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Strong profits predicted at Hellenic Duty Free ShopsStrong profits predicted at Hellenic Duty Free Shops
19-Aug-2004
Analysts expect Olympics to boost HDFS profits by 43% for the first half of 2004
Greek retailer Hellenic Duty Free Shops (HDFS) is expected to post a 43% rise in pretax profits for the first half of 2004, according to a Reuters poll, due to the higher traffic and sales generated by the Olympic Games
Seven analysts have forecast an average pretax profit of Eu23.2m ($29m), up from Eu16.2m ($20.25m) in the same period last year.
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(8-Mar-2007) - The Greek travel-retailer is expected to announce a net profit of €44.2m ($33.6m) and a rise in retail sales of 14.4% for 2006
(25-Nov-2004) - GREECE. As DFNI went to press, Hellenic Duty Free Shops (HDFS) was set to report slower than expected growth in pre-tax profits in the first nine months of the year, citing a drop in tourist traffic and disappointing Olympic product sales
(14-Oct-2004) - The Greek operator adjusts its annual forecast to account for slow traffic during the Olympic Games in Athens
(15-Nov-2002) -
(11-Feb-2004) - Analysts attribute the strong 2003 performance to cost reductions and a better sales mix, offsetting reduced passenger numbers