Swiss duty free retailer Dufry raised its 2021 savings target and free cash flow guidance for the second time this year, citing a recovery in travel from the pandemic-related slump, primarily in the Western hemisphere.
The retailer, which operates more than 2,300 shops at airports, on cruise liners, in seaports, and other tourist locations, is seeing signs of recovery after being severely hit over the last year and a half by the travel restrictions imposed to tackle the coronavirus pandemic.
