(News Bulletin 247) – Oddo BHF reiterates its ‘outperformance’ recommendation on Dufry with a price target adjusted slightly upwards from 56 to 58 Swiss francs, with the integration of the acquisition of Autogrill in its figures for the group distribution in transport areas.
‘The share’s valuation, based on the core EV/EBITDA ratio, stands at 9.1 times in 2024 and 7.9 times in 2025, compared to an average of 12.6 times (with a wide range between 9.5 and 16.3 times) over the period 2011-2018’, points out the analyst.
It also highlights greater resilience due to greater exposure to F&B post-Autogrill acquisition, greater exposure to the more dynamic US market, and mechanical reduction in debt, one of the main complaints about the stock. .
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
