Source: ©The Moodie Report - 03/09/10
 FRANCE/INTERNATIONAL. Aelia today reported sales of €305 million for H1 2010, up by +7% on a like-for-like basis on the same period last year. The figures were buoyed by a +8.9% rise in sales per passenger at the SDA joint venture with Aéroports de Paris, with non-EU sales per passenger up +10%. Read on for details, and comment from Aelia CEO Jean-Baptiste Morin.
Source: ©The Moodie Report - 01/09/10
 GREECE. More details have emerged about Hellenic Duty Free Shops’ first half results, released earlier this week. Hellenic said that sales (-8.9%) had not kept pace with passenger growth (+1.1%), falling particularly sharply in April (volcano cloud) and June. Confectionery, up +4.0%, resisted the negative trend.
Source: ©The Moodie Report - 31/08/10
 FRANCE. Aéroports de Paris today unveiled strong first-half growth in retail and services. Aéroports de Paris Chairman and CEO Pierre Graff said: “Traffic was severely disrupted in April by the eruption of the Icelandic volcano Eyjafjallajökull. Despite this, Aéroports de Paris Group’s results for the first half of 2010 are satisfying, due in particular to the increase in revenue per passenger achieved in shops within restricted areas.”
Source: ©The Moodie Report - 31/08/10
 ASIA PACIFIC. The Asia Pacific Travel Retail Association (APTRA) will collborate with industry analyst Generation Research to produce regular statistical reports on the duty free and travel retail industry in the Asia Pacific region. The APTRA–Generation Index will chart the evolution of the five core product categories using data supplied by airport retailers, airport authorities and owners, operators of downtown shops and border shops, and airlines.
Source: ©The Moodie Report - 30/08/10
 NETHERLANDS. Schiphol Group has reported a solid +2.8% year-on-year rise in revenues from its Consumers Business Area in H1 2010, to €137.6 million. Crucially, average spend in the See Buy Fly shops rose by +3.4% to €15.74 in the half. The division’s revenues were hit to the tune of €2.7 million by the volcanic ash cloud in April and May. Revenue for the group as a whole hit €545 million in the half, down by -1.5%, though profits grew sharply.
Source: ©The Moodie Report - 30/08/10
 GREECE. Hellenic Duty Free Shops (HDFS) today unveiled a +9.7% rise in pre-tax profits to €21.6 million for its travel retail operations for the first half of 2010. This was despite a -8.9% drop in sales to €93 million. HDFS General Director George Velentzas said: “The parent HDFS [i.e. the travel retail operations –Ed]… significantly increased its profitability despite the increase in sales, still remaining the most profitable company in the travel retail industry.”
Source: ©The Moodie Report - 26/08/10
 NEW ZEALAND. Auckland International Airport Limited today posted what it described as better than expected annual results for 2010. While retail income was down -9.0% over 2009 and retail income per international passenger fell sharply, the company said this was due to a combination of one-off factors, including the change to a dual duty free retailer model.
Source: ©The Moodie Report - 25/08/10
 INTERNATIONAL. Need to have the latest traffic statistics at your fingertips? Simple. All you have to do from now on is click onto The Moodie Report.com Traffic Monitor PDF, updated every two weeks on this website. Read on for details.
Source: ©The Moodie Report - 19/08/10
 THAILAND. Despite a difficult third quarter, Airports of Thailand (AoT) concession revenues leapt by +10.78% in the first nine months of the 2010 financial year (to the end of June), compared to the same period a year earlier, with the figure hitting Bt3.99 billion (US$126 million). The growth came against the backdrop of a +13.03% surge in total revenues at the Thai airports group in the period, and a +17.9% rise in passenger traffic.
Source: ©The Moodie Report - 16/08/10
THAILAND. Airports of Thailand has reported a -139.3% fall in profitability for the third quarter of its financial year to a loss of THB516.23 million (US$16.22 million), following the recent political unrest in the country which damaged tourism demand. The company has also spelled out a range of proactive measures it has taken to aid its airline and concessionaire partners during this difficult period.
Source: ©The Moodie Report - 12/08/10
 INTERNATIONAL. Dufry Group plans to open close to 20,000sq m of new retail space in 2010, covering 152 stores, CEO Julián Díaz told analysts after Thursday’s half-year results announcement. More than half of the stores will open in Q3 and Q4, with a strong contribution from Dufry’s Hudson acquisition. Díaz also reiterated the retailer’s desire to expand in emerging markets, with Russia, China and India of particular interest.
Source: ©The Moodie Report - 11/08/10
 DENMARK. Shopping Centre revenues at Copenhagen Airports (including retail and food & beverage) fell by -6.4% year-on-year in the first six months, the group reported today. This was mainly due to a change in contract conditions and a temporary closing of two food & beverage units. Encouragingly, spend per passenger rose in the half, and duty free revenues also increased (by +7.5%) in the period.
