Over the past two years, the Avolta Treasury Team has achieved extraordinary success. Following the combination with Autogrill, Avolta has consistently achieved solid financial performance, strengthened its balance sheet and demonstrated considerable resilience. The company received multiple credit rating upgrades from both S&P and Moody's, resulting in a credit profile that now surpasses pre-Covid levels. Additionaly, Avolta enhanced its financial flexibility through a series of successful refinancing initiatives.

The strategic combination of Dufry and Autogrill was swiftly and seamlessly completed from a Treasury perspective, with more than 50% of global cash positions promptly integrated into the centralized global cash pool. Avolta's Global Treasury Team has set new standards of execution and results-oriented performance.

With foresight and excellent execution, the Avolta Treasury Team continues to set new benchmarks time after time.