Associated tags: Travel, Airport, Taste
Locations: USA, MARYLAND, CANADA, SCHWEIZ, INDONESIA, APAC, OCEANIA, EDINBURGH, MIDDLE EAST, EUROPE, UK, SCOTLAND, IRELAND, SPAIN, BB, BRAZIL, AFRICA, MALAYSIA, EUROPEAN UNION, II, UNITED KINGDOM, EU, UNITED STATES, SWITZERLAND
We are delighted to invite you to our Q1 2024 Trading Update Presentation Webcast:
Key Points:
- We are delighted to invite you to our Q1 2024 Trading Update Presentation Webcast:
The presentation will be hosted by Xavier Rossinyol, Avolta CEO, and Yves Gerster, Avolta CFO.
- Accessible via webcast and phone, the presentation will be held in English and will be followed by a Q&A session.
- A playback will be available until 16 June 2024.
- If you are unable to register through the link, please send an e-mail to [email protected].
Avolta actively growing in APAC: secures new duty-free contract at Kualanamu International Airport in Medan, Indonesia
Key Points:
- Avolta actively growing in APAC: secures new duty-free contract at Kualanamu International Airport in Medan, Indonesia
Avolta AG (SIX: AVOL), leading global travel experience player, increases its footprint in Asia-Pacific, securing a new duty-free contract for two stores at Kualanamu International Airport*, serving the city of Medan and North Sumatra.
- Expected to commence operations in July 2024, Avolta will first open a 350m2 temporary departures store as well an arrivals store of close to 300m2, directly after security and immigration respectively.
- From this time, both outlets will continue their operations for a period of five years.
- We hope to provide our growing international passengers at the airport, be they tourists or business travellers, an immersive and unique shopping experience, that will elevate their comfortable travel through our airport to the next level."
Avolta AG (SIX: AVOL), the leading global travel experience player, will build on its longstanding retail presence at Greece’s Athens International Airport with a ten year contract extension until the beginning of 2034.
Key Points:
- Avolta AG (SIX: AVOL), the leading global travel experience player, will build on its longstanding retail presence at Greece’s Athens International Airport with a ten year contract extension until the beginning of 2034.
- The contract extension sees Avolta continue to operate 31 retail stores, over a combined floor space of more than 4,900 m2 in Greece’s busiest airport.
- Avolta’s subsidiary Hellenic Duty Free Shops has operated duty-free retail stores at Athens International Airport since the airport first commenced operations in 2001.
- George Eleftherakos, Chief Development Officer, Athens International Airport, said: "We are excited to expand our long-lasting relationship with Avolta, acclaimed operators of the largest retail concession at the Athens International Airport.
Avolta AG (SIX: AVOL), the leading global travel experience player, has announced the successful completion of its refinancing initiative, further enhancing its financial flexibility by extending its average debt maturity.
Key Points:
- Avolta AG (SIX: AVOL), the leading global travel experience player, has announced the successful completion of its refinancing initiative, further enhancing its financial flexibility by extending its average debt maturity.
- Following the successful placement of the EUR 500 million Senior Notes due 2031 last week, Avolta has successfully completed its refinancing initiatives with the closing of a cash tender offer to existing bondholders of the outstanding EUR 800 million Senior Notes due 2024.
- Commenting on this, Yves Gerster, Avolta’s Chief Financial Officer, said: “We are very pleased to announce a successful refinancing.
- This significantly extends our debt maturity, enhances our financial flexibility and underscores investor confidence in our robust growth trajectory.”
Retrieved on:
Wednesday, April 10, 2024
Avolta Publishes Invitation to its Annual General Meeting on May 15, 2024
Key Points:
- Avolta Publishes Invitation to its Annual General Meeting on May 15, 2024
Avolta publishes the invitation to its Annual General Meeting 2024.
- The event will take place on May 15, 2024 at 14:30 CEST (doors open at 14:00 CEST), at Rhypark, Mühlhauserstrasse 17, 4056 Basel, Switzerland.
- The Annual General Meeting invitation and agenda, as well as the Letter of Avolta’s Chairman to Shareholders, can be accessed here: 2024 Ordinary General Meeting.
Retrieved on:
Wednesday, April 10, 2024
EUR,
The International Stock Exchange,
European Economic Area,
Official List,
Financial services,
Sale,
Senior,
Prospectus,
EEA,
Note,
Debt-to-GDP ratio,
FSMA,
Security (finance) Avolta today priced an offering of EUR 500 million aggregate principal amount of 4.750% Senior Notes due 2031 (the “Notes”).
