Avolta posts robust first quarter results with 8.2% growth in turnover

By Trbusiness Editor | Thursday, 15 May 2025 12:19

Xavier Rossinyol, CEO of Avolta.

Avolta has reported 8.2% turnover growth at constant exchange rates (CER), reaching CHF 3,050 million.

The retailer’s diversified geographic and channel strategy, coupled with disciplined execution, drove organic growth of 5.3% or 6.5% excluding leap year distortion effects, while EBITDA rose 16.3% yoy to CHF 196 million, with a margin of 6.4%, up +0.37% from Q1 2024.

Avolta’s Q1 2025 performance illustrates its resilience amid varied regional dynamics. Reported turnover hit CHF 3,105 million, with turnover growth fuelled by a 5.1% like-for-like increase and a 2.9% contribution from mergers and acquisitions. The company’s equity free cash flow (EFCF) was CHF -104 million, aligning with seasonal patterns and reflecting the timing of Easter, compared with CHF -80 million in Q1 2024.

The group’s financial position remains solid, with net debt reduced to CHF 2,820 million from CHF 2,915 million a year ago.

Regional performance

EMEA led with a 9.4% reported growth and +9.0% organic growth, driven by robust demand. Latin America followed with +11.1% reported growth and +8.5% organic growth, bolstered by Avolta’s first F&B opening at São Paulo’s Congonhas Airport.

Source: Avolta.

Asia Pacific saw a +59.2% reported growth, though organic growth was more modest at +2.3%, reflecting new contract wins, including a multi-store retail and F&B deal at Shanghai Pudong International Airport.

North America faced softer traffic volumes, posting a +1.8% reported growth but a slight 0.2% organic decline.

Avolta’s strategic initiatives in Q1 included the launch of Presentedby at Zayed International Airport in Abu Dhabi, a retail concept blending digital innovation with physical offerings such as sneakers and pre-loved luxury items.

In North America, the retailer secured a 15-year F&B contract at JFK Terminal 4 and extended its Terminal 5 F&B deal. The company’s Club Avolta loyalty programme added more than 1 million new members, expanding its reach across 5,100 global outlets.

Xavier Rossinyol, CEO of Avolta, said: “Avolta has made a strong start to 2025, driven by the resilience of our diversified global platform and disciplined execution. Two and a half years into our strategic roadmap, we have exceeded expectations on all key performance indicators, creating sustainable value for our shareholders. While North America faced headwinds, our performance in other regions more than compensated, and we remain confident in our medium-term targets.”

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