gategroup Holding AG Lowers FY 2011 Guidance

gategroup Holding AG announced a lower margin outlook and lower-than-anticipated cash flow for fiscal year 2011. For fiscal year 2011, the Company expects an EBITDA margin in the range of 7.4% to 7.7% on full-year actual revenue of between CHF 2.65 million and CHF 2.7 million (about CHF 3.0 billion in fiscal year 2010 constant currencies). Based on the latest industry information, gategroup Holding AG anticipates flat volumes across its portfolio in fiscal year 2012 and no margin improvement. The outlook on fiscal year 2012 Group performance will be further refined as more information becomes available and the accuracy of the industry's assessment is confirmed. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2011 revenue of CHF 2,652.68 million.