DO & CO AG — Earnings Release 2004

Nov 18, 2004

News Details

Ad-hoc | 18 November 2004 08:55

DO & CO Restaurants & Catering AG

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– DO & CO Restaurants & Catering AG INCREASE IN SALES: +58.5% to EUR 80.47 million EBIT INCREASE: +13.7% to EUR 3.40 million SUCCESSFUL INTERNATIONALIZATION IN THE PREMIUM SEGMENT Portugal -EURO 2004 – European Soccer Championships in Portugal London -230 BRITISH AIRWAYS flights every day Frankfurt -Gourmet partner to the new LUFTHANSA First Class Lounges Vienna -new PLATINUM special event center in the Uniqa Tower DO & CO recorded sales of EUR 80.47 million in the first half year (April to September 2004). This represents an impressive increase of 58.5% against last year’s figure (EUR 50.77 million). A review of the individual divisions shows a sales increase in the Airline Catering division by 39.2% (EUR 9.66 million) to EUR 34.32 million (previous year: EUR 24.66 million). This is attributable to the new business location opened at London Heathrow and new carriers added to the clientele. International Event Catering also achieved sales growth, pushing sales up by EUR 18.84 million (+114.3%) to EUR 35.32 million (previous year: EUR 16.48 million), mainly due to the overall VIP hospitality management at the EURO 2004. At Restaurants & Bars, sales rose by EUR 1.20 million (+12.5%) to EUR 10.83 million (previous year: EUR 9.63 million), due to the inclusion of the new business locations at the Albertina and the PLATINUM. The consolidated EBIT of the DO & CO group after goodwill amortization increased in the first half year of 04/05 by 13.7 %, rising from EUR 2.99 million to EUR 3.40 million. EBITDA totaled EUR 6.17 million (previous year: EUR 5.38 million).The EBITDA margin amounted to 7.7% (previous year: 10.6%). AIRLINE CATERING – EBITDA rose by EUR 0.34 million (12.3%) to EUR 3.10 million (previous year: EUR 2.76 million), EBIT from EUR 1.46 million to EUR 1.62 million. INTERNATIONAL EVENT CATERING -EBITDA rose by EUR 0.38 million, or 18.0%, to EUR 2.49 million (previous year: EUR 2.11 million). EBIT grew by EUR 0.23 million, or 15.3%, to EUR 1.73 million (previous year: EUR 1.50 million), the EBIT margin declined to 4.9% (previous year: 9.1%). RESTAURANTS & BARS – EBITDA edged up EUR 0.07 million to EUR 0.58 million (previous year: EUR 0.51 million). EBIT rose by EUR 0.02 million to EUR 0.05 million (previous year: 0.03 million). DO & CO STOCK – The price of DO & CO shares rose by 1.1% from 1 January to 11 November 2004. For further information: Franz Kubik 0043 1 74000 0 end of ad-hoc-announcement (c)DGAP 18.11.2004 ——————————————————————————– WKN: 081880; ISIN: AT0000818802; Index: Listed: Amtlicher Handel in Wien 180855 Nov 04