Travel Retail and Duty Free Business Intelligence    Wednesday 10 February 2016

COMMERCIAL SALES RESULTS

Lagardère Travel Retail maintains momentum with sharp organic growth

Source: ©The Moodie Report - 10/02/16

FRANCE. Lagardère Travel Retail sales (excluding the Distribution division) climbed on a like-for-like basis in 2015 despite an impact from the Paris attacks in Q4.

Bahrain Duty Free reveals record revenues and profits for 2015

Source: ©The Moodie Report - 09/02/16

BAHRAIN. Bahrain Duty Free hits US$77 million in sales in 2015 (+3.3%), with net profit climbing by +4.4% to US$23.7 million, the retailer has revealed.

Shilla IPark Duty Free targets US$1 billion in sales within five years

Source: ©The Moodie Report - 03/02/16

SOUTH KOREA. The new Shilla IPark Duty Free will hit US$500 million in first-year sales and US$1 billion in annual sales within five years, says the company.

DFS's 2015 business hit by Asian currency & geopolitical issues

Source: ©The Moodie Report - 02/02/16

INTERNATIONAL. "DFS continues to experience an uncertain environment in Asia as a result of currency and geopolitical changes," notes LVMH.

Lotte Duty Free plans big extension in Seoul and more Japanese stores

Source: ©The Moodie Report - 02/02/16

SOUTH KOREA. As leading travel retailer Lotte Duty Free reveals sales of US$3.9 billion in 2015, the company says it is planning a fresh wave of store investment.

Offshore duty free allowances set to double as Hainan business soars

Source: ©The Moodie Report - 29/01/16

CHINA. As duty free sales on Hainan Island hit US$842 million in 2015, new offshore duty free policies will lift commercial opportunities still further.

Changi Airport hits new peak of S$2.2 billion in concession sales

Source: ©The Moodie Report - 26/01/16

SINGAPORE. Singapore Changi Airport posted a record S$2.2 billion (US$1.53 billion) in concession sales in 2015, a sharp rise of +8% compared to a year earlier.

Canadian airport duty free sales surge +16% in 2015, border sales rise +4%

Source: ©The Moodie Report - 22/01/16

CANADA. Airport duty free delivered healthy double-digit sales growth in Canada last year; land border sales grew by +4% with a mixed picture by region.

Rémy Cointreau sales return to growth in Q3 after tough first half

Source: ©The Moodie Report - 21/01/16

Rémy Cointreau generated sales of €799.2 million during the first nine months of the 2015/2016 financial year, with a rebound in Q3 after a difficult first half.

Canada’s land border duty free sales dip in November as airport sales grow

Source: ©The Moodie Report - 19/01/16

CANADA. Border duty free sales dipped in November but the airport duty free growth trend in Canada continued with a +6% increase over November 2014.

Duty Free International posts sharp rise in third-quarter revenue & profits

Source: ©The Moodie Report - 15/01/16

SINGAPORE/MALAYSIA. Singapore-listed Duty Free International turned in a strong nine-month performance, buoyed by expansion at KLIA2.

Zürich Airport reveals commercial impact of strong Swiss Franc in 2015

Source: ©The Moodie Report - 13/01/16

SWITZERLAND. Zürich Airport commercial turnover (sales from shops and restaurants) slipped by -1.4% year-on-year in 2015, with a sharp fall in airside sales mainly due to the impact of the strong Swiss Franc.

Dubai Duty Free world number one in 2015 for sales at Dubai International

Source: ©The Moodie Report - 11/01/16

UAE. Dubai Duty Free ranks world leader for duty free sales at a single location, posting revenues of US$1.88 billion at Dubai International.

Incheon International Airport's duty free sales slide by -10% in 2015

Source: ©The Moodie Report - 11/01/16

SOUTH KOREA. Revenues were hit by the devastating impact of the MERS crisis on tourism, and retail disruption caused by a change of concessionaires.

Dubai Duty Free Group sales top US$1.93 billion in 2015

Source: ©The Moodie Report - 04/01/16

UAE. Dubai Duty Free Group sales from the company's airport retail and leisure operations hit US$1.93 billion in 2015, with fragrances again the best-selling category.

Dubai Duty Free anniversary weekend sales soar to US$48.5 million

Source: ©The Moodie Report - 21/12/15

UAE. Dubai Duty Free sales surged to US$48.5 million as the retailer marked its 32nd anniversary, introducing a -25% discount on a wide range of goods.

