DO & CO AG — Earnings Release 2006

Jun 23, 2006

News Details

Ad-hoc | 23 June 2006 09:26

DO & CO Restaurants & Catering AG: Business Year 2005/2006

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— SALES: + 5.9 % to EUR 142.18 million EBIT INCREASE: + 21.7 % to EUR 4.20 million BEST YEAR IN DO & CO HISTORY DO & CO Restaurants & Catering AG today announced its results for business year 2005/2006 (1 April 2005 to 31 March 2006) in accordance with IFRS. DO & CO achieved total sales of EUR 142.18 million in this period, which represents an increase of 5.9 % over the same period last year. In the Airline Catering division sales grew from EUR 60.97 million to EUR 74.79 million. This increase was achieved by numerous new clients at New York JFK and by the take over of the airline catering division of Stockheim in Germany. In the International Event Catering division sales decreased from EUR 47.26 million to EUR 35.60 million. The difference in sales can be attributed entirely to the one-off effect of the catering contract for the 2004 European Football Championships. The Restaurants & Bars division posted sales growth from EUR 5.76 million (+22.1 %) to EUR 31.79 million. This gain can above all be attributed to the successful operation of the LUFTHANSA first class lounges at Frankfurt airport and the activities at DO & CO PLATINUM in Vienna. The DO & CO Group saw its consolidated EBIT after goodwill amortization rise by 21.7 % from EUR 3.45 million to EUR 4.20 million. EBITDA came in at EUR 11.06 million (previous year: EUR 8.86 million), and the EBITDA margin at 7.8 % (previous year: 6.6 %). AIRLINE CATERING – EBITDA of the Airline Catering division increased from EUR 5.08 million (previous year: EUR 3.98 million). EBIT grew from EUR 0.82 million to EUR 1.19 million. INTERNATIONAL EVENT CATERING – EBITDA increased by EUR 0.32 million or 9.5 % to EUR 3.69 million (previous year: EUR 3.37 million). EBIT grew by EUR 0.22 million or 10.1 % to EUR 2.39 million (previous year: EUR 2.17 million). RESTAURANTS & BARS – EBITDA increased by EUR 0.78 million to EUR 2.29 million (previous year: EUR 1.51 million). EBIT grew from EUR 0.16 million to EUR 0.62 million (previous year: EUR 0.46 million) in spite of an increase in amortization. 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 business year 2005/2006. Further information: www.doco.com/investor.htm (c)DGAP 23.06.2006 ————————————————————————— Language: English Issuer: DO & CO Restaurants & Catering AG Stephansplatz 12 1010 Wien Österreich Phone: +43 1 74000-0 Fax: +43 1 74000-194 email: organization@doco.com WWW: www.doco.com ISIN: AT0000818802 WKN: 81880 indices: Listed: Amtlicher Markt in Wiener Börse End of News DGAP News-Service —————————————————————————