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    Mestari Jaafar

    Research Analyst at BNP Paribas Exane

    Jaafar Mestari is an Equity Research Analyst at Exane BNP Paribas, where he primarily covers a range of European industrial and general sector companies. His coverage spans 11 stocks with a focus on delivering actionable insights, and he maintains a 71.43% success rate across his recommendations as reflected by performance tracking platforms. Prior to joining Exane BNP Paribas, Mestari developed his analytical expertise in finance, contributing to teams focused on cross-sector equities research. He holds professional industry credentials aligning with regulatory requirements for equity analysts at major financial institutions.

    Mestari Jaafar's questions to Dufry AG/ADR (DUFRY) leadership

    Mestari Jaafar's questions to Dufry AG/ADR (DUFRY) leadership • Q4 2021

    Question

    Mestari Jaafar from BNP Paribas Exane sought to understand the framework behind the 2022 turnover scenarios, questioning how the company arrived at a -35% to -40% range versus 2019 and what factors were included in the additional deterioration beyond consensus and known impacts.

    Answer

    CEO Julian Gonzalez clarified that the figures are not formal guidance but scenarios designed to show cash flow sensitivity. He explained the range was chosen cautiously to reflect the combined uncertainty from the Ukraine crisis and the ongoing pandemic recovery path, rather than being a boundary based on specific inputs like oil prices.

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