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    Dhar Manjari

    Research Analyst at RBC

    Manjari Dhar is an Equity Analyst at RBC Capital Markets, specializing in European consumer and retail sectors with an emphasis on UK-listed apparel and travel retail companies. She actively covers brands including Superdry and Dufry AG, making high-conviction recommendations such as a Buy rating and 425p price target for Superdry, indicating strong predicted upside in recent analyst reports. Since joining RBC, Dhar has demonstrated expertise in identifying turnaround opportunities and delivering performance-driven calls, with her analysis appearing in market platforms and investor consensus panels. She holds recognized professional credentials for equity research and regularly participates in earnings calls, providing sector insights and fundamental analysis to institutional clients.

    Dhar Manjari's questions to Dufry AG/ADR (DUFRY) leadership

    Dhar Manjari's questions to Dufry AG/ADR (DUFRY) leadership • Q4 2021

    Question

    Dhar Manjari of RBC asked about current trends in spend-per-passenger and conversion rates, and requested an update on any trials or rollouts related to data usage, digitalization, and loyalty schemes for 2022.

    Answer

    CEO Julian Gonzalez responded that spend-per-passenger has been on a growth trend since the pandemic began and continued in 2021. On digitalization, he highlighted the mini-application developed with Alibaba on the Alipay platform, which is linked to their loyalty program, but noted its full potential is yet to be tested due to the low volume of Asian travelers.

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