DO & CO AG — Earnings Release 2011

Aug 18, 2011

News Details

Ad-hoc | 18 August 2011 09:16

DO & CO Restaurants & Catering AG:

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

18.08.2011 09:16

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Results for the first quarter of the financial year 2011/2012 (unaudited)

SALES: EUR 116.9 million
EBITDA: EUR 10.8 million
EBIT: EUR 6.8 million

Sales and earnings further increased
New customers acquired
Quality and innovation as drivers of growth

Vienna, August 18, 2011. DO & CO Restaurants & Catering AG today announced
its results for the first quarter of the financial year 2011/2012 (1 April
2011 to 30 June 2011) in accordance with IFRS.

Group Q1 2011/12in Mio Q1 2010/11in Mio Changein Mio Change in
EUR EUR EUR %
Sales 116.9 102.1 14.8 14.5%
EBITDA 10.8 9.0 1.8 20.0%
Deprecia- -4.0 -4.2 0.2 4.4%
tion
EBIT 6.8 4.8 2.0 41.1%
EBITDA 9.2% 8.8%
margin
EBIT 5.8% 4.7%
margin

In the first quarter of the financial year of 2011/2012, DO & CO reports
total sales of EUR 116.9 million, which represents an increase of EUR 14.8
million or 14.5% compared to the previous year (PY: EUR 102.1 million). The
consolidated EBIT of the DO & CO Group for the first quarter of the
financial year of 2011/2012 amounts to EUR 6.8 million which represents an
increase of EUR 2.0 million compared to the previous year (PY: EUR 4.8
million). EBITDA increased from EUR 9.0 million by EUR 1.8 million to EUR
10.8 million. EBIT margin rose from 4.7% to 5.8% and EBITDA margin rose
from 8.8% to 9.2%. The net result of the first quarter of the financial
year of 2011/2012 amounts to EUR 4.3 million (PY: EUR 2.3 million).

Airline Catering

Airline Q1 2011/12in Mio Q1 2010/11in Mio Changein Mio Change in
Catering EUR EUR EUR %
Sales 85.6 75.7 9.9 13.0%
EBITDA 8.0 6.7 1.3 19.4%
Depreciation -3.5 -3.4 -0.1 -2.3%
EBIT 4.5 3.3 1.2 37.0%
EBITDA 9.4% 8.9%
margin
EBIT margin 5.3% 4.4%

Sales of the Airline Catering division amount to EUR 85.6 million (PY: EUR
75.7 million). EBITDA increased by EUR 1.3 million from EUR 6.7 million in
the first quarter of 2010/2011 to EUR 8.0 million for the first quarter of
2011/2012. EBITDA margin amounts to 9.4% (PY: 8.9%). EBIT increased from
EUR 3.3 million to EUR 4.5 million for an EBIT margin of 5.3% (PY: 4.4%).

International Event Catering

International Event Q1 2011/12in Q1 2010/11in Changein Mio Change
Catering Mio EUR Mio EUR EUR in %
Sales 15.3 11.4 3.9 34.7%
EBITDA 1.5 1.1 0.4 36.5%
Depreciation -0.2 -0.3 0.1 27.2%
EBIT 1.3 0.9 0.5 56.1%
EBITDA margin 9.9% 9.8%
EBIT margin 8.7% 7.5%

Sales of the International Event Catering division amount to EUR 15.3
million (PY: EUR 11.4 million). EBITDA increased from EUR 1.1 million to
EUR 1.5 million in the first quarter of the financial year of 2011/2012.
EBIT amounts to EUR 1.3 million (PY: EUR 0.9 million). EBITDA margin
amounts to 9.9% (PY: 9.8%), EBIT margin amounts to 8.7% (PY: 7.5%).

Restaurants, Lounges & Hotel

Restaurants, Q1 2011/12in Q1 2010/11in Changein Mio Change
Lounges & Hotel Mio EUR Mio EUR EUR in %
Sales 16.0 15.0 1.0 6.7%
EBITDA 1.2 1.1 0.1 7.3%
Depreciation -0.3 -0.5 0.2 40.0%
EBIT 0.9 0.7 0.3 42.2%
EBITDA margin 7.7% 7.6%
EBIT margin 5.8% 4.4%

Sales of the Restaurants, Lounges & Hotel division amount to EUR 16.0
million (PY: EUR 15.0 million). EBITDA amounts to EUR 1.2 million (PY: EUR
1.1 million) in the first quarter of the financial year 2011/2012. EBITDA
margin amounts to 7.7% (PY: 7.6%). EBIT increased from EUR 0.7 million to
EUR 0.9 million. EBIT margin amounts to 5.8% (PY: 4.4%).

Stock

In the first quarter of 2011/2012, the price of DO & CO stock rose by 12.8%
on the Vienna Stock Exchange, trading at a maximum of EUR 34.00 at the
closure of 30 June 2011. Com-pared to this, the Austrian ATX index lost
4.0% over the same period, closing at 2,766.73 points on 30 June 2011.

At the Istanbul Exchange, DO & CO stock enjoyed an even steeper rise of
26.0% over the same period, closing with a maximum price of TRY 81.25 at
the ISE100 on 30 June 2011. With this increase, the DO & CO stock grew at a
markedly better rate than the Turkish ISE100 index which fell by 1.8% to
63,269.40 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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