Key Developments: Gategroup Holding AG (GATE.S)

GATE.S on Swiss Exchange

27.35CHF
19 Dec 2014
Price Change (% chg)

CHF-0.30 (-1.08%)
Prev Close
CHF27.65
Open
CHF27.80
Day's High
CHF28.00
Day's Low
CHF27.35
Volume
282,753
Avg. Vol
133,283
52-wk High
CHF30.20
52-wk Low
CHF17.90

Search Stocks

Latest Key Developments (Source: Significant Developments)

gategroup Holding appoints Christoph Schmitz as new CFO
Tuesday, 25 Nov 2014 12:45am EST 

gategroup Holding AG:Says Board of Directors has appointed Christoph Schmitz as new Chief Financial Officer (CFO) and member of Executive Management Board.Says Schmitz will take up his new position with Gategroup on Jan. 19, 2015, succeeding Thomas Bucher.  Full Article

gategroup Holding AG reconfirms FY 2014 outlook and confirms mid-term outlook
Thursday, 13 Nov 2014 12:45am EST 

gategroup Holding AG:Full FY 2014 outlook confirmed with EBITDA margin of 5.6 pct to 6.2 pct.Sees FY 2014 revenues to be flat reflecting expected currency movements and portfolio adjustments.Expects forward organic growth of 3-4 pct on constant currency basis in FY.Confirms its mid-term plan objectives of EBITDA range of 7.5 pct to 8.5 pct by 2017.FY 2013 reported revenues 3,002 million Swiss francs.FY 2014 revenue estimate 2,979 million Swiss francs - Thomson Reuters I/B/E/S.  Full Article

gategroup Holding says CFO Thomas Bucher to step down
Tuesday, 16 Sep 2014 08:00pm EDT 

gategroup Holding AG:Says Chief Financial Officer Thomas Bucher to step down.Says change effective Dec. 31.Says announcement on CFO's succession will be made in due course.  Full Article

gategroup Holding AG confirms FY 2014 outlook
Thursday, 21 Aug 2014 12:45am EDT 

gategroup Holding AG:Confirms the FY 2014 outlook.Expects for FY 2014 flat revenue development and an EBITDA margin between 5.6 pct and 6.2 pct.Says has mid-term plan objectives of an EBITDA margin of 7.0 pct to 8.0 pct by 201 6 and an EBITDA range of 7.5 pct to 8.5 pct by 2017.FY 2014 revenues at 2,975 million Swiss francs (2013: 3,002 million Swiss francs)-Thomson Reuters I/B/E/S.  Full Article

gategroup Holding AG extends agreement with Virgin Australia until 2019
Monday, 30 Jun 2014 12:30pm EDT 

gategroup Holding AG:Extends ongoing contract with Virgin Australia for all domestic and short-haul international flights.Existing agreement, which was set to expire in 2017, has been extended by two years to 2019.Under agreement, gategroup subsidiary Gate Gourmet will provide food assembly, flight assembly and handling services for all domestic and short-haul international flights departing from the locations in Australia where Gate Gourmet has presence.Total value of contract for four years until 2019 is about 300 mln Swiss franc.On an annual basis, Gate Gourmet provides services for the airline for more than 125,000 flights.  Full Article

gategroup Holding AG confirms FY 2014 outlook
Thursday, 15 May 2014 12:45am EDT 

gategroup Holding AG:Confirms the FY 2014 outlook.Expects the global economy to show another year of uneven performance and associated volatility in foreign currency exchange rates.Expects for FY 2014 flat revenue growth and an EBITDA margin between 5.6 pct and 6.2 pct.FY 2014 revenues at 3,015 mln Swiss francs (2013: 3,002 mln Swiss francs)-Thomson Reuters I/B/E/S.  Full Article

gategroup Holding AG issues FY 2014 and midterm FY 2016 outlook and to propose dividend
Thursday, 13 Mar 2014 01:45am EDT 

gategroup Holding AG:To propose dividend of 0.30 Swiss francs per registered dividend paying share.Anticipates flat revenue growth and EBITDA margin between 5.6 pct and 6.2 pct in FY 2014.FY 2013 revenue of 3,002 million Swiss francs.FY 2014 revenue estimate 3,106 million Swiss francs - Thomson Reuters I/B/E/S.Expects to achieve revenues of approximately 3.4 billion Swiss francs in FY 2016 on basis of 2012 exchange rates.Expects to achieve EBITDA margin in range of 7 to 8 pct in FY 2016.FY 2016 revenue estimate 3,242 million Swiss francs - Thomson Reuters I/B/E/S.  Full Article

gategroup Holding AG renews and expands business with Delta Air Lines
Thursday, 16 Jan 2014 12:45am EST 

gategroup Holding AG:Announces that it has renewed and expanded business with long-time customer Delta Air Lines.Says award includes a five-year extension of all catering and provisioning services provided by Gate Gourmet that was due to expire in 2013.Says Gate Gourmet also has expanded its relationship with Delta at three new locations - Dusseldorf, Germany; Manchester, England; and Santiago, Chile.Says Gate Aviation has been awarded combined cabin cleaning and commissary services at certain U.S. locations.Says total value of the award is approximately 125 million Swiss francs per year and remains subject to finalizing the extension and new business agreements consistent with the award.  Full Article

gategroup Holding AG Extends Agreement with Swiss International Air Lines in Switzerland until FY 2019
Monday, 30 Sep 2013 12:45am EDT 

gategroup Holding AG announced that it has extended its long-standing contract with Swiss International Air Lines in Switzerland for food production and handling services. The existing agreement, which was set to expire in fiscal year 2015, has been extended by four years until fiscal year 2019 with an option for prolongation until fiscal year 2020. Under the agreement gategroup subsidiary Gate Gourmet will provide food production and airside handling services for all SWISS flights departing from Zurich, Geneva and Basel. The total value of the contract extension until fiscal year 2019 is approximately CHF 400 million. On an annual basis, Gate Gourmet provides services in Zurich, Geneva and Basel for more than 75,000 flights for the airline.  Full Article

gategroup Holding AG Sells Gate Gourmet Flight Catering Operation at Brussels Airport to LSG Sky Chefs
Thursday, 12 Sep 2013 01:00am EDT 

gategroup Holding AG announced that it has signed an agreement to sell its Gate Gourmet flight catering operation at Brussels airport to LSG Sky Chefs, effective November 1, 2013. gategroup expects to transition the entire operation and workforce over the next six months to the buyer's existing business at Brussels Airport. The financial terms have not been disclosed.  Full Article

BRIEF-Gategroup Holding appoints Christoph Schmitz as new CFO

* Says Board of Directors of Gategroup Holding AG has appointed Christoph Schmitz as new Chief Financial Officer (CFO) and member of Executive Management Board

Search Stocks