gategroup provides historical context for Q1 results

Details

Parent Category: Investor relations

Published on Thursday, 03 May 2012 04:37

2011 performance disclosed as prelude
to upcoming release of 2012 Jan-March financial results

Deutsche Version         Version Française

ZURICH, May 3, 2012 – The Board of Directors of gategroup Holding AG announced on March 15 its decision to introduce quarterly financial reporting to facilitate performance tracking of gategroup by shareholders and investors. The report on May 10 will be the first ever for the January-March period since the Company listed on the SIX Swiss Exchange in 2009.

In view of this upcoming May 10 release on performance for the first three months of 2012 gategroup today is disclosing financial results from last year’s first quarter to provide historical context.

The airline industry, gategroup’s largest customer base, is a highly seasonal business, and the first quarter is typically the weakest. This seasonality is reflected in gategroup’s performance as well.

Results for the 2011 January-March period are as follows:

Q1 2011                              In CHF million

Revenue                                  638.4
Segment                                   24.4
Segment EBITDA margin              3.8%
Operating profit                           3.9
Operating profit margin                0.6%
Loss for the period                      (6.2)
Cash flow from operations          (28.6)

About gategroup:
gategroup is the leading independent global provider of onboard services to companies that serve people on the move. gategroup comprises the following brands: deSter, eGate Solutions, Gate Aviation, Gate Gourmet, Gate Retail Onboard, Gate Safe, Harmony, Performa, potmstudios, Pourshins and Supplair.
 
Shares of Zurich-based gategroup are traded on the SIX Swiss Exchange under the symbol GATE.

INVITATION TO ANALYSTS AND INVESTORS

gategroup CFO Thomas Bucher invites analysts and investors to participate in a telephone conference call regarding the 2012 first quarter results.

The presentation can be accessed via webcast and dial-in teleconference at 14:00 CET on Thursday May 10, 2012.

To listen to the live presentation via teleconference, call the dial-in number approximately 15 minutes before the start time. Once dialed in, please follow the instructions given over the phone.

Direct dial-in numbers:

+41(0)91 610 56 00 (Europe)
+44 (0) 203 059 58 62 (UK)
+1 866 291 41 66 (USA - Toll-Free)

To link to the live webcast of the presentation, please go to the “Investor Pack” tab under the “Investor Relations” section of the gategroup web site, www.gategroup.com.

Please note that the Q&A session following the presentation is for analysts and investors only.