DO & CO AG — Earnings Release 2010

Feb 18, 2010

News Details

Ad-hoc | 18 February 2010 09:10

DO & CO Restaurants & Catering AG:

DO & CO Restaurants & Catering AG / Quarter Results

18.02.2010 09:10

Dissemination 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 271.50 million
EBIT: EUR 13.52 million
VERY GOOD RESULTS DEPITE TOUGH MARKET CONDITIONS
LOWER SALES (NO EURO 2008) - IMPROVED MARGINS IN ALL DIVISIONS
DO & CO Restaurants & Catering AG today announced its results for the first
three quarters of business year 2009/2010 (1 April 2009 to 31 December
2009) in accordance with IFRS.
DO & CO achieved total sales of EUR 271.50 million, which represents a
decrease of EUR -46.00 million over the same period of the last year (PY:
EUR 317.49 million). This decrease of sales is due to the EURO 2008 project
in the first quarter of the last business year.
Division Airline Catering recorded sales of EUR 197.74 million (PY: EUR
194.67 million). Sales of the division International Event Catering amounts
to EUR 27.50 million (PY: EUR 73.71 million). Sales of division
Restaurants, Lounges & Hotel amounts to EUR 46.25 million (PY: EUR 49.11
million).
The consolidated EBIT of the DO & CO Group for the first three quarters of
business year 2009/2010 amounts to EUR 13.52 million which represents an
increase of EUR 2.22 million compared to previous year (PY: EUR 11.30
million). EBITDA increased from EUR 24.24 million by EUR 1.84 million to
EUR 26.08 million. EBIT margin rose from 3.6 % to 5.0 % and EBITDA margin
rose from 7.6% to 9.6%. The net result amounts to EUR 7.38 million (PY: EUR
5.61 million).
AIRLINE CATERING - EBITDA of division Airline Catering rose by EUR 4.62
million from EUR 15.14 million to EUR 19.75 million. EBITDA margin amounts
to 10.0 % (PY: 7.8 %). EBIT grew from EUR 4.95 million to EUR 9.36 million
for an EBIT margin of 4.7 % (PY: 2.5 %).
INTERNATIONAL EVENT CATERING - EBITDA amounts to EUR 2.87 million in the
first three quarters of 2009/2010 (PY: EUR 5.45 million). EBIT decreased
from EUR 4.47 million to EUR 2.22 million. EBITDA margin amounts to 10.5 %
(PY: 7.4 %), EBIT margin amounts to 8.1 % (PY: 6.1 %).
RESTAURANTS, LOUNGES & HOTEL - EBITDA of division Restaurants, Lounges &
Hotel decreased slightly from EUR 3.65 million to EUR 3.45 million in the
ongoing business year. EBITDA margin amounts 7.5 % (PY: 7.4 %). EBIT
remains on previous year level of EUR 1.94 million (PY: EUR 1.87 million).
EBIT margin amounts 4.2 % (PY: 3.8 %).
STOCK- The DO & CO stock recorded an increase of 23.5 % in the period from
1 April to 31 December 2009, closing on 31 December 2009 at a price of EUR
10.0. The price corresponds to market capitalization of EUR 76.74 (taking
into account the shares bought back as of the reporting date).
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.

18.02.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: 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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