Avolta AG
AVOL: XSWX (CHE)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CHF 23.00 | Lstbyb | Tvyyyjc |
Dufry Sales Improve, Turns Profit, Sees Little Impact From War So Far; Shares Attractive
We do not expect to significantly change our fair value estimate for narrow-moat Dufry as the company reported a strong rebound of revenue in 2021 and reached profitability (excluding impairment charges) and positive equity free cash flow in the second half of the year. Despite 53% organic growth, revenue still remained 56% below 2019 levels.