March 12, 2020 / 6:22 AM / 25 days ago

Dufry launches cost-cutting programme as coronavirus hits turnover

March 12 (Reuters) - Airport retailer Dufry said on Thursday it has launched a programme to save 60 million Swiss francs ($64.2 million) after its organic sales slumped by 7.3% in February amid the coronavirus outbreak.

Dufry, which has shops in airports in 65 countries, expects negative single-digit organic growth in 2020 as the coronavirus outbreak will hit its operations, the Swiss company said. ($1 = 0.9348 Swiss francs) (Reporting by Boleslaw Lasocki in Gdansk; Editing by Maria Sheahan)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below