Operating expenses up by 1.4 per cent


At EUR 2.3bn, total operating expenses were 1.4 per cent higher than in the previous year and so rose by a smaller fraction than revenue.

The cost of materials and services increased by 3.3 per cent to EUR 1.0bn. The cost ratio for materials and services was 44.8 per cent (previous year: 44.3 per cent). Inflation in food prices was behind the higher cost.

In the financial year 2011, LSG Sky Chefs had an average of 29,226 employees, 3.0 per cent more than in the previous year. Recruitment was concentrated in the USA, Switzerland, Brazil and China. Despite the larger workforce, staff costs fell overall by 1.5 per cent to EUR 799m due to exchange rate movements. The staff cost ratio sank as a result by 1.3 percentage points to 34.7 per cent.

Depreciation and amortisation of EUR 58m was roughly on par with the previous year (EUR 59m).

Other operating expenses came to EUR 385m and were thus slightly up on the year (+3.2 per cent).

Operating expenses Catering

 

2011

2010

Change
in %

Cost of materials and services

1,030

997

3.3

Staff costs

799

811

–1.5

Depreciation and amortisation

58

59

–1.7

Other operating expenses

385

373

3.2

Total operating expenses

2,272

2,240

1.4

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