DO & CO AG — Earnings Release 2011

Nov 17, 2011

News Details

Ad-hoc | 17 November 2011 09:19

DO & CO Restaurants & Catering AG:

DO & CO Restaurants & Catering AG / Key word(s): Half Year Results

17.11.2011 09:19

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Results for the first six months of the financial year 2011/2012

SALES: EUR 244.5 million
EBITDA: EUR 27.0 million
EBIT: EUR 18.9 million

DO & CO continues to grow, in spite of a difficult market
Sales and earnings boosted
Quality strategy prevails

Vienna, November 17, 2011. DO & CO Restaurants & Catering AG today
announced its results for the first six months of the financial year
2011/2012 (1 April 2011 to 30 September 2011) in accordance with IFRS.

Group HY1 2011/12in HY1 2010/11in Changein Mio Change
Mio EUR Mio EUR EUR in%
Sales 244.5 222.7 21.8 9.8%
EBITDA 27.0 23.9 3.1 12.8%
Depreciation/ -8.1 -8.7 0.6 6.9%
amortization
EBIT 18.9 15.2 3.7 24.1%
EBITDA margin 11.0% 10.7%
EBIT margin 7.7% 6.8%

In the first six months of the financial year 2011/2012, DO & CO reports
total sales of EUR 244.5 million, which represents an increase of EUR 21.8
million or 9.8% compared with the first six months of the previous year
(PY: EUR 222.7 million). The consolidated EBIT of the DO & CO Group for the
first six months of the financial year 2011/2012 amounts to EUR 18.9
million which represents an increase of EUR 3.7 million compared to the
previous year (PY: EUR 15.2 million). EBITDA increased from EUR 23.9
million by EUR 3.1 million to EUR 27.0 million. EBIT margin rose from 6.8%
to 7.7% and EBITDA margin rose from 10.7% to 11.0%.

Airline Catering

Airline Catering HY1 2011/12in HY1 2010/11in Changein Mio Change
Mio EUR Mio EUR EUR in%
Sales 182.8 170.6 12.3 7.2%
EBITDA 21.2 19.2 2.0 10.4%
Depreciation/ -7.2 -7.3 0.1 1.7%
amortization
EBIT 14.0 11.9 2.1 17.9%
EBITDA margin 11.6% 11.3%
EBIT margin 7.7% 7.0%

Sales of the Airline Catering division amount to EUR 182.8 million (PY: EUR
170.6 million). EBITDA increased by EUR 2.0 million from EUR 19.2 million
for the first six months of the financial year 2010/2011 to EUR 21.2
million for the first six months of the financial year 2011/2012. EBITDA
margin amounts to 11.6% (PY: 11.3%). EBIT increased from EUR 11.9 million
to EUR 14.0 million for an EBIT margin of 7.7% (PY: 7.0%).

International Event Catering

International HY1 2011/12in HY1 2010/11in Changein Change
Event Catering Mio EUR Mio EUR Mio EUR in%
Sales 28.5 22.6 6.0 26.4%
EBITDA 3.1 2.4 0.7 28.4%
Depreciation/ -0.4 -0.5 0.1 27.3%
amortization
EBIT 2.8 1.9 0.8 43.1%
EBITDA margin 10.9% 10.8%
EBIT margin 9.7% 8.5%

Sales of the International Event Catering division amount to EUR 28.5
million (PY: EUR 22.6 million). EBITDA increased from EUR 2.4 million to
EUR 3.1 million in the first six months of the financial year 2011/2012.
EBIT amounts to EUR 2.8 million (PY: EUR 1.9 million). EBITDA margin
amounts to 10.9% (PY: 10.8%), EBIT margin amounts to 9.7% (PY: 8.5%).

Restaurants, Lounges & Hotel

Restaurants, HY1 2011/12in HY1 2010/11in Changein Change
Lounges & Hotel Mio EUR Mio EUR Mio EUR in%
Sales 33.1 29.6 3.6 12.0%
EBITDA 2.7 2.3 0.4 16.2%
Depreciation/ -0.5 -0.9 0.3 39.1%
amortization
EBIT 2.1 1.4 0.7 49.7%
EBITDA margin 8.0% 7.8%
EBIT margin 6.5% 4.8%

Sales of the Restaurants, Lounges & Hotel division amount to EUR 33.1
million (PY: EUR 29.6 million). EBITDA amounts to EUR 2.7 million (PY: EUR
2.3 million) in the first six months of the financial year 2011/2012.
EBITDA margin amounts to 8.0% (PY: 7.8%). EBIT increased from EUR 1.4
million to EUR 2.1 million in the first six months of the financial year
2011/2012. EBIT margin amounts to 6.5% (PY: 4.8%).

Stock

In the first six months of the financial year 2011/2012, the price of DO &
CO stock rose by 10.3% on the Vienna Stock Exchange, trading at a price of
EUR 27.04 at the closure of 30 September 2011. Compared to this, the
Austrian ATX index lost 32.4% over the same period, closing at 1,947.85
points on 30 September 2011.

At the Istanbul Stock Exchange, DO & CO stock achieved a slight rise of
3.9% over the same period, closing with a price of TRY 67.00 at the ISE100
on 30 September 2011. With this increase, the DO & CO stock grew at a
markedly better rate than the Turkish ISE100 index which fell by 7.3% to
59,693.47 points in the same period.

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.

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Language: English
Company: DO & CO Restaurants & Catering AG
Stephansplatz 12
1010 Wien
Austria
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; Wien (Amtlicher
Handel / Official Market)

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