Day of celebration on the Milan Stock Exchange for the World Duty Free stock, which – after the +2% posted last Friday – is now up 4,3% at the end of the morning, to 6,91 euros. It's about the best rise of the entire Ftse Mib, which in the same minutes travels down by 0,4%.
The wave of purchases on Wdf shares was triggered by the positive quarterly published last Friday by the company, which also named Eugenio Andrades new managing director to replace Josè Maria Palencia, who resigned due to divergent opinions with the company "on the process of drawing up the strategic lines of the new industrial plan".
In detail, World Duty Free closed the third quarter with revenues at 726,3 million, up 19,3% year-on-year, while Ebitda rose 1% to 85 million and net profit fell to 44,9 million from 48,5 from the same period last year.
The company - which approved the refinancing of the credit lines until November 2019 - said that the 2014 profit could be affected by the effects deriving from the provisions for the integration of the group and that in the future London will become the operational center of WDF.
