DO & CO AG — Earnings Release 2006

Jun 14, 2007

News Details

Ad-hoc | 14 June 2007 09:11

DO & CO Restaurants & Catering AG: Result for Business Year 2006/2007

DO & CO Restaurants & Catering AG / Final Results

Release of an Ad hoc announcement, transmitted by DGAP - a company of
EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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SALES: + 45.1 % to EUR 206.33 million
EBIT INCREASE: + 46.2 % to EUR 6.14 million
QUALITY AND PREMIUM BRAND STRATEGY AS MOTOR FOR GROWTH

DO & CO Restaurants & Catering AG today announced its results for business
year 2006/2007 (1 April 2006 to 31 March 2007) in accordance with IFRS. DO
& CO achieved total sales of EUR 206.33 million in this period, which
represents an increase of 45.1 % over the same period last year. Airline
Catering increased its sales for the period by a robust 65.1 %, from EUR
74.79 million last year to EUR 123.48 million. Thanks to rising demand,
International Event Catering reported encouraging growth of 9.6 % for total
sales of EUR 39.04 million (previous year: EUR 35.60 million). Restaurants,
Lounges & Hotel increased sales by 37.8 %, from EUR 31.79 million to EUR
43.82 million.
The consolidated EBIT for the DO & CO Group after goodwill amortization in
fiscal 2006/2007 rose by 46.2 %, from EUR 4.20 million to EUR 6.14 million.
EBITDA amounted to EUR 13.49 million (previous year: EUR 11.06 million) for
an EBITDA margin of 6.5 % (previous year: 7.8 %).
AIRLINE CATERING – EBITDA and EBIT were both substantially higher than last
year. EBITDA totaled EUR 7.18 million, a rise of EUR 2.10 million against
the previous year. EBIT increased by EUR 1.19 million to EUR 2.59 million.
That corresponds to growth of 117.6 %. The EBIT margin in Airline Catering
thus rose from 1.6 % in 2005/2006 to 2.1 % in 2006/2007.
INTERNATIONAL EVENT CATERING – EBITDA for International Event Catering
increased to EUR 3.83 million (previous year: EUR 3.69 million) and EBIT by
10.0 % to EUR 2.63 million (previous year: EUR 2.39 million). That
translates into an EBIT margin of 6.7 % (previous year: 6.7 %).
RESTAURANTS, LOUNGES & HOTEL – It should be noted that both EBITDA and EBIT
were increased despite the opening of new establishments and the start-up
and project costs involved. EBITDA rose from EUR 2.29 million in the
previous year to EUR 2.48 million in the year under review. EBIT improved
by EUR 0.62 million to EUR 0.92 million
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 2006/2007.
Further information: www.doco.com/investor.htm

DGAP 14.06.2007

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

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