunges on travel restrictions

By
Reuters API
Published
May 20, 2021

Swiss duty free retailer Dufry reported on Thursday a 67% plunge in underlying first-quarter turnover to 460.3 million Swiss francs ($510 million), hit by travel restrictions to counter the pandemic.




The Basel-based company also confirmed its two cash flow scenarios for 2021 - an average monthly cash flow break-even for 2021 if turnover drops 40% and a cash burn of 40 million Swiss francs if turnover falls by 55%.
 

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