Key Points:
- Avolta today priced an offering of EUR 500 million aggregate principal amount of 4.750% Senior Notes due 2031 (the “Notes”).
- Proceeds from the offering are expected to be used to refinance a portion of Avolta’s outstanding Senior Notes due 2024.
- It is expected that the Notes will be admitted to the Official List of The International Stock Exchange.
- Avolta has no intention to register any portion of the offering of these securities under the Securities Act.
Retrieved on:
Wednesday, April 10, 2024
F&B,
Growth,
KFC,
Partnership,
Coffee,
Travel,
Glass,
Foodservice,
Sabiha,
Starbucks,
Airline Recently confirming the award of a nine-year contract for 26 food & beverage (F&B) stores at Istanbul Sabiha Gökçen International Airport, Avolta is renewing its existing 22 F&B stores and introducing four additional F&B locations to the airport.
Key Points:
- Recently confirming the award of a nine-year contract for 26 food & beverage (F&B) stores at Istanbul Sabiha Gökçen International Airport, Avolta is renewing its existing 22 F&B stores and introducing four additional F&B locations to the airport.
- Now, Avolta is set to enhance its portfolio with four exciting new stores, blending global and local flavors and designs to create a sense of place for every traveler.
- Avolta will also open a proprietary bar to be fueled by Anadolu Efes, a popular Turkish beer producer and Europe’s fifth largest brewer.
- It marks a significant milestone in the company’s partnership with Sabiha Gökçen International Airport, and reinforces Avolta’s commitment to the airport’s continued growth and evolution in the years ahead.
Retrieved on:
Wednesday, April 10, 2024
Partnership,
Knowledge,
Travel,
Departure,
ENAIRE,
CCO,
Restaurant,
Heart,
Jewellery,
Airport,
LATAM,
Airline Avolta AG (SIX: AVOL) is delighted to announce a new six year contract at Brazil’s Maceió-Zumbi dos Palmares airport to operate a 170m² duty paid store.
Key Points:
- Avolta AG (SIX: AVOL) is delighted to announce a new six year contract at Brazil’s Maceió-Zumbi dos Palmares airport to operate a 170m² duty paid store.
- An international gateway to vibrant tourist destinations and historic cities, the airport attracts over 2.5 million passengers annually (2023 figures), and with the win of this duty paid contract in a new airport location, Avolta further extends its already significant footprint in Brazil.
- The offer of a new commercial mix - with more shopping, services, and restaurants - is part of the new approach implemented at airports in Brazil.
- We are pleased to have Avolta on board to carry out this project at Maceió Airport.”
Retrieved on:
Wednesday, April 10, 2024
Avolta AG (SIX: AVOL), the leading global travel experience player, confirms its upgraded credit rating from S&P Global Rating from BB to BB+ with Outlook Stable, as announced by the rating agency yesterday.
Key Points:
- Avolta AG (SIX: AVOL), the leading global travel experience player, confirms its upgraded credit rating from S&P Global Rating from BB to BB+ with Outlook Stable, as announced by the rating agency yesterday.
- In the rating report, published on April 3, 2024, S&P Global Ratings highlights the strong operating performance in 2023 on the back of sound passenger traffic recovery.
- S&P’s stable outlook reflects their expectations of Avolta’s continued sound operating performance fueled by continued growth in traffic and successful execution of its global strategy.
- Yves Gerster, Avolta’s Chief Financial Officer, commented: “We are extremely satisfied with the rating upgrade by S&P Global Ratings, following last week’s upgrade from Moody’s.
Retrieved on:
Wednesday, April 10, 2024
Avolta AG (SIX: AVOL), the leading global travel experience player, confirms its upgraded credit rating from Ba3 to Ba2 with Stable outlook according to Moody’s Investment Service announcement yesterday.
Key Points:
- Avolta AG (SIX: AVOL), the leading global travel experience player, confirms its upgraded credit rating from Ba3 to Ba2 with Stable outlook according to Moody’s Investment Service announcement yesterday.
- In the rating report, published on March 27, 2024, Moody’s referred to Avolta’s continued strong organic revenue growth and improved profitability in 2023.
- According to Moody’s, the combination with Autogrill was credit-enhancing due to the increase in scale, product and channel diversification.
- The stable outlook indicates Moody’s expectation of ongoing organic revenue and EBITDA growth, underpinned by steadily increasing air passenger traffic globally.
