Avolta AG reports 7th consecutive quarter of growth, 5.7% Q3 turnover increase, and plans to acquire Free Duty for Hong Kong presence.
Avolta AG, a Swiss duty-free retailer, reported strong financial results for the first nine months of 2024, marking its seventh consecutive quarter of growth. The company achieved a 5.7% increase in third-quarter turnover, reaching CHF 3.83 billion, driven by high demand during summer travel. Avolta plans to cancel 4% of its share capital and confirmed its medium-term goals, including the acquisition of Free Duty to enhance its presence in Hong Kong.
October 31, 2024
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