EANS-Adhoc: gategroup provides historical context for Q1
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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Quarterly Financial Reporting
03.05.2012
2011 performance disclosed as prelude to upcoming release of 2012 Jan-March
financial results
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. Please visit our website at www.gategroup.com.
end of ad-hoc-announcement
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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.
Further inquiry note:
For media: John Bronson, jbronson@gategroup.com, +41-43-812-2048;
For investors/analysts: Dagmara Robinson, drobinson@gategroup.com,
+41-43-812-5496
end of announcement euro adhoc
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issuer: gategroup Holding AG
Balz-Zimmermannstrasse 7
CH-8302 Kloten
phone: +41 43 812 54 96
FAX: +41 43 812 91 19
mail: invest@gategroup.com
WWW: http://www.gategroupmember.com/
sector: Consumer Goods
ISIN: CH0100185955
indexes:
stockmarkets: Hauptsegment: SIX Swiss Exchange
language: English