gategroup announces 2020 full-year results

• Revenues were reduced to CHF 1.55 billion in 2020 (vs. CHF 4.96 billion in 2019) due to the near-global air travel shutdown.
• EBITDA was a loss of CHF 256.7 million in 2020 (vs. a profit of CHF 440.3 million in 2019).
• Cash flow from operating activities was CHF (308.0) million (vs. CHF 188.1 million in 2019).

The audited 2020 Financial Statements and the 2020 Annual Report of gategroup are available here.

Forward-Looking Statements    
This publication contains forward-looking statements and other statements that are not historical facts. The words “believe”, “anticipate”, “plan”, “expect”, “project”, “estimate”, “predict”, “intend”, “target”, “assume”, “may”, “will” “could” and similar expression are intended to identify such forward-looking statements. Such statements are made on the basis of assumptions and expectations that we believe to be reasonable as of the date of this publication but may prove to be erroneous and are subject to a variety of significant uncertainties that could cause actual results to differ materially from those expressed in forward looking statements. Among these factors are changes in overall economic conditions, changes in demand for our products, changes in the demand for, or price of, oil, risk of terrorism, war, geopolitical or other exogenous shocks to the airline sector, risks of increased competition, manufacturing and product development risks, loss of key customers, changes in government regulations, foreign and domestic political and legislative risks, risks associated with foreign operations and foreign currency exchange rates and controls, strikes, embargoes, weather-related risks and other risks and uncertainties. We therefore caution investors and prospective investors against relying on any of these forward-looking statements. We assume no obligation to update forward-looking statements or to update the reasons for which actual results could differ materially from those anticipated in such forward-looking statements, except as required by law.