Newrest entered the Croatian market in 2006 through a joint venture with the Airport of Dubrovnik. At this time, the company began with Inflight catering and over the years has expanded to add Retail and Staff Canteen catering to its activities portfolio.
The In-flight catering renders services mainly to the domestic carrier Croatia Airlines, but also caters for VIP/private jet flights and charter flights of several world-wide airlines. The VIP sector is the fastest growing with more than 400% growth in the past 5 years and currently represents 25% of inflight activity revenues in Newrest Croatia.
In addition to the 10-year Retail concession from 2010, in 2017 Newrest Dubrovnik won a tender for a 7-year retail activities concession in the newly built Terminal C and thus has added 4 new points of sales to the 4 existing making it 8 points of sales and 1 hot kitchen.
Thanks to winning a new tender for a 2-year contract for catering services for a major construction company, the Staff feeding activity currently serves 350 meals per day to the employees of Dubrovnik Airport and several firms based in the surrounding areas.
The company grew steadily and within the past 5 years has increased its revenues by 70% as well as doubled its PBIT.
On August 1st, 2017, the subsidiary opened a new production facility in Liberia, in the Guanacaste region. This unit is located less than 10 minutes from the Daniel Oduber International Airport. This new construction will increase services not only at the airport, but also for the local Catering market. In the Inflight business, Air France and Edelweiss started operations in October 2016 and March 2017 respectively. The subsidiary also obtained the KLM launch contract in October 2017.
In addition to the B&I market, Newrest in Costa Rica has obtained two contracts: the British College of San José and the Clorox company.
Finally, three contracts were concluded with three public hospitals, the Alajuela Hospital and the Hospital for Patients with Terminal Illness for patient service and the Children Hospital for service to its partners.
Newrest Costa Rica objective in 2017-18 is to continue this balanced growth between its various activities.
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Production unit : Dubrovnik
Meals per day