Avolta raises on 'solid' Q1 results

Avolta AG

07/05/2026 09:25

** Shares in Avolta AVOL.S rise around 2% after the Swiss duty-free retailer posted solid quarterly results and confirmed its medium-term targets, despite Middle East weakness

** Avolta posts its Q1 core turnover of 2.9 billion Swiss francs ($3.73 billion), compared with 3.05 billion Swiss francs a year earlier

** "Avolta delivered a solid set of Q1 numbers in a challenging environment and current trading in North America is encouraging and underpins some resilience, partly offsetting weak travel activity in the Middle East," Vontobel says

** The broker says Avolta's organic growth of 3% since the escalation of the conflict should help alleviate concerns around a broader global travel slowdown, although consumer spending remains fragile amid rising jet fuel prices and weakening sentiment

** The stock, which has fallen 2.5% YTD including today's session, is among the best performers of Switzerland's mid-cap index .SMIM

($1 = 0.7777 Swiss francs)

(Reporting by Ozan Ergenay)

((ozan.ergenay@thomsonreuters.com))