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BASEL , October 28 , 2021 NEWS RELEASE Dufry reports acceleration on turnover and strong positive cash flow in Q3 2021 AD HOC ANNOUNCEMENT PURSUANT TO ART . 53 LR Dufry's third quarter 2021 was characterized by a re - bound of travel , predominantly in the Western hemisphere , with turnover at 55.6 % of 2019 levels and reaching CHF 1,349.5 million for Q3 2021. Turnover for the nine - month period 2021 stood at CHF 2,536.8 million , plus 23.6 % organic growth as compared to the same period 2020. The Group reported a strong positive Q3 Equity Free Cash Flow generation , and further upgraded the 2021 scenarios provided to the market . ■ t □ DUFRY FURTHER Q3 HIGHLIGHTS : Performance during Q3 continued to be driven by the US and Central America & Caribbean businesses , and significant progress across EMEA with all regions contributing positively Around 1,850 stores open , representing 84 % of 2019 sales capacity Further progress to align concession fees to the pandemic situation , with minimum annual guarantees ( MAG ) reliefs for 2021 expected to reach CHF 1,059.6 million , including the law amendment in Spain ■ ■ Savings scenarios for 2021 expected to reach up to CHF 1,870 million compared to 2019 , considering reliefs of MAG , personnel and other expenses Equity Free Cash Flow of CHF 253.7 million during Q3 2021 , reaching similar levels as in Q3 2019 Net debt decreased to CHF 3,086 million , reaching same level as in September 2019 , and sufficient liquidity position of CHF 2,347.8 million for driving re - openings and growth acceleration October net sales performance trends at 60.6 % of 2019 levels JULIÁN DÍAZ , CEO of Dufry Group , commented : " The third quarter has trended further upwards and gives us confidence for the ongoing re - openings and growth opportunities beyond . We have seen continued progress in the US and Central America including the Caribbean Islands . The most significant uptake was reported across Europe , Middle East and Africa as vaccination campaigns have been progressing and authorities have started to focus on an alignment of travel protocols and the practicality of measures . For October , we are already trading at a level of 60.6 % of 2019. We have more than 80 % of our shops open – only considering re - opened locations , our trading reaches around 75 % of 2019 already . Looking at the most progressed regions , we are even relatively close to normalization . For example , Central America & the Caribbean trades at 90.4 % , Mediterranean , Eastern Europe and Middle East at 89.1 % of 2019 levels . 1