EANS-Adhoc: gategroup Retains Catering Business At Key United Hubs
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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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Contracts
17.10.2012
ZURICH, Oct. 17, 2012 -- gategroup today announced contracts totaling more than
CHF 430 million in revenue over the three-year life of the agreements with
United Airlines, the world's largest carrier by traffic. This award was part of
a tender that covered the majority of United's contracts with gategroup brand
Gate Gourmet.
Gate Gourmet renewed more than 90 percent of its contracted revenue on tender.
The contracts include extensions in catering and provisioning service at three
of United's core connecting hubs at Chicago O'Hare, San Francisco and Washington
Dulles, as well as additional volumes in San Francisco and Washington Dulles.
In addition to the three hub locations, Gate Gourmet will continue to provide
services to United in the following spoke cities for which tenders were held:
Columbus, Jacksonville, New Orleans, and San Antonio. The agreements take effect
Jan. 1, 2013, and run through December 2015.
"We are pleased to extend our long-standing relationship with United Airlines as
a strategic partner and look forward to continuing our work with them," said
Andrew Gibson, gategroup CEO.
About gategroup:
gategroup is the leading independent global provider of products, services and
solutions related to a passenger's onboard experience. 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 www.gategroup.com.
SOURCE gategroup
Further inquiry note:
Media, Jean-Luc Ferrazzini, VP Corporate Communications,
jferrazzini@gategroup.com, +41-43-812-9128, or Investors, Dagmara Robinson,
Director Investor Relations, 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