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.