DO & CO AG — Earnings Release 2006

Nov 16, 2006

News Details

Ad-hoc | 16 November 2006 09:04

DO & CO Restaurants & Catering AG: First half year 2006/2007

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— SALES: + 50 % to EUR 105.24 million EBIT INCREASE: + 29 % to EUR 4.90 million WITH PREMIUM QUALITY STRONG INTERNATIONAL GROWTH DO & CO Restaurants & Catering AG announces its results for the first half year of 2006/2007 (1 April 2006 to 30 September 2006) in accordance with IFRS. DO & CO generated sales of EUR 105.24 million, a figure 50.3 % higher than the first half year figure the previous year. Airline Catering saw sales highly increased at EUR 36.43 million following EUR 60.41 million in the previous year. This raise is mainly due to the increase of demand and frequencies of existent customers. International Event Catering sales increased due to boosted requests in national and international event catering by 28.5 % to EUR 24.33 million (previous year: EUR 18.94 million). Restaurants & Bars similarly increased sales from EUR 14.66 million (+39.8 %) to EUR 20.49 million. The consolidated EBIT for the DO & CO Group after goodwill amortization in the first half year of 2006/2007 rose by 28.6 %, from EUR 3.81 million to EUR 4.90 million. EBITDA amounted to EUR 7.43 million (previous year: EUR 6.24 million) for an EBITDA margin of 7.1 % (previous year: 8.9 %). AIRLINE CATERING – EBITDA for Airline Catering increased by EUR 0.79 million or 25.2 % to EUR 3.92 million (previous year: EUR 3.13 million) while EBIT increased from EUR 1.83 million to EUR 2.53 million. INTERNATIONAL EVENT CATERING – EBITDA increased by EUR 0.29 million or 11.9 % from EUR 2.43 million to EUR 2.72 million. EBIT increased by EUR 0.38 million, or 20.2 %, to EUR 2.26 million (previous year: EUR 1.88 million). The EBIT margin decreased from 9.9 % to 9.3 %. RESTAURANTS & BARS – EBITDA increased to EUR 0.79 million (previous year: EUR 0.68 million) while EBIT showed due to increased depreciation a slight raise to EUR 0.11 million (previous year: 0.10 million). STOCK – DO & CO `s share price posted a significant gain of 22.8 % between 1 January and 10 November, 2006. Market capitalization represented at the closing price EUR 57,80 on 10 November 2006 a value of EUR 93,87 million. Further information: www.doco.com/investor.htm (c)DGAP 16.11.2006 ————————————————————————— Language: English Issuer: DO & CO Restaurants & Catering AG Stephansplatz 12 1010 Wien Österreich Phone: +43 1 74000-0 Fax: +43 1 74000-194 E-mail: organization@doco.com WWW: www.doco.com ISIN: AT0000818802 WKN: 81880 Indices: Listed: Amtlicher Markt in Wien End of News DGAP News-Service —————————————————————————