Duty-free retailer Avolta posts annual turnover below expectations
11/03/2026 05:46
March 11 (Reuters) - Swiss duty-free retailer Avolta AVOL.S reported slightly lower-than-expected annual turnover on Wednesday, amid a challenging environment. The company, which runs shops at airports, on cruise liners, in seaports and other tourist locations worldwide, posted a core turnover of 13.72 billion Swiss francs ($17.63 billion) for 2025, up from 13.47 billion a year earlier, but missing analysts' forecast of 13.81 billion Swiss francs in a poll by Vara Research. ($1 = 0.7771 Swiss francs) (Reporting by Ozan Ergenay in Gdansk Editing by Ludwig Burger) ((Ozan.Ergenay@thomsonreuters.com;))