World Duty Free sees increase revenue

Travel and duty-free retailer World Duty Free Group on

Tuesday confirmed its full-year core earnings guidance and slightly raised its revenue forecast.

The spin-off from operator Autogrill said it expected to report full-year EBITDA of 250-260 million euro. Revenues were expected to range 2.06-2.08 billion euro, up from an earlier guidance of 2.05 billion euro.

The World Duty Free Group is one of the world’s leading travel retailers and operates over 550 stores in 20 countries across 5 continents. The company tailors its strong global commercial model to each retail location and adapts its product offering, commercial offers and campaigns to specific destinations.