Source: ©The Moodie Report - 11/08/10
INTERNATIONAL. “We are alert in respect to the uncertainties related to the global economic development but we remain optimistic because the travel retail industry has showed its resilience again. During the first half of 2010, we have seen good passenger growth and an increase in spend.''
Dufry CEO Julián Diaz reveals an improved and impressive set of first-half results showing double-digit revenue and profits growth.
Source: ©The Moodie Report - 11/08/10
 SWITZERLAND. Commercial activities at Zürich Airport maintained their robust performance in July as net sales to consumers from shops and restaurants climbed by +7.2% year-on-year to CHF44 million (US$41.5 million). Net sales per departing passenger increased by +1.3% over July 2009. Year-to-date commercial turnover is up by a healthy +5.7% against passenger traffic growth of +3.5%.
Source: ©The Moodie Report - 10/08/10
 BAHRAIN. Bahrain Duty Free Shops has reported a strong +9.6% rise year-on-year in consolidated sales for the first six months of 2010, with net profit increasing by +13.5%. Passenger numbers increased by just +2.7%. Basic earnings per share for the six months increased by +13.6%. Spend per head and penetration levels also posted healthy rises.
Source: ©The Moodie Report - 10/08/10
 CANADA. Airport duty free sales in Canada climbed by +12% year-on-year to C$96 million (US$92.7 million) in the first six months of 2010, according to figures from the Canadian Border Services Agency, reported by the Frontier Duty Free Association (FDFA). Land border sales fell marginally (-0.5%) to C$56.8 million (US$54.8 million) in the same period. Both channels showed good sales growth in June.
Source: ©The Moodie Report - 08/08/10
 UAE. Duty free retail turnover at Abu Dhabi International Airport grew by +19% year-on-year during the first half of 2010 to US$75 million. This figure was driven by an impressive +7.2% rise in per-passenger spend to US$14.47. Abu Dhabi Airports Company Chief Commercial Officer Huraiz Almur bin Huraiz says: “Retail spending at our airport is significantly stronger than passenger growth (+11.7%), a clear sign that we are succeeding in encouraging travellers to spend more."
Source: ©The Moodie Report - 06/08/10
 SOUTH KOREA. Korean Air’s duty free sales rankings by value for July saw Ballantine’s Scotch whisky, Camus Cognac, Estée Lauder cosmetics, Chanel fragrances, Hawaiian Sun and Parker lead their respective categories onboard the world’s most successful inflight retail operation.
Source: ©The Moodie Report - 05/08/10
 GERMANY. Fraport Group’s Retail & Real Estate division posted a solid +4.3% rise in first-half revenue, to €186 million, the company reported today. “Our Frankfurt home base generated net retail revenue per passenger of more than three Euros for the first time despite continuing difficult economic times," said group Chairman Dr Stefan Schulte. Frankfurt Airport’s revenue from shopping hit €41.9 million in the half, from €40.5 million a year ago.
Source: ©The Moodie Report - 30/07/10
 ITALY/INTERNATIONAL. International travel retail-to-catering giant Autogrill today posted a +5.4% increase in first-half consolidated revenues to €2,800.3 million (+4.2% at comparable rates). Consolidated EBITDA reached €265.7 million, +3.5% on the first half of 2009 (+2.3% at comparable rates).
Source: ©The Moodie Report - 30/07/10
 BELGIUM. Brussels Airport retail revenues climbed by +2% year-on-year in the first half of 2010, to €22.3 million. Encouragingly, retail revenue per passenger rose by +4.8% in the half, reflecting the increasing proportion of non-EU traffic, as well as strong food & beverage revenues from a series of new airside concepts.
Source: ©The Moodie Report - 28/07/10
 UK. BAA (SP), owner of Heathrow and Stansted airports, today announced a strong retail performance for the first six months. Net retail income rose by +10.2% despite the severe impact of the volcanic ash crisis and industrial action by BA cabin crew. BAA Chief Executive Colin Matthews said: "Heathrow is performing particularly well and achieved its highest-ever passenger satisfaction ratings."
Source: ©The Moodie Report - 27/07/10
 FRANCE. LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €9.1 billion in the first half of 2010, up +16%, boosted by double-digit organic revenue growth in all business units. The Selective Distribution division, which includes leading travel retailer DFS, saw a +14% upswing in first-half revenue and recorded growth of +36% in profit from recurring operations.
