A GLOBAL AMBITION ANNuAL REPORT 2006 - Dufry

More documents

Recommendations

Info

Dufry Annual Report 2006 — Chief Financial Officer From a financial perspective, 2006 has been another exciting year: We have continued our expansion into new markets, like Brazil, Spain, Belgrade, Algeria, Hong Kong and Puerto Rico and at the same time we have reinforced Dufry´s concession portfolio, especially improving its duration and diversification. The strong performance of our business, based on organic growth and refurbishments done in 2005, the growth into new activities and our diversified basis, allowed us to absorb the costs incurred for the restructuring and for the starting of several operations during the year. In addition to this, we have continued with projects on IT systems, HR policies and financial procedures to generate synergies and to improve the control. In 2006 Dufry has continued to deliver on its strategy of combining a strong operational focus in travel retail (organic growth of 8%, further improvements in the gross margins and enhancement of our concession portfolio) with an excellent track record of financial transactions (two major acquisitions in Brazil and Puerto Rico, IPO of Dufry South America Ltd in Brazil and Luxemburg, and a full restructuring of debt). I would like to thank our shareholders and investors, the analysts covering us, our financial institutions, professional services providers, and particularly our team, for their support and contribution to what has been an amazing 2006. Xavier Rossinyol
This Annual Report contains certain forward-looking statements, which can be identified by terms like “believe”, “assume”, “expect” or similar expressions, or implied discussions regarding potential new projects or potential future revenues, or discussions of strategy, plans or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. All forward-looking statements are based only on data available to Dufry at the time of preparation of this Annual Report. Dufry does not undertake any obligation to update any forward-looking statements contained in this Annual Report as a result of new information, future events or otherwise. PuBLISHER Dufry Ltd, Basel cONcEPT, PRODucTION Tolxdorff & Eicher Consulting, Horgen DESIGN MetaDesign, Zurich PRINT Printlink, Zurich © Dufry Ltd 2007
Page 1 and 2:
A GLOBAL AMBITION ANNuAL REPORT 200
Page 3 and 4:
kEY FIGuRES TuRNOVER in millions of
Page 5 and 6: GLobaL PRESENCE EuRoPE Italy : Berg
Page 7 and 8: Dufry Annual Report 2006 — Chairm
Page 9 and 10: Dufry Annual Report 2006 — Chief
Page 11 and 12: ouR oRGaNIzaTIoN Group Executive Co
Page 13 and 14: NuMbER oF ShoPS LoCaTED aT As of De
Page 15 and 16: huMaN RESouRCES Dufry Annual Report
Page 17 and 18: a SELECTIoN oF bRaND NaMES abSoLuT
Page 20: am am pm pm pm shop open × shop op
Page 24: pm pm pm pm am shop open × shop op
Page 28 and 29: CoRPoRaTE GovERNaNCE DuFRy IS CoMMI
Page 30 and 31: 6 Dufry Annual Report 2006 — Corp
Page 32 and 33: Dufry Annual Report 2006 — Corpor
Page 36 and 37: xavier bouton Member born 1950 Jaim
Page 42 and 43: NaME Julián Díaz González Xavier
Page 44 and 45: 0 José h. González COO Region Nor
Page 52 and 53: ChIEF FINaNCIaL oFFICER MaNaGEMENT
Page 54 and 55: 0 Dufry Annual Report 2006 — Chie
Page 58: A TRAVEL RETAILER MORE THAN 440 SHO
show all

A GLOBAL AMBITION ANNuAL REPORT 2006 - Dufry

Create successful ePaper yourself

Delete template?

Save as template?