Loading
18-Mar-2011 1:16 PM

gategroup revenue down 0.5% in 2010

Switzerland’s gategroup revenue down 0.5% - financial highlights for the 12 months ended 31-Dec-2010:

  • Revenue: EUR2126 million, -0.5% year-on-year;
  • EBITDA: EUR170.7 million, +14.9%;
  • Profit before tax: EUR52.0 million, +12.6%;
  • Net profit: EUR39.9 million, +35.6%;
  • Cash and cash equivalents: EUR362.2 million, +209.6%;
  • Net debt: EUR113.7 million, -298.1%. [more]

*Based on the conversion rate at EUR1 = CHF1.26971

gategroup: “We remain cautiously optimistic. We expect the US economy to continue moderate growth; for Europe to exit the recession; and for robust growth to continue in the Asia-Pacific region,” Guy Dubois, CEO. Source: gategrop, 17-Mar-2011.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More