Analyst Research

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Provider: Reuters Investment Profile
$20.00

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World Duty Free SpA Issues FY 2013 Revenues and EBITDA Guidance Above Analysts' Estimates


Tuesday, 12 Nov 2013 11:29am EST 

World Duty Free SpA (WDF) announced that it has issued the Company's revenues and EBITDA guidance for fiscal year 2013. For fiscal year 2013 Revenues are expected to be between EUR 2,060 million and EUR 2,080 million, including revenues from the recently acquired U.S. travel retail operations from HMSHost. WDF’s expected EBITDA for fiscal year 2013 is to be in the range of EUR 250 million to EUR 260 million. The contribution of the recently acquired U.S. travel retail operations is expected to be marginal (less than EUR 1 million for the remainder of the year) after some integration costs are taken into account. According to I/B/E/S Estimates, analysts on average are expecting the Company to report for fiscal year 2013 revenues of EUR 1,955.93 million and EBITDA of EUR 240.61 million.