Opérations à grande échelle Newrest Europe

2014 has been a transitional year for Newrest’s Europe Division: one of the high points was winning the SNCF contract involving the large-perimeter TGV network in France. The large-scale operations of this contract began in November 2013.

France is ranked at the top of the Group in terms of turnover, which more than doubled in comparison to last year. This includes not only rail and inflight catering activities, but also Duty Free, logistics and integration of services where major contracts were awarded.

Spain had a stellar year, improving its profits by more than 22% compared to the previous year. This solid performance was essentially based on a sharp rise in business with airline companies, especially Air Europa and our South American companies, as well as the work accomplished in terms of cost management and reduction within a  particularly delicate economical environment.

Despite strong pressure on prices and a local inflight market in full transition, Greece successfully maintained a strong level of profitability, albeit slightly lagging behind last year’s figures. Where Cyprus is concerned, results are exceptional, with a 14.8% rise in profits, despite a country experiencing serious financial difficulty in 2014.

Faced with a highly competitive market and client companies in the process of rethinking their inflight service, the Netherlands and England have successfully maintained their profitability level, despite a noticeable drop in turnover.

The year 2014 was a rather difficult one for Portugal, after losing the TDJ Alfa Pendular rail contract and renewing the low-profit Intercités contract, which does not absorb overhead costs.

Switzerland’s expected results fell short of budget objectives, due to a change in client portfolio, combined with a rise in overall costs. A new organization implemented during the summer, along with an optimized procurement policy and stronger synergy between both activities (inflight and group catering) should help boost profitability for 2015.

In spite of a decrease in passengers, Austria’s rail activity profited from temporary activity that allowed for improved profitability by over 10% compared to the previous year.

For Belgium, 2014 was a good year, bringing in new clients and opening new inflight catering units in Brussels and Charleroi.

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