Avolta reports strong H1 turnover growth of +11% with uninterrupted positive momentum into H2 - Seite 2

With strong business development across all regions delivering on our goal of consistent strong financial performance, we keep the traveler and their travel experience across our product and service offering at the centre of our attention. In Milan, we launched an innovative pilot program with Utu where travelers can convert VAT refunds into vouchers redeemable exclusively in our duty-free shops. With a global rollout, this VAT program presents the opportunity to unlock over a billion in estimated unclaimed VAT refunds and open up a new, substantial revenue and income stream for Avolta. 

Avolta stands out with its diversified global platform, boasting more than 5,100 points of sale across 73 countries. Powered by our people, our half yearly results make 76,000 of us proud today, and I thank all our team members for their contributions around the world. Thank you for making the journeys of our travelers as rewarding as their destinations.

With a global commitment to delivering best-in-class execution and performance, our teams continue to drive our operational improvement culture, integrating leading global systems and being recognized for both by the ACI North America Excellence in Airport Concession Awards as well as by the Moodie Davitt F&B Airport Awards. Avolta’s ESG house has established an important foundation, honoring Eugenio Andrades, a leader in the travel industry, with the intention of supporting children with neurological disabilities. We have also partnered with DB Schenker to pioneer low-emission marine biofuel between Europe and the USA. 

We are delighted that our strong momentum continues into H2. We are confident of the way forward and in our ability to deliver strong results. While 2024 holds great promise, with long-term global air passenger traffic trends expected to grow 2.5x by 2050, the best is yet to come. Journey On!”

RECENT DEVELOPMENTS AND OUTLOOK:

Avolta has continued to see strong demand into summer, especially across all key holiday destinations. Avolta continues to believe that these positive trends will persist throughout the remainder of 2024, underpinning expectations that 2024 organic growth and CORE EBITDA margin will come in at the top-end of mid-term trends.