Zürich Airport commercial turnover dips sharply in November as strength of Swiss Franc continues to bite

Source: ©The Moodie Report - 15/12/15

SWITZERLAND. As Zürich Airport draws towards the end of one of its toughest trading years, the business in shops and restaurants continues to struggle, notably airside. Commercial turnover slipped by -5.9% year-on-year in November to CHF39.6 million (US$40.3 million), with average spend per passenger down sharply. In related news, Patrick Graf is to leave his role as commercial chief, to be replaced by Stefan Gross from next February.

Manchester Airport Group's commercial revenues rise strongly

Source: ©The Moodie Report - 03/12/15

UK. Six-month retail revenue growth outstripped a +6% pax rise for the owner of Manchester, Stansted, East Midlands and Bournemouth airports.

Duty free income buoys airports group AENA in first nine months

Source: ©The Moodie Report - 02/12/15

SPAIN. Duty free income at AENA surged by +34.7% in the first nine months to €192.8 million, with other commercial categories also posting growth.

SSP Group reports full year profit and positive trends in travel channels

Source: ©The Moodie Report - 26/11/15

UK. Food & drinks retailer’s operating profit up +10.1% at actual exchange rates with revenues boosted by new contract openings and like-for-like sales growth.

'Challenging' duty and tax free sector hits Gatwick per-pax retail income

Source: ©The Moodie Report - 19/11/15

UK. Retail income up +1.4% but net income per passenger down by -3.0% due to “challenging trading” in key sector. Food & drinks and specialist stores prosper.

Growth in passenger numbers boosts restaurant and shop sales at Tallink

Source: ©The Moodie Report - 13/11/15

ESTONIA. Cruise operator reports +6.8% increase in the category in the third quarter, with an overall +4.2% revenue rise of €10.9 million for the group.

Gategroup Holding reports solid third quarter as turnaround plan kicks in

Source: ©The Moodie Report - 12/11/15

SWITZERLAND. Total revenue of US$853 million is recorded for the period at constant currency, representing a +3.4% year over year increase.

Strong airport channel performance drives Autogrill growth

Source: ©The Moodie Report - 12/11/15

ITALY. Autogrill posts +19.6% sales growth (+6.3% at constant rates) in the third quarter in its important airport sector business.

Bahrain Duty Free posts +23.9% profits gain in first nine months

Source: ©The Moodie Report - 10/11/15

BAHRAIN. Net profit climbs to US$18.8 million for the period on a revenue increase of +4.3% as operational and investment strategies pay off.

Lagardère Travel Retail revenue dips on distribution divestments

Source: ©The Moodie Report - 10/11/15

FRANCE. Strong growth in Europe buoyed Lagardère Travel Retail in the first nine months, though revenue dipped due to the deconsolidation of distribution activities.

Fraport buoyed by healthy retail performance in first nine months

Source: ©The Moodie Report - 05/11/15

GERMANY. Strong spending from intercontinental passengers allied to the weakness of the Euro lifted average retail revenue at Frankfurt Airport.

Strong retail performance lifts Aéroports de Paris in first nine months

Source: ©The Moodie Report - 03/11/15

FRANCE. Aéroports de Paris reports buoyant retail revenue figures for the nine months to September, as well as rising sales per passenger, driven by duty free.

Heathrow Airport buoyed by retail performance in first nine months

Source: ©The Moodie Report - 28/10/15

UK. Heathrow reveals strong growth in retail income and average spend for the first nine months, with luxury goods and food & drinks revenues buoyant.

Dubai Duty Free targets US$2 billion in sales as Concourse D opening looms

Source: ©The Moodie Report - 18/10/15

UAE. Despite subdued trading conditions, Dubai Duty Free is targeting a record US$2 billion in sales in 2015, with the new Concourse D at Dubai International set to open in coming months.

Strong Swiss Franc continues to dampen Zürich Airport commercial sales

Source: ©The Moodie Report - 16/10/15

SWITZERLAND. Zürich Airport continues to wrestle with the impact of the strong Swiss Franc, with average commercial spend down in September.

‘Uncertain geopolitical and currency context’ hits DFS in first nine months

Source: ©The Moodie Report - 12/10/15

INTERNATIONAL. The LVMH Selective Retailing business group posted modest organic revenue growth of +5% year-on-year for the first nine months of 2015.

Gategroup’s first half net loss deepens as turnaround plan is introduced

Source: ©The Moodie Report - 03/09/15

SWITZERLAND. Inflight retail and catering specialist Gategroup posts revenue gains of +2.2% for H1 2015, but is hit by a US$90.3 million loss in the period.

