14 August 2024
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Global Industry

Gategroup Holding: publishes 2023 Annual Report

Zurich / CH. (ggh) Switzerland’s Gategroup Holding AG published its full-year results and Annual Report for FY-2023, ending 31 December. The report (PDF | 4’617 KB) is available on the Holding’s website.

  • Revenues were increased by 21 percent to CHF 4.7 billion in 2023 (3.9 billion in 2022).
  • Ebitda (Earnings Before Interest, Taxes, Depreciation and Amortization) has increased by 126 percent to a level of CHF 226 million (versus CHF 100 million in 2022).
  • Cash and cash equivalents were at CHF 284 million as per 31 December 2023 compared to CHF 208 million at the end of 2022.
«During 2023, Gategroup successfully executed its transformation from legacy to launchpad,» says Chief Executive Christoph Schmitz. «Over the past year we further improved our operational efficiency, expanded our customer and product portfolio, diligently converted our strategic initiatives and materially improved our financial performance, laying the foundation for accelerated profitable growth.»

(Graphics: Gategroup Holding AG)20240325-GATEGROUP


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