Highlights
2025
Avolta wins major duty-free concession at Shanghai Pudong.
Avolta secured a first-in-a-generation multi-year duty-free contract at Shanghai Pudong International Airport, gaining over 8,000 m2 of retail space across 43 stores. The first concession of this kind in mainland China and a significant step in strengthening its Asia Pacific presence.
CHF 13,720 million Core Turnover, +5.5 % Core Organic Growth, and 9.7 % Core EBITDA margin.
Ongoing resilient travel demand with solid spend-per-passenger resulted in CORE revenue growth of +5.9 % at CER and an EBITDA margin improvement of +0.3 %.
Debt at its lowest level in 14 years with leverage of 1.96x.
Ongoing financial discipline and investor confidence enabled Avolta to successfully issue EUR 500 million in senior notes at a competitive 4.50 % rate, maturing in 2032. The proceeds will support refinancing of 2026 notes and repayment of revolving credit, reinforcing liquidity and extending debt maturity.
Committed to shareholder returns.
Avolta remains committed to its capital allocation policy by growing the business, reducing leverage, and delivering strong returns to shareholders. A proposed dividend of CHF 1.15/share (+15 % YoY), and the completion of a CHF 200 million share buyback program in 2025, enhances shareholder value and supports Avolta’s Destination 2027 strategy.
Club Avolta’s market-first loyalty partnership.
Club Avolta celebrated its first anniversary with now over 16 million members and loyalty transactions every 2 seconds. This year saw an industry-first collaboration between the loyalty programs of Avolta and King Power introducing reciprocal benefits across both networks and setting a new standard in travel retail loyalty.
Avolta set to enter Japan in 2026, expanding Asia Pacific footprint.
A major F&B contract at Kansai International Airport marks Avolta’s 2026 debut into Japan, positioning the company in one of the country’s busiest aviation hubs and expanding its reach across tourist hotspots – Osaka, Kyoto, and Kobe.
Avolta invests in data leadership.
Avolta strengthened its data capabilities by creating a dedicated Data department, uniting 150 specialists from across the business into one focused unit. This strategic move underscores our commitment to harnessing data-driven insights and innovation at scale.
Multiple long-term contract wins at JFK.
Avolta reinforced its role as a key partner at JFK through a series of contract wins: an 11-year duty-free contract in Terminal 8, a seven-year retail contract and 10-year dining revamp in Terminal 5, and a 15-year win in Terminal 4 to open nine new restaurants.
First Avolta F&B in LATAM: Brazil.
The company launched its first food & beverage outlet in Brazil, as part of a new three-year contract with Aena including duty-free and duty-paid retail. This marked the entry of F&B in Avolta’s Latin America region, with all regions now operating across all lines of business.
Global recognition across travel retail and F&B.
In 2025, Avolta was honored with multiple industry-leading accolades. Highlights include Best Retailer (MEADFA), Best Specialty Retail Concept (Frontier), and Daring Innovation (FAB) for Hungry Club in Madrid. Club Avolta won Digital Initiative (FAB) and Future of Retail (Frontier), as well as Digital Disruptor (The Moodies), while Avolta’s Presentedby concept at Zayed International Airport received Platinum (London Design Awards).
Global certification with EDGE.
Delivering on its 2025 target, Avolta is now certified with EDGE, the leading global standard for workplace equity, diversity, and inclusion, marking a significant step forward in its long-term commitment to building a fair, equitable workplace for its global teams.