Avolta reports higher first-half turnover as cost controls boost cash flow
Avolta reports higher first-half turnover as cost controls boost cash flow July 30 (Reuters) - Travel retailer and food service operator Avolta AVOL.S
reported a 3.7% rise in first-half organic turnover on Thursday, as tight cost management supported cash generation despite a volatile geopolitical backdrop.
The Swiss company, which operates shops, cafes and restaurants at airports, on cruise ships, in seaports and other tourist locations worldwide, reported first-half core turnover of 6.44 billion Swiss francs ($7.90 billion), down from 6.61 billion francs a year earlier.
($1 = 0.8153 Swiss francs)
(Reporting by Anastasiia Kozlova in Gdansk; Editing by Sherry Jacob-Phillips)