Avolta AG

AVOL: XSWX (CHE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CHF 34.00	Vdvkwmh	Yfxzqkxn

Avolta: Continued Solid Revenue Trends Across Region as Shares Remain Undervalued

Jelena Sokolova

May 16, 2024

We are maintaining our fair value estimate for narrow-moat Avolta as the company reported solid revenue development in the first quarter. Core turnover, which excludes fuel sales from the motorway business acquired with Autogrill, was up 8.6% organically (8.9% on a like-for-like basis), signaling continuing consumer appeal for travel.

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