ITALY. Publicly listed specialist luggage protection services and travel accessories company TraWell Co. Group has laid down its goals for a significant expansion of its airport business. The plans were revealed in a letter to shareholders from TraWell Founder & Chairman Rudolph Gentile.
The TraWell 2027 Plan lays down four pillars which place the company’s shareholders at the centre of the company’s planning and operations.
These include securing airport contract renewals; refurbishment of strategic points of sale; increasing focus on digital services through the sostravel.com app (in which TraWell is a participating company); and a new commitment to investor relations and more constant and incisive communication to the markets.
The latter pillar is aimed at improving liquidity and the adherence of TraWell’s share price to the value of the company, Gentile noted.
Concluding his shareholder letter, Gentile said: “While it is up to the market to express the correct evaluation of the company, the management and I personally will increasingly care about the financial return for the shareholders, responding to the challenges of the airport retail services market with passion and results.”
The company’s ambitions have been bolstered by a series of recent new business wins, including service contracts at Rome Fiumicino, Toulouse, Athens, and most recently, as reported, Milan Malpensa and Milan Linate airports.
Last month, TraWell revealed strong financial results for the six months ending 30 June, which included a net profit of €2 million.
