| Content | 1 Duty Free Shops S.A. Full Year 2011 Financial Results • Revenues of EUR 1,021.4 million • EBITDA at EUR 198.8 million • Profit after tax at EUR 91.3 million Historical performance of revenues in a continuing deteriorating environment Sales revenues increased by as much as 3.2% reaching historical highs at Euro 1,021.4 million, exceeding €1bn for the first time Gross profits increased by 3.6% and reached Euro 516.5 million. The relevant margin settled at 50.6% from 50.4% in the last year. Operating profit reached Euro 173,9 million against Euro 171.7 million for 2010 (+1.3%). Net profit after taxes reached Euro 91.3 million against Euro 85.1 million for the previous year, posting an increase of 7.3%. EBITDA reached Euro 198.8 million increased by 2.8%, with the respective margin remained stable as 2010 at 19.5% P&L 01.01- 31.12.2011 01.01- 31.12.2010% Sales Revenue1.021.417.216,65989.600.917,393,22% Gross profits516.517.948,20498.505.797,403,61% Operating profits173.976.774,48171.673.004,181,34% Profit before taxes121.937.756,64124.712.039,86-2,22% Profit after taxes91.288.882,1985.104.508,057,27% Attributable to Owners of the parent company89.518.910,3483.279.446,427,49% Non controling interests1.769.971,851.825.061,62-3,02% 198.748.243,74193.347.983,712,79% Profit before taxes, financing and investing results, depreciation and amortization (EBITDA) WorldReginfo - 59086b6e-8100-4995-83d7-be9d371b8327 |