(News Bulletin 247) – UBS reiterates its neutral advice on value with a price target of 43 Swiss francs.
‘Q1 2023 sales are above consensus thanks to Autogrill. The recovery in volumes and prices allow organic sales in April to exceed the levels of 2019 ‘indicates the analysis office.
‘The consensus for 2023E is clearly achievable, said Xavier Rossinyol the CEO of Dufry Group’. ‘We are well positioned for the second quarter while maintaining our discipline, both in the development of new business and in the management of costs and cash’.
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