1119 GMT - Avolta's third-quarter update looks neutral overall, but good cash generation suggests there is potential for additional cash returns to shareholders, RBC Capital Markets' Manjari Dhar and Richard Chamberlain say in a note. Top-line growth was weaker than expected in the third quarter, but the Swiss travel retail group showed green shoots in North America in October, RBC says. "We also note strong cash conversion, which we think should be a positive indicator that higher returns could continue," the analysts say. Avolta said its quarterly free cash flow was 287 million Swiss francs, up 24% and ahead of its own expectations. Shares fall 0.5%. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

October 30, 2025 07:19 ET (11:19 GMT)

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