Alexandros Apostolidis's questions to Dufry AG/ADR (DUFRY) leadership • Q4 2021
Question
Alexandros Apostolidis of Barings inquired about wage inflation trends in Europe, following up on the comments about North America, and asked about the level of inflation being seen in the cost of goods sold.
Answer
CFO Yves Gerster acknowledged labor cost increases in several countries but noted the impact is often mitigated by currency effects. For cost of goods sold, he stated that while suppliers have requested increases, these have been assimilated via pricing strategy, and the gross profit margin has not been materially impacted and is not expected to be in 2022.