Avolta AG/Fr. AVOL
1D1W1MYTD1Y5YMAX
Capital at risk
About Avolta AG
Avolta AG, formerly known as Dufry AG until November 2023, is a Swiss-based company specializing in travel retail and food and beverage services. Headquartered in Basel, Switzerland, Avolta operates over 5,100 points of sale across 70 countries, including duty-free and duty-paid shops, restaurants, and convenience stores located in airports, seaports, railway stations, and tourist areas. The company's portfolio encompasses various retail brands such as Hudson, World Duty Free, Autogrill, and HMSHost. In 2023, Avolta expanded its global footprint by securing a 12-year contract to open six retail and travel convenience shops at San José International Airport, aligning with its Destination 2027 strategy to enhance passenger experience through digital technology and loyalty programs. Additionally, Avolta's Club Avolta loyalty program has grown to over 15 million members, contributing to increased customer engagement and data-driven insights.
- Ticker
- Fr. AVOL
- Sector
- Consumer Discretionary
- Primary listing
- XSWX
- Employees
- 69,278
- Headquarters
- Basel, Switzerland
- Website
- www.avoltaworld.com
Avolta AG Metrics
BasicAdvanced
CHF 5.8B
30.03
CHF 1.43
1.05
CHF 1.15
2.69%
Price and volume
Market cap
CHF 5.8B
Beta
1.05
52-week high
CHF 55.80
52-week low
CHF 39.60
Average daily volume
219K
Dividend rate
CHF 1.15
Financial strength
Current ratio
0.734
Quick ratio
0.422
Long term debt to equity
6.027
Total debt to equity
6.993
Dividend payout ratio (TTM)
77.78%
Interest coverage (TTM)
1.63%
Profitability
EBITDA (TTM)
1,597
Gross margin (TTM)
62.52%
Net profit margin (TTM)
1.50%
Operating margin (TTM)
7.63%
Effective tax rate (TTM)
28.31%
Revenue per employee (TTM)
CHF 200,000
Management effectiveness
Return on assets (TTM)
3.88%
Return on equity (TTM)
18.56%
Valuation
Price to earnings (TTM)
30.034
Price to revenue (TTM)
0.44
Price to book
3.71
Price to tangible book (TTM)
-2.07
Price to free cash flow (TTM)
2.467
Free cash flow yield (TTM)
40.53%
Free cash flow per share (TTM)
17.346
Dividend yield (TTM)
2.69%
Growth
Revenue change (TTM)
-1.27%
Earnings per share change (TTM)
74.55%
3-year revenue growth (CAGR)
12.21%
10-year revenue growth (CAGR)
6.27%
3-year earnings per share growth (CAGR)
47.03%
10-year earnings per share growth (CAGR)
-5.08%
Bulls say / Bears say
Avolta demonstrated resilience despite geopolitical disruption: H1 2026 organic growth was 3.7%, or 5.2% excluding the Middle East, while Q2 equity free cash flow reached CHF 370 million and net leverage improved to 2.07x from 2.15x a year earlier. (Avolta)
The company is adding long-duration growth assets with limited balance-sheet strain: the DFS Okinawa acquisition provides entry into Japanese travel retail, carries average contract duration above 10 years, is expected to be immediately earnings accretive, and is projected to increase leverage by only about 0.1x. (Avolta)
Avolta has strengthened funding flexibility while returning capital: its June refinancing extended debt maturities through a EUR 400 million 2033 bond, and the company had completed CHF 106 million of a planned CHF 225 million share buyback by the end of June. (Avolta)
H1 2026 CORE turnover fell to CHF 6.44 billion from CHF 6.61 billion a year earlier, while reported growth was reduced by a 5.7% foreign-exchange headwind; organic growth of 3.7% also remains below Avolta’s 5–7% medium-term target. (Reuters)
Profitability remains exposed to disruption in the Middle East and start-up costs at JFK and Pudong: H1 CORE EBITDA margin declined to 9.1% from 9.3%, and management said the margin would have been approximately 9.5% excluding those factors. (Avolta)
Avolta still carries meaningful balance-sheet and concession obligations: Moody’s calculated 2025 adjusted gross debt/EBITDA at 3.8x, including CHF 8.15 billion of lease liabilities, while the June refinancing left part of the 2027 bond maturity to be refinanced later in 2026 or repaid in cash. (Moody’s)
Data summarised monthly by Lightyear AI. Last updated on 10 Sept 2026.
Upcoming events
No upcoming events
Funds containing Avolta AG
AllEURGBPUSD
Fund name | Fund size | Fr. AVOL weighting |
|---|---|---|
iShares STOXX Europe 600 Retail€EXH8 | €11M | 5.86% |
iShares STOXX Europe Mid 200€EXSD | €610M | 0.26% |
iShares MSCI Europe ex-UK€IEUX | €1.5B | 0.05% |
iShares MSCI Europe ex-UK£IEUX | £1.3B | 0.05% |
Vanguard FTSE Developed Europe ex UK€VERX | €3.4B | 0.05% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.