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World Duty Free Sees Stronger 2014 Profit

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Duty-free retailer World Duty Free on Friday said it expected full year EBITDA earnings to hit EUR€255 million - EUR€265 million (USD$341.67 million - USD$355.07 million).

The company, which was spun off from highway restaurants operator Autogrill in October 2013, said second-quarter EBITDA stood at EUR€71 million, slightly higher than a year ago.

Revenues in the period rose 15.9 percent to EUR€608.5 million.

(Reuters)