Switzerland's Avolta H1 revenue rises, maintains medium-term growth target

Avolta AG

30/07/2026 05:48

Overview
Switzerland travel retailer's H1 2026 revenue grew 3.7% organically
Adjusted EPS for H1 2026 was CHF 0.25; profitability affected by Middle East and ramp-up costs
Company executed CHF 106 mln share buyback under ongoing program

Outlook
Avolta reconfirms medium-term organic growth target of 5%-7% per yr
Company expects CORE EBITDA margin expansion of 20-40bps in medium term
Avolta anticipates further gradual operational progress at JFK and Pudong in 2026

Result Drivers
MIDDLE EAST DISRUPTION - Profitability was affected by temporary disruption in the Middle East, which weighed on margins
NEW OPERATION RAMP-UP - Early-stage ramp-up costs at JFK and Pudong airports reduced margins, though operations are progressing as planned
EFFICIENCY MEASURES - Improved cash generation in Q2 was attributed to efficiency measures and operational discipline

Company press release: ID:nEQ105v9Ya

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
Slight Miss*
CHF 6.45 bln
CHF 6.46 bln (2 Analysts)
H1 Adjusted EPS
 
CHF 0.25
 
H1 Adjusted Net Income
 
CHF 96 mln
 
H1 Adjusted EBITDA
 
CHF 583 mln
 
H1 Adjusted EBIT
 
CHF 409 mln
 
H1 Adjusted EBITDA Margin
 
9.10%
 
H1 EBIT
 
CHF 441 mln
 
H1 Free Cash Flow
 
CHF 207 mln
 
H1 Net Debt
 
-CHF 2.7 bln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy"
Wall Street's median 12-month price target for Avolta AG is CHF55.00, about 11.2% above its July 29 closing price of CHF49.44
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago

Reuters Recommended Reads
July 28 - Travelzoo Q2 revenue misses estimates as international conflicts impacted segments
July 28 - Royal Caribbean Q2 profit beats estimates, lifts outlook
July 29 - Switzerland's Ascom H1 profit rises on cost discipline

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)