Switzerland · Delayed Price · Currency is CHF Avolta AG Earnings Call Transcripts
Fiscal Year 2025
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Delivered strong organic growth and margin expansion, with robust cash flow and disciplined capital allocation. Diversification and data-driven strategies underpin resilience, while new market entries and loyalty initiatives support future growth.
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Turnover grew 5.8% to CHF 10.6 billion with record equity free cash flow and margin expansion. Strong October performance and positive North American trends support confidence in meeting full-year and medium-term outlook.
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Delivered strong H1 results with 7.1% reported and 5.7% organic growth, EBITDA margin up 30 bps, and CHF 216 million equity free cash flow. Club Avolta loyalty program reached 13 million members, supporting sales and margin resilience despite regional challenges.
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At the midpoint of its Destination 2027 plan, the company has delivered strong growth, margin expansion, and cash flow, driven by passenger growth, higher spend per passenger, and new space. The outlook remains for 5%-7% annual turnover growth, ongoing margin and cash flow improvements, and disciplined capital allocation with progressive dividends and buybacks.
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Turnover grew 8.2% in Q1 and 8.5% year-to-date April, with strong EMEA and Latin America performance offsetting flat North America. EBITDA margin improved, leverage decreased, and guidance for 5-7% organic growth and margin expansion is reaffirmed.
Fiscal Year 2024
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2024 saw strong revenue and cash flow growth, with EBITDA margin expansion and robust performance across all regions. Shareholder returns increased via higher dividends and buybacks, while digital and commercial transformation advanced. 2025 started strong, with continued focus on growth and efficiency.
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Strong nine-month results with CHF 10.1 billion revenue, 6.8% like-for-like growth, and a 9.9% EBITDA margin. Equity-free cash flow rose 46% to CHF 445 million, leverage hit a 14-year low, and new initiatives like Club Avolta and hybrid stores are driving engagement and future growth.
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Strong H1 2024 results with 11% revenue growth, 16% EBITDA increase, and record free cash flow. All regions grew, margins expanded, and guidance for the year is confirmed at the top end, supported by cost discipline and portfolio diversification.