Pernod Ricard travel retail hit hard by Russian Ruble crisis

Source: ©The Moodie Report - 02/09/15

FRANCE. MD Finance Gilles Bogaert characterises travel retail business trends in Western Europe and Asia as “flat”, but says the Americas region is “dynamic”.

First-half duty free income flat for Norwegian airports group Avinor

Source: ©The Moodie Report - 31/08/15

NORWAY. Airport group Avinor has reported that sales and rental income from duty free sales climbed marginally in the first half of 2015, compared to H1 2014.

Schiphol Group average retail spend dips in first half amid renovation work

Source: ©The Moodie Report - 31/08/15

NETHERLANDS. Schiphol Group revenue from concessions climbed by +4.3% year-on-year in the first six months, but average spend in retail stores fell by -1.6%.

Pernod Ricard reports drop in full-year profits while sales rebound

Source: ©The Moodie Report - 27/08/15

FRANCE. Pernod Ricard posts a -15% slide in full-year net profit after being hit by a write-down on Absolut vodka; sales grew by +8% after a 2014 decline.

Strong July performance for both airport and land border duty free in Canada

Source: ©The Moodie Report - 27/08/15

CANADA. Airport duty free sales grew by +18% to C$33 million in July, while land border duty free sales rose +12% to C$18 million, reports the FDFA.

Hainan Duty Free sales leap by +45% in first half as expansion looms

Source: ©The Moodie Report - 26/08/15

CHINA. Hainan Duty Free sales climbed by +45.6% year-on-year in the six months to 30 June, as Haikou Meilan Airport prepares to unveil its West Gallery extension.

Auckland Airport retail income up +3.9% despite tobacco impact

Source: ©The Moodie Report - 24/08/15

NEW ZEALAND. Auckland Airport today reported increased retail revenues for FY2015 despite tobacco regulations cutting the passenger spend rate.

Duty free prospers as Abu Dhabi Airports posts record HI sales

Source: ©The Moodie Report - 18/08/15

UAE. Duty free and food & drinks were the standouts but all of the company's commercial activities posted gains despite highly challenging market conditions.

Sydney Airport takes control of T3 and reports robust H1 retail growth

Source: ©The Moodie Report - 18/08/15

AUSTRALIA. Sydney Airport announces a deal to take control of Terminal 3, including retail operations, from Qantas, as it reveals a robust set of half-year figures.

MTR records solid +8.5% commercial revenue increase in first half of 2015

Source: ©The Moodie Report - 17/08/15

HONG KONG. First half revenue from the station commercial businesses reaches HK$2.58 billion (US$333 million) with station retail revenue rising +11.2%.

Airports of Thailand posts strong rise in quarterly concession revenue

Source: ©The Moodie Report - 16/08/15

THAILAND. Concession revenues, driven by duty free sales, kept pace with a surge in international passenger numbers at Airports of Thailand's airports in Q3.

Shoppers Stop assesses airport retail future after write-down

Source: The Moodie Report; The Hindu Business Line - 14/08/15

INDIA. Shoppers Stop Ltd is assessing the future of its airport retail joint venture with Nuance/Dufry after booking a first-quarter impairment charge.

Bahrain Duty Free posts 'excellent' US$13.8 million first-half net profit

Source: ©The Moodie Report - 12/08/15

BAHRAIN. The retailer's net profits surged by +70.2% in the second quarter and by +48.6% in the first six months, largely driven by investment income.

Focus on retail boosts Copenhagen’s H1 commercial performance

Source: ©The Moodie Report - 11/08/15

DENMARK. An enhanced retail and dining offer helped drive a strong non-aeronautical performance at Copenhagen Airport in the first six months of 2015.

Fraport Group retail performance rebounds in first half to June

Source: ©The Moodie Report - 06/08/15

GERMANY. Higher average passenger spend, the weak Euro and traffic growth combined to deliver a strong retail performance for Fraport Group in H1 2015.

Lagardère Travel Retail H1 revenues dip on disposals and deconsolidation

Source: ©The Moodie Report - 31/07/15

FRANCE/INTERNATIONAL. Lagardère Travel Retail sales hit €1,640 million in the first half of 2015, down by -11.4% on a reported basis and up +3.5% like-for-like.

World Duty Free Group H1 sales climb strongly but profits slide

Source: ©The Moodie Report - 30/07/15

INTERNATIONAL. World Duty Free Group's first-half revenues rose +23.7% but profits fell sharply, due to increased Spanish airport rents and the onerous Düsseldorf Airport contract.