Retail
Solid FY2016 results; synergies target raised to CHF125m
Dufry (BUY, TP CHGF174.7, from CHF172.5) Dufry today announced solid FY2016 results, in line with our estimates. Revenue rose 27.5% to CHF7.829bn (Hammer Partners CHF7.833bn), […]
Q4 2016 results lag expectations
Yoox Net-A-Porter (BUY, TP EUR30.5, from EUR31.4) Yoox Net-A-Porter’s Q4 2016 results, announced yesterday after market close, came in slightly below our estimates and consensus. We […]