DO & CO AG — Earnings Release 2004

Aug 26, 2004

News Details

Ad-hoc | 26 August 2004 08:49

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 SALES INCREASE:+ 79.8 % to EUR 39.59 million EBIT INCREASE:+ 34.2 %to EUR 510,000 Strong growth in foreign sales – in International Event Catering as well as international Airline Catering Today, DO & CO AG announces its results for the first quarter 04/05 (April to June 2004) in accordance with IFRS. DO & CO generated sales of EUR 39.59 million, a figure 79.8% higher than the figure of the previous year (EUR 22.02 million). An analysis of the individual divisions reveals strong sales growth in Airline Catering with a rise of 52.9% (EUR 5.45 million) to EUR 15.76 million (previous year: EUR 10.31 million). This increase is attributable largely to the opening of the business location at London Heathrow as well as the acquisition of new customers and better utilization of capacity with existing customers. In International Event Catering, sales grew by EUR 11.29 million (+160.1%) to EUR 18.34 million (previous year: EUR 7.05 million). This increase is primarily due to the VIP hospitality management at the EURO 2004. Restaurants & Bars also recorded a sales growth of EUR 0.83 million (+17.8%) to EUR 5.49 million (previous year: EUR 4.66 million). The consolidated EBIT for the DO & CO Group after goodwill amortization in the first quarter of 04/05 rose by 34.2%, from EUR 0.38 million to EUR 0.51 million. EBITDA amounted to EUR 1.84 million (previous year: EUR 1.55 million), the EBITDA margin to 4.6% (previous year: 7.0%). AIRLINE CATERING – EBITDA increased by EUR 0.14 million, or 20.3%, to EUR 0.83 million (previous year: EUR 0.69 million) while EBIT rose from EUR 0.05 million to EUR 0.11 million. INTERNATIONAL EVENT CATERING – EBITDA rose by EUR 0.12 million, or 19.7%, to EUR 0.73 million (previous year: EUR 0.61 million). EBIT increased by EUR 0.06 million, or 19.4%, to EUR 0.37 million (previous year: EUR 0.31 million). The EBIT margin fell to 2.0% (previous year: 4.4%). RESTAURANTS & BARS – EBITDA increased by EUR 0.03 million to EUR 0.28 million (previous year: EUR 0.25 million) while EBIT rose by EUR 0.01 million to EUR 0.03 million (previous year: EUR 0.02 million). DO & CO STOCK – The shareholders’ meeting on 9 July 2004 decided to distribute a dividend of EUR 0.50 per share. For further information: Franz Kubik 0043 1 74000 0 end of ad-hoc-announcement (c)DGAP 26.08.2004 ——————————————————————————– WKN: 081880; ISIN: AT0000818802; Index: Listed: Amtlicher Handel in Wien 260849 Aug 04