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By
Reuters API
Published
Mar 9, 2021
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Swiss retailer Dufry second-half cash burn close to worst-scenario forcast, annual turnover drops

By
Reuters API
Published
Mar 9, 2021

Swiss duty free retailer Dufry said on Tuesday its average monthly cash burn was 45.7 million Swiss francs ($48.84 million) in the second half, close to its worst case scenario forecast of about 60 million Swiss francs in November last year.




The Basel-based company, which operates in 65 countries with more than 2,400 shops, reported a 2020 turnover of 2.56 billion Swiss francs, a decline of 71.1% from a year ago - slightly bigger than its 70% drop forecast, as coronavirus-led international travel curbs hit its retail operations.
 

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