SWITZERLAND. Global travel retail and food & beverage powerhouse Avolta has completed a share buyback programme initiated last January, which aimed at repurchasing up to CHF200 million (US$251 million) in company stock.
Between 27 January and 31 December, the company repurchased 4,169,864 of its shares for a total purchase value of around CHF171.5 million (US$216 million), at an average purchase price of CHF41.02 (US$51.67 at current rates). Avolta will cancel the shares that it has bought back in Q1 2026.
To reach the original maximum amount of CHF200 million, Avolta will also cancel 691,478 treasury shares acquired before 2025. In total, Avolta will cancel 4,861,342 shares, representing around 3.32% of the currently registered share capital.
Announcing the programme last January, Avolta CEO Xavier Rossinyol said: “This share buyback programme reflects Avolta’s strong balance sheet, financial performance and confidence in its future cash generation.” ✈