Source: ©The Moodie Report - 23/07/10
 AUSTRALIA. Sydney Airport retail revenue climbed by +12.2% year-on-year in the six months to 30 June, hitting A$102.6 million (US$91.6 million), with the increases outstripping passenger growth in the period. Total revenues rose by +11.9%, while EBITDA also rose sharply. The figures were buoyed by the opening of the new-look International Terminal, which was completed last month.
Source: ©The Moodie Report - 20/07/10
 DUBAI. Dubai Duty Free has retained its position as the single largest airport retail operation in the world, based on analysis released by Generation Research. For the second year running Dubai Duty Free (with US$1.14 billion of sales in 2009) ranks ahead of London Heathrow Airport, with Incheon International Airport retaining third position.
Source: ©The Moodie Report - 13/07/10
SWITZERLAND. "The willingness to travel and to spend is back," says Zürich Airport Chief Commercial Officer Peter Eriksson after the airport posted a robust set of commercial results for June. Net sales to consumers from retail and food & beverage posted an encouraging +7.8% increase year-on-year, while sales per departing passenger climbed by +4.5%.
Source: ©The Moodie Report - 03/07/10
UAE. Fresh from a recession-busting record year in 2009, Dubai Duty Free today announced a +16% rise in first-half sales to US$607million. “We have seen an increase in consumer spending across all categories, with average spend per departing passenger at US$47,” says Dubai Duty Free Managing Director Colm McLoughlin.
Source: ©The Moodie Report - 01/07/10
 HONG KONG. Hong Kong International Airport retail and advertising revenue climbed by a robust +12.8% to HK2,918 million (US$374 million) in the financial year to 31 March 2010, reports Airport Authority Hong Kong. Overall turnover grew marginally in a year when passenger traffic dipped but profits surged ahead.
Source: ©The Moodie Report - 24/06/10
 UK. BAA (SP) Limited, the owner of London Heathrow and Stansted airports, today published a bullish set of forecasts for the financial year to 31 December 2010, including a predicted healthy rise in gross retail income and in net retail income per passenger. Passenger numbers are expected to be 85.2 million at the two airports, down on the previous forecast due to the effects of the volcanic ash cloud and airline industrial action.
Source: ©The Moodie Report; Business Times - 24/06/10
 MALAYSIA. Malaysia Airports Holdings has posted revenues of RM436.41 million (US$135.4 million) for the first quarter ended 31 March 2010, up by +11.89% over the same period in 2009. Revenue from the group's retail arm, Eraman Malaysia, grew by +24.71%. The news comes amid a major retail investment programme at five of the company's key airports.
Source: ©The Moodie Report - 23/06/10
CANADA. Canadian airport duty free sales surged by +18% year-on-year in May to C$14 million (US$13.5 million), while land border sales dropped by -3% to C$11.7 million (US$11.3 million) in the month. That’s according to Canadian Border Services Agency figures released by the FDFA. Airport sales have climbed by +10% in the year to date, with land border sales down -1.9%.
Source: ©The Moodie Report - 23/06/10
 MALAYSIA. DFZ Capital, which trades in Malaysian travel retail under the brand name ZON Duty Free, has reported a +152% rise in net profit (after tax) to MYR23.3 million (US$7.2 million) for the financial quarter ended 31 May 2010. The company's duty free division posted revenue growth of +2.8% to MYR162.8 million (US$50.4 million).
Source: ©The Moodie Report - 13/06/10
SWITZERLAND. Zürich Airport turned in a rousing traffic and commercial performance in May, despite the impact of the volcano cloud crisis in the early part of the month. Commercial turnover (retail and food & beverage sales) outstripped traffic growth, rising +10.5% year-on-year to CHF43.2 million (US$37.5 million).
Source: ©The Moodie Report - 11/06/10
SOUTH KOREA. Ballantine’s Scotch whisky, Camus Cognac, Estée Lauder and Chanel fragrances led Korean Air’s inflight duty free sales rankings by value for May in their respective categories. Hawaiian Sun (confectionery) and Swarovski (miscellaneous) were among the other strong performers for the Korean carrier.
Source: ©The Moodie Report - 09/06/10
 FRANCE. The Rémy Cointreau Group reported a strong revenue and profit performance for the 2009/10 financial year ended 31 March, which it said was due to improved distribution, price increases plus investment. Turnover was €807.8 million, an increase of +13.1% (+12.0% organic) while operating profit grew +7.2% to €140 million.
Source: ©The Moodie Report - 08/06/10
 UK. Leading airport newsagent-to-books retailer WHSmith said today that sales within its travel division were down by -4% year-on-year for the 14-week period from 28 February to 5 June 2010. WHSmith Travel said that revenue would have been down by -2% on a like-for-like basis in the period, excluding the impact of the Icelandic volcanic ash disruption.
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