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