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  • Pages
  • Editions
01 The Moodie Davitt e-Zine 248
02 Estée Lauder
03 Contents
04 Coty
05 Travel retail highlights
06 Trussardi
07 Travel retail highlights 2
08 Remy
09 Travel retail highlights 3
10 Romamor
11 Travel retail highlights 4
12 Laboratoire Nuxe
13 Travel retail highlights 5
14 Shiseido
15 Travel retail highlights 6
16 Dunhill
17 Travel retail highlights 7
18 Formia
19 Seva Duty Free
20 Daniel Wellington
21 Heinemann 1
22 Brown Forman
23 Heinemann 2
24 Godiva
25 Heinemann 3
26 Diesel
27 Heinemann 4
28 Ferrero
29 Heinemann 5
30 Scorpio
31 Heinemann 6
32 DFASS
33 Heinemann 7
34 Data Circle
35 Airport Lounge Development
36 HIHH
37 Travel retail's positive disruptors and innovators
38 2H Media
39 Airports as Artports
40 Moodie Insights
41 Sense of Place
42 Dufry
43 Stock Watch
44 e-Zine Specials
45 The Front Line
46 The Trinity Forum

DATA ROOM


STOCK WATCH

28 SEPTEMBER 2018


The Moodie Davitt Stock Watch serves as an indicator of overall business confidence in the global travel retail & duty free industry. Share prices of major publicly listed companies that own travel retail operations are monitored on a weekly and year-to-date basis to offer an indication of business confidence in the sector.

Shares in food & beverage company SSP Group hit a 52-week high of £7.29 on 21 September, just days before the company published its pre-close trading update. SSP’s financial year runs to 30 September. It said Q4 like-for-like sales growth had continued at a similar level to Q3 (which was +2.7%), and was in line with expectations.

“Our expectations for like-for-like sales growth in the full year remain unchanged at between +2% and +3%,” SSP added in the statement. “Like-for-like sales growth has been driven largely by increased passenger numbers in the air sector. Trading in the rail sector has remained soft during the year.”

SSP noted that its acquisitions of TFS in India and Stockheim are performing well, and are expected to add +1.5% to revenue in the full year.

In the period tracked here (closing prices between 19 and 25 September), shares in SSP were up +1.1%, and are +4.5% ahead of where they were on 1 January.

Staying in F&B, Areas parent company Elior Group recorded a +5% increase in the current period, one of its more encouraging performances in a generally downward-trending 2018. Indeed, its year-to-date differential is -23.7%. That makes it the worst performing company among those we track, just behind another F&B company, Autogrill, at -23.2%.

Elsewhere, shares in China Duty Free Group parent China International Travel Service (CITS) were up +4.8%, continuing the company’s positive momentum. Shares in CITS have now increased +53.9% since the start of the year, making the company our star performer so far in 2018 – and by some distance.

DFS co-parent LVMH is now ranked second in year-to-date improvement among the companies we track, at +23.7%. Shares in the company rose +4.7% this time.

On the other end of the scale, shares in Dufry have fallen to a 52-week low (CHF110 on 26 September) and are down -20.4% since 1 January.


The Moodie Davitt e-Zine | Issue 248 | 28 September 2018