DO & CO AG — Earnings Release 2009

Feb 19, 2009

News Details

Ad-hoc | 19 February 2009 09:28

DO & CO Restaurants & Catering AG:

DO & CO Restaurants & Catering AG / Quarter 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: EUR EUR 317.49 million
EBIT: EUR 11.30 million
SALES INCREASED - RESULTS RETAINED ON PREVIOUS YEAR'S LEVEL
DO & CO Restaurants & Catering AG today announced its results for the first
three quarters of business year 2008/2009 (1 April 2008 to 31 December
2008) in accordance with IFRS. DO & CO achieved total sales of EUR 317.49
million, which represents an increase of EUR 41.33 million over the same
period last year. Sales of Airline Catering division remained on previous
year level of EUR 194.67 million. Sales of the division International Event
Catering rose from EUR 36.60 million to EUR 73.71 million. Division
Restaurants, Lounges & Hotel reports sales of EUR 49.11 million compared to
EUR 44.74 million in the first three quarters of the last business year.
The consolidated operating profit (EBIT) of the DO & CO Group for the first
three quarters of business year 2008/2009 amounts to EUR 11.30 million.
EBIT margin decreased to 3.6 % (PY: 4.4 %). EBITDA increased to EUR 24.24
million for an EBITDA margin of 7.6 % (PY: 8.6 %). After adjustments for
transitory sales of the EURO 2008 project an EBITDA margin of 8.2 % and an
EBIT margin of 3.8 % can be reported.
AIRLINE CATERING - The EBITDA of division Airline Catering amounts EUR
15.13 million (PY: EUR 16.41 million) This represents an EBITDA margin of
7.8 %(PY: 8.4%). EBIT amounts to EUR 4.95 million compared to EUR 7.50
million in the previous year, for an EBIT margin of 2.5 % (PY: 3.9%).
INTERNATIONAL EVENT CATERING - Division International Event Catering
reports an EBITDA of EUR 5.45 million against EUR 4.11 million in the same
period of the previous year with an EBITDA margin of 7.4 % (PY: 11.2 %).
The EBIT amounts to EUR 4.47 million (PY: EUR 3.01 million), the EBIT
margin lies at 6.1 % (PY: 8.2 %). After adjustments for transitory sales
within the EURO 2008 project Division International Event Catering shows an
EBIT margin of 8.5 %.
RESTAURANTS, LOUNGES & HOTEL - EBITDA of division Restaurants, Lounges &
Hotel improved from EUR 3.30 million in the first three quarters of
2007/2008 to EUR 3.65 million in the ongoing business year. EBITDA margin
amounts to 7.4 % (PY: 7.4 %). EBIT increased by EUR 0.11 million to EUR
1.87 million which results in an EBIT margin of 3.8 % compared to 3.9 % in
the first three quarters of 2007/2008.
Due to worldwide financial crisis the ATX (Austria Traded Index) dropped by
53.5 % down to 1.751 points on 31 December 2008 compared 3.766 points on 31
March 2008. DO & CO stock price decreased by 32.8 % in the same period and
closed at EUR 11.15 as per 31 December 2008.

According to the stock act 87 the interim report is available for the
public at the company's headquarter, A-1110 Vienna, Dampfmühlgasse 5, as
well as on the website www.doco.com.
19.02.2009 Financial News transmitted by DGAP

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Language: English
Issuer: DO & CO Restaurants & Catering AG
Stephansplatz 12
1010 Wien
Österreich
Phone: +43 1 74000-0
Fax: +43 1 74000-1029
E-mail: organization@doco.com
Internet: www.doco.com
ISIN: AT0000818802
WKN: 81880
Listed: Freiverkehr in Berlin, München, Stuttgart; Foreign
Exchange(s) Wien

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