Global airline catering services provider gategroup has reported total revenues of CHF4.94bn ($4.89bn) for the fiscal year 2018 (FY2018), compared to CHF4.55bn ($4.50bn) for the same period in 2017.

The catering firm reported operating profit of CHF125.1m ($123.9m), from CHF167.1m ($165.5m) for the same period the previous year.

The company also reported EBITDA of CHF343.9m ($340.5m), compared to EBITDA of CHF300.4m ($297.5m) during the financial year 2017.

gategroup CEO Xavier Rossinyol said: “This outstanding financial performance, combined with strong sales growth and increased profitability and cash flow, is the confirmation of the successful delivery of our Gateway 2020 strategy which was first introduced in 2015 and is based on four pillars: Focus on the core, commercial innovation, geographic expansion and standardisation and efficiency.

"We are changing perceptions of what airline catering can be."

“We remain focused on delivering value by collaborating with our customers to provide passengers with a superior culinary offering based on food trends, quality and freshness.

“This, in combination with delivering innovative products and services that address the needs of today’s discerning passenger, we are changing perceptions of what airline catering can be. As a result, we are delighted to have won a number of new contracts and key renewals in 2018 thanks to the efforts of our excellent commercial teams.”

In addition, the catering company has reported a profit of CHF49.8m ($49.31m), from CHF85.2m ($84.37m) for the same period in the previous year.

The company opened a new, 25,000m² catering facility at Incheon Airport in South Korea, serving 120 Asiana Airlines flights a day. It purchased SCK Sky Catering Kitchen in Germany.