May 12, 2020 / 5:30 AM / in 24 days

Dufry reports 94% drop in April sales with travel curbs in place

May 12 (Reuters) - Dufry reported its sales slumped 94.1% in April as travel curbs due to the novel coronavirus pandemic remained in place in most of the Swiss aiport retailer's locations.

The world's largest duty-free retailer reported on Tuesday a turnover at constant currency of 1.44 billion Swiss francs ($1.48 billion)in the first quarter of 2020, marking an organic growth decline of 21.4% from a year ago.

Dufry, which operates in 65 countries with about 420 locations globally and has earlier withdrawn its full-year outlook, added that persistent uncertainty about lifting of travel restrictions made recovery predictions difficult. ($1 = 0.9726 Swiss francs) (Reporting by Linda Pasquini in Gdansk Editing by Tomasz Janowski)

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