SIREN : 423402312
DUTY FREE ASSOCIATES is a French company founded 26 years ago, specialized in the sector Centrales d'achat non alimentaires. Based in LEVALLOIS-PERRET (92300), this company of category GE shows in 2024 a revenue of 778.0 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-05-09
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 778 040 477 € | 720 751 365 € | 573 280 974 € | 272 805 854 € | 208 537 481 € | 696 359 173 € | 637 206 921 € | 611 404 100 € | 531 671 321 € |
| Net income | -16 465 634 € | -23 237 778 € | -3 624 821 € | -2 396 621 € | -7 727 708 € | 2 034 222 € | 2 780 145 € | 1 313 434 € | -1 757 998 € |
| EBITDA | -62 575 923 € | -56 398 792 € | -43 083 964 € | -34 065 254 € | -35 860 382 € | -42 341 882 € | -40 369 240 € | -38 836 221 € | -39 176 666 € |
| Net margin | -2.1% | -3.2% | -0.6% | -0.9% | -3.7% | 0.3% | 0.4% | 0.2% | -0.3% |
In 2024, DUTY FREE ASSOCIATES achieves revenue of 778.0 M€. Revenue is growing positively over 9 years (CAGR: +4.9%). Vs 2023: +8%. After deducting consumption (670.0 M€), gross margin stands at 108.0 M€, i.e. a rate of 14%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -62.6 M€, representing -8.0% of revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -16.5 M€ (-2.1% of revenue), which will impact equity.
778 040 477 €
108 023 908 €
-62 575 923 €
-13 050 644 €
-16 465 634 €
-8.0%
The debt ratio (= Financial debt / Equity x 100) stands at -0%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches -9%. Low autonomy: the company heavily depends on external financing (banks, suppliers).
-0.326%
-9.034%
-8.192%
-0.001
11.1%
In 2024, the debt ratio of DUTY FREE ASSOCIATES (-0.33) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.
In 2024, the financial autonomy of DUTY FREE ASSOCIATES (-9.0%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.
In 2024, the repayment capacity of DUTY FREE ASSOCIATES (-0.00) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.
The liquidity ratio (= Current assets / Current liabilities) stands at 92.63. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.
92.633
-6.906
In 2024, the liquidity ratio of DUTY FREE ASSOCIATES (92.63) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.
In 2024, the interest coverage of DUTY FREE ASSOCIATES (-6.9x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 41 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 77 days. Excellent situation: suppliers finance 36 days of the operating cycle (retail model). Inventory turnover is 41 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 74 days of revenue, i.e. 161.0 M€ to permanently finance. Over 2016-2024, WCR increased by +49%, requiring additional financing.
160 999 916 €
41 j
77 j
41 j
74 j
Based on 85 transactions of similar company sales
(all years),
the value of DUTY FREE ASSOCIATES is estimated at
251 356 235 €
(range 139 997 295€ - 597 289 400€).
The price/revenue ratio is 0.32x
(conservative valuation).
This multiples method compares the actual sale price of similar companies to their financial indicators (Revenue, EBITDA, Net Income). It provides a market-based indicative estimate.
Medium reliability: estimate to be confirmed with in-depth analysis.
Only this financial indicator is available for this company.
This estimate is based on the analysis of 85 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare DUTY FREE ASSOCIATES with other companies in the same sector:
Voir toutes les statistiques du secteur Centrales d'achat non alimentaires
The revenue of DUTY FREE ASSOCIATES in 2024 is 778.0 M€.
DUTY FREE ASSOCIATES recorded a net loss in 2024.
The headquarters of DUTY FREE ASSOCIATES is located in LEVALLOIS-PERRET (92300), in the department Hauts-de-Seine.
The tax return of DUTY FREE ASSOCIATES is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).
DUTY FREE ASSOCIATES operates in the sector Centrales d'achat non alimentaires (NAF code 46.19A). See the 'Sector positioning' section above to compare the company with its competitors.