World Duty Free closed 2013 with growing profits and turnover, while in the first eight weeks of 2014 sales increased by 11,6% at constant exchange rates.
In detail, last year consolidated revenues rose to 2,078 billion, from 2,002 billion in 2012 (+7,1% at constant exchange rates, +3,8% at current exchange rates). Net income for 2013 rose to 105,8 million, from 100,7 million a year earlier (+10,2% at constant exchange rates, +5,1% at current exchange rates).
Ebitda instead fell to 254,8 million, from 262,3 million in the previous year, down 2,9% at current exchange rates. At constant exchange rates, the change would have been positive by 0,6%. The company's board of directors also decided to propose to the shareholders' meeting a treasury share purchase program for a maximum of 5% of the capital.
Immediately after the results, the stock went positive, recording a tear up to +4,5%, reduced in the following minutes up to +1,15%.
