Hudson Group reports Q4/FY 2017 results



Hudson Ltd. (NYSE:HUD), a provider of North American travel retail, has announced its results for the fourth quarter and full year ended December 31, 2017, the company said.

Turnover increased USD 35.3 million or 8.5% to USD 450.4 million for the fourth quarter compared to USD 415.1 million in the fourth quarter 2016.

Full year turnover increased USD 115.3 million or 6.8% to USD 1,802.5 million compared to USD 1,687.2 million in the prior year.

Fourth quarter net sales increased USD 34.9 million or 8.6% from the year-ago period. Full year net sales increased USD 110.7 million or 6.7% to USD 1,760.8 million compared to USD 1,650.1 million in 2016.

Fourth quarter organic sales growth was 9.4%, compared to 10.1% in the year-ago period. Full year organic sales growth was 8.8% during the year compared to 5.4% in 2016.

Fourth quarter like-for-like sales growth was 5.6% (4.5% in constant currency), compared to 6.5% (6.5% in constant currency) in the year-ago period. Full year like-for-like sales growth was 4.8% (4.4% in constant currency) compared to 3.9% (4.3% in constant currency) in 2016.

Hudson Group, one of the largest travel retailers in North America, is committed to enhancing the travel experience for over 300,000 travelers every day in the continental United States and Canada. The company is anchored by its iconic Hudson, Hudson News and Hudson Bookseller brands and operates nearly 1,000 duty-paid and duty-free stores in 88 locations, including airports, commuter terminals, hotels and some of the most visited landmarks and tourist destinations in the world. For more information, visit www.hudsongroup.com and www.dufry.com