Dufry South America Ltd Announces 2007 Results

RIO DE JANEIRO, Brazil, April 15 /PRNewswire-FirstCall/ -- Dufry South America Ltd. (DSA) was constituted on September 29, 2006. In order to allow the comparison with the Company's financial statements for year ended December 31, 2007, the Company's financial statements for year ended December 31, 2006, were prepared on a proforma basis. The purpose is to provide historical information of the Company's current subsidiaries, as if they had been under the Company's control since January 2006. The figures were prepared according to the IFRS (International Financial Reporting Standards) on the respective periods' closing dates. The Company's functional currency is the US Dollar.

                                  Highlights

     -- Total Turnover increased by 36% in 2007 to US$ 513.5 million compared
        to US$ 376.6 million in 2006.

     -- Gross Margin amounted to US$ 296.4 million in 2007 compared to
        US$ 210.7 million achieved in the previous year, representing an
        increase of 41%. The respective gross margin of 57.7% was 1.8
        percentage points higher than the 55.9% recorded in 2006.

     -- The Company's EBITDA before other operational results grew by 76%,
        to US$ 102.6 million in 2007 from US$ 58.3 million in 2006.

     -- The EBITDA margin before other operational results came to 20.0%
        in 2007, increasing by 4.5 percentage points relative to 15.5%
        in 2006.

     -- Net Income increased by 95% to US$ 66.3 million in 2007 compared
        to US$ 34 million in 2006.


    Conference Call
    Date: April 15th, 2008

    Time: 11 am Brasilia (10 am US EDT)
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