SATS Ltd
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July 1, 2020
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SATS Ltd

Revenue:
SGD 1,828.0 million (2019)
Profit:
SGD 256.2 million (2019)
Employees:
14,306 (2019)
GICS Industry Group:
Headquarters:
Singapore
Founded:
15 December 1972
Current CEO:
Alexander C Hungate (1 Jan 2014–)
Parent:

Description

SATS Ltd is a limited liability company incorporated and domiciled in Singapore. The company acts mainly as an investment holding company for its subsidiaries, which provide airline catering services and gateway services to both airports and cruise terminals. SATS Ltd's other activities include rental of premises and provision of management services to related its subsidiary companies.

SATS' food solutions business comprises airline catering, food distribution and logistics, industrial catering as well as chilled and frozen food manufacturing, besides linen and laundry services. SATS' gateway services include airfreight, baggage, and ramp handling, passenger services, aviation security, cargo, warehousing, perishables handling to cruise handling and terminal management.

SATS is the select in-flight catering service provider at Singapore's Changi International Airport, and has a ground handling and in-flight catering presence in more than 40 airports across Asia. SATS also operate Singapore’s cruise terminal Marina Bay Cruise Centre Singapore, in collaboration with Creuers del Port de Barcelona, a European terminal operator.

The registered office and principal place of business of the company is located at 20 Airport Boulevard, SATS Inflight Catering Centre 1, Singapore 819659.

SATS Ltd is listed on the Singapore Exchange under the code S58.

In Singapore Dollars (SGD)
In Singapore Dollars (SGD)
In Singapore Dollars (SGD)
No items found.

Operating Segments:

Food solutions - The food solutions segment mainly provides inflight and institutional catering, food processing, distribution services and airline laundry services. In the year end March 31, 2019, the food solutions segment accounted for 54.06% (SGD 988.2 million) of total revenue.

Gateway services - The gateway services segment provides both airport and cruise terminal services. Airport terminal services includes airfreight handling services, passenger services, aviation security services, baggage handling services and apron services to airline customers. Cruise terminal services manages and operates Marina Bay Cruise Centre. In the year end March 31, 2019, the gateway service segment accounted for 45.83% (SGD 837.8 million) of total revenue.

Others - The others segment provides rental of premises and other services. In the year end March 31, 2019, the others segment accounted for 0.11% (SGD 2.1 million) of total revenue.

Mergers and Acquisitions:

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