1127 GMT - Avolta posted solid third-quarter results and a reassuring outlook, Deutsche Bank Research analysts say in a note. Most importantly, the Swiss travel-retail group made quarterly Ebitda of 445 million Swiss francs, ahead of consensus' 439 million francs, with margins driving the slight outperformance, DB says. Year-to-date, Ebitda is now at 1.012 billion francs, slightly below Deutsche Bank Research's estimated 1.016 billion francs, but on track to meet full year expectations, they say. Shares trade 0.4% lower at 34.30 euros. (nina.kienle@wsj.com)
(END) Dow Jones Newswires
November 01, 2024 07:28 ET (11:28 GMT)
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