Avolta Reassures on Outlook Amid Worries About U.S. Travel Slowdown -- Market Talk

Dow Jones
03-12

0825 GMT - Avolta's outlook comments offer confidence that its targets are in reach after recent industry comments about slowing domestic travel in the U.S., Vontobel's Arben Hasanaj says in a research note. The Swiss travel-retail group said organic revenue in the first two months of 2025 was up 9.5%, and up 6% organically, and confirmed its organic growth target of 5%-7% a year. The company ended the year on a robust note, with fourth-quarter organic growth at 5.7%, and a 43% hike to its dividend to 1 Swiss franc a share and a continuing 200 million-franc buyback points to a shareholder-friendly capital-allocation policy, Vontobel says. "Travel continues to show robust spending trends despite heightened uncertainties," the analyst says. Shares rise 1.3% to 38.74 francs.(adria.calatayud@wsj.com)

 

(END) Dow Jones Newswires

March 12, 2025 04:25 ET (08:25 GMT)

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