DO & CO AG — Earnings Release 2004

Jun 3, 2004

News Details

Ad-hoc | 3 June 2004 08:50

DO & CO: Business Year 2003/2004

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– DO & CO: Business Year 2003/2004 SALES:+ 3.8 %; EBIT:- 26.9 % SALES INCREASE DESPITE VOLATILE BUSINESS ENVIRONMENT Today, DO & CO AG announces its results for the BY 03/04 (1 April 03 to 31 March 04) in accordance with IFRS. DO & CO recorded total sales of EUR 98.15 million, which is an increase in sales of 3.8% (PY: EUR 94.59 million). The EBIT after goodwill amortization totalled EUR 2.61 million, this represents a decrease of 26.9% or EUR 0.96 million. DO & CO showed an EBIT margin of 2.7% (PY: 3.8%). The EBITDA decreased by EUR 1.89 million, thus the EBITDA margin declined from 10.6% in the previous year to 8.3% in BY 03/04. AIRLINE CATERING – achieved an improvement in sales of EUR 5.95 million or 13.5% to EUR 49.89 million (PY: EUR 43.94 million). The EBIT remained stable at EUR 0.48 million (PY: EUR 0.54 million). EBITDA slightly declined from EUR 3.80 million to EUR 3.70 million, which resulted in an EBITDA margin of 7.4% (PY: 8.6%). Accordingly, the EBIT margin came down from 1.2% to 1.0%. INTERNATIONAL EVENT CATERING – Sales declined by EUR 2.70 million to EUR 27.28 million (PY: EUR 29.98 million). The EBITDA of EUR 3.05 million was EUR 1.53 million below the PY’s figure of EUR 4.58 million. DO & CO kept the EBITDA margin at the good level of 11.2% (PJ: 15.3%). EBIT showed a reduction of 25.3% to EUR 1.83 million (PY: EUR 2.45 million). The EBIT margin stabilized at 6.7% (PY: 8.2%) RESTAURANTS & BARS – Sales totalled EUR 20.98 million following the PY’s EUR 20.67 million. This represents an increase of EUR 0.31 million. EBIT decreased from EUR 0.58 million to EUR 0.30 million. The EBIT margin halved from 2.8% to 1.4%. EBITDA showed a reduction from EUR 1.68 million to EUR 1.42 million. The EBITDA margin remained stable at the good level of 6.8% (PY: 8.1%). STOCK – The Management Board will propose to the General Meeting of Shareholders that a dividend of EUR 0.50 per share be distributed for the BY 03/04. Ownership structure unchanged: Attila Dogudan Privatstiftung 51.6%, Raiffeisen-Holding Niederösterreich-Wien 25.1%, free float 23.3% For further information: Dr. Franz Kubik 0043 1 74000 0 end of ad-hoc-announcement (c)DGAP 03.06.2004 ——————————————————————————– WKN: 081880; ISIN: AT0000818802; Index: Listed: Amtlicher Handel in Wien 030850 Jun 04