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Last SFr.34.10 CHF
Change Today -0.15 / -0.44%
Volume 61.7K
As of 11:43 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

gategroup holding ag (GATE) Snapshot

Open
SFr.34.10
Previous Close
SFr.34.25
Day High
SFr.34.35
Day Low
SFr.33.50
52 Week High
08/11/15 - SFr.37.75
52 Week Low
10/16/14 - SFr.17.66
Market Cap
913.4M
Average Volume 10 Days
90.4K
EPS TTM
SFr.0.69
Shares Outstanding
26.8M
EX-Date
04/20/15
P/E TM
49.4x
Dividend
SFr.0.45
Dividend Yield
1.32%
Current Stock Chart for GATEGROUP HOLDING AG (GATE)

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gategroup holding ag (GATE) Details

gategroup Holding AG, together with its subsidiaries, engages in the operation of airline catering and provisioning services worldwide. It specializes in catering and hospitality, provisioning and logistics, and onboard products and services to companies that serve people on the move. The company operates through two segments, Airline Solutions, and Product and Supply Chain Solutions. The Airline Solutions segment offers airline catering and provisioning; onboard retail services and technology solutions; airport lounges; and security services for catering and cargo under the Gate Gourmet, Gate Retail Onboard, Gate Aviation, Gate Safe, Performa, and eGate Solutions names. The Product and Supply Chain Solutions segment focuses on the design, procurement, and delivery of physical products under the deSter, Harmony, Supplair, and Pourshins brands. This segment provides services, such as onboard service equipment; amenity kits and comfort items; distributed food and beverage solutions; and supply chain and logistics solutions. The company offers its services to traditional full-service and low-cost carriers; in premium and economy cabins; and for short-haul and long-haul services, as well as for executive aviation, rail, and retail markets. gategroup Holding AG is headquartered in Kloten, Switzerland.

27,800 Employees
Last Reported Date: 05/21/15

gategroup holding ag (GATE) Top Compensated Officers

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Executives, Board Directors

gategroup holding ag (GATE) Key Developments

gategroup Holding AG Announces New Organization Structure; Announces Executive Changes

gategroup Holding AG announced that it has simplified its management structure and the composition of its Executive Management Board. The new management structure is designed for increased accountability regarding profit and cash flow generation through greater focus on customer needs and cost efficiency. Airline Solutions and Network and Product Solutions will be integrated into a regional structure focused on operating excellence and standardization. A new customer organization will focus on delivering innovative offerings tailored to specific customer needs. The reorganization will be implemented with immediate effect. The new organization is based on 4 pillars for increased focus and simplification. First, clear P&L accountability per region, bringing together AS and NPS, integrating the different brands which will be supported by Centres of Excellence to guarantee best sharing practices and standardization. Second, a new global commercial organization will strengthen relationships with customers with a global management, one point of contact. Third, the new global innovation centre created to deliver the most innovative, airline-customized offering tailored to specific passenger needs. Fourth, centralized global functions, like HR and procurement, together with a stronger financial control including IT services to properly control and support the business, increasing efficiencies and cost improvements across the group. Effective June 22, 2015, the new EMB of gategroup will consist of five members. Led by Chief Executive Officer Xavier Rossinyol it will consist of Chief Financial Officer Christoph Schmitz, Herman Anbeek, President Americas and EMEA (Europe, Middle East and Africa), Jann Fisch, President Asia Pacific and David de la Torre, Chief Commercial Officer. These organizational changes are part of gategroup's ongoing strategic and organizational review. Andrew Langdale, President Network and Product Solutions, and Kris Brown, Chief Legal and Administrative Officer, will leave the company.

gategroup Reports Group Earnings Results for the First Quarter Ended March 31, 2015

gategroup reported group earnings results for the first quarter ended March 31, 2015. The company reported revenues for the group in the first quarter 2015 at CHF 669.9 million; this is a 0.6% growth on previous year revenues. The company reported EBITDA of CHF 10.9 million compared to CHF 18 million on prior years, but this result includes some special effects. This was driven by a CHF 8.0 million provisions within the Airline Solutions division related to the labor agreement currently under mediated negotiations in the U.S. and a CHF 1.5 million charge associated with addressing shareholding activism. Excluding these two matters adjusted EBITDA for the period was at CHF 20.4 million, an increase of 13.3% compared to prior year. The company reported a CHF 37.6 million loss in the first three months of the year, compared to a CHF 16.7 million loss for the same period in 2014. The groups cash flow used in operations was CHF 27.3 million for the period compared to a CHF 10.1 million absorption for the same period in 2014. This was largely due to lower EBITDA and a build-up of working capital. Historically, the groups’ revenue experiences some seasonality with the strongest revenue performance in the second and third quarters. Cash flow generation in the first quarter has traditionally been the weakest. Net debt of CHF 255.1 million as of March 31, 2015 was significantly lower than the CHF 300.4 million as of March 31, 2014. Operating loss was CHF 6.4 million against CHF 0.4 million a year ago.

gategroup Holding AG Approves Dividend for the Year 2014; Announces Management Changes

gategroup Holding AG announced that at the annual general meeting held on April 16, 2015, the shareholders approved the management approved the proposed dividend of CHF 0.45 per share. The shareholders also approved the election of David Barger, Gerard van Kesteren, Frederick Reid and Julie Southern as members of the board of directors, each for a term until the end of the next annual general meeting. Neil Brown, Ilona De March, Andrew Gibson and Brian Larcombe were not standing for re-election. Following the annual general meeting the board of directors appointed Julie Southern as chairperson of the compensation committee and Gerard van Kestern as chairperson of the audit committee. Remo Brunschwiler was appointed vice chairman of the board of directors.

 

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GATE

Industry Average

Valuation GATE Industry Range
Price/Earnings 51.2x
Price/Sales 0.3x
Price/Book 3.4x
Price/Cash Flow 12.5x
TEV/Sales 0.2x
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