By Adria Calatayud

Avolta reaffirmed its midterm outlook, targeting organic sales growth and profitability improvements through to 2027, supported by its expectations of higher passenger traffic and spending per passenger.

The Swiss travel-retail group said Thursday that it continues to aim for annual organic growth in turnover of 5% to 7% over the period to 2027, with improvements in its core earnings before interest, taxes, depreciation and amortization margin of between 20 and 40 basis points a year.

Avolta said it would look to return one third of its cash flow through dividends and to launch a share buyback program if it considers its balance sheet to be over-capitalized.

The company also targets an improvement in its equity free cash flow--or cash generation available to equity shareholders--of between 100 and 150 basis points annually through to 2027, it said.

For 2024, Avolta reported a core Ebitda margin of 9.4% and turnover of 13.725 billion Swiss francs ($17.06 billion), with en equity free cash flow of 425 million francs.

Write to Adria Calatayud at adria.calatayud@wsj.com

(END) Dow Jones Newswires

June 26, 2025 01:13 ET (05:13 GMT)

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