DO & CO AG — Earnings Release 2006

Feb 16, 2006

News Details

Ad-hoc | 16 February 2006 08:53

DO & CO Restaurants & Catering AG: First three quarters 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: – 3.6 % to EUR 104.79 million EBIT INCREASE: + 23.7 % to EUR 2.81 million RESULTS BY 23.7 % IMPROVED DO & CO Restaurants & Catering AG today announced its results for the first three quarters of business year 2005/2006 (1 April 2005 to 31 December 2005) in accordance with IFRS. DO & CO achieved total sales of EUR 104.79 million in this period, which represents a decrease of 3.6 % over the same period last year. The difference in sales can be attributed entirely to the one-off effect of the catering contract for the 2004 European Football Championships last year. This change decreased sales in the International Event Catering division from EUR 41.80 million to EUR 28.03 million, a change of EUR 13.77 million or 32.9 %. In the Airline Catering division, sales were increased to EUR 52.98 million, up by 10.2 % from EUR 48.06 million last year. The Restaurants & Bars division posted sales growth by 26.2 % from EUR 18.85 million to EUR 23.78 million. This gain can above all be attributed to the activities at DO & CO PLATINUM in Vienna and the successful operation of the LUFTHANSA first class lounges at Frankfurt airport. The DO & CO Group saw its consolidated EBIT after goodwill amortization rise by 23.7 % from EUR 2.27 million to EUR 2.81 million in the first three quarters of 2005/2006. EBITDA came in at EUR 7.06 million (previous year: EUR 6.48 million), and the EBITDA margin at 6.7 % (previous year: 6.0 %). AIRLINE CATERING – EBITDA of the Airline Catering division stabilized at EUR 3.07 million (previous year: EUR 2.83 million). EBIT grew from EUR 0.48 million to EUR 0.63 million. INTERNATIONAL EVENT CATERING – EBITDA increased by EUR 0.08 million or 3.0 % to EUR 2.76 million (previous year: EUR 2.68 million). EBIT grew by EUR 0.31 million or 19.3 % to EUR 1.92 million (previous year: EUR 1.61 million). The EBIT margin rose from 3.9 % to 6.8 %. RESTAURANTS & BARS – EBITDA increased by EUR 0.26 million to EUR 1.23 million (previous year: EUR 0.97 million). EBIT increased by EUR 0.08 million to EUR 0.26 million (previous year: EUR 0.18 million) in spite of an increase in amortization. STOCK – DO & CO’s share price posted a significant gain of 30.5 % from 1 January 2005 to 9 February 2006. Further information: www.doco.com/investor.htm (c)DGAP 16.02.2006 ————————————————————————— language: English emitter: 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 indexes: stockmarkets: Amtlicher Markt in Wiener Börse End of News DGAP News-Service —————————————————————————