DO & CO AG — Earnings Release 2010

Jun 7, 2011

News Details

Ad-hoc | 7 June 2011 09:16

DO & CO Restaurants & Catering AG:

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

07.06.2011 09:16

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The issuer is solely responsible for the content of this announcement.

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Results for the financial year 2010/2011

SALES: EUR 426.1 million
EBITDA: EUR 45.8 million
EBIT: EUR 28.3 million

Further increase in sales and revenues
Quality strategy generates strong international growth
New 'HENRY' gourmet brand about to expand
Successful double listing on stock exchanges in Istanbul and Vienna

Vienna, June 7, 2011. DO & CO Restaurants & Catering AG today announced its
results for the financial year 2010/2011 (1 April 2010 to 31 March 2011) in
accordance with IFRS.

Group FY 2010/11in FY 2009/10in Changein Mio Change
Mio EUR Mio EUR EUR in %
Sales 426.1 352.7 73.3 20.8%
EBITDA 45.8 36.0 9.8 27.2%
Depreciation/ -17.5 -17.5 -0.1 -0.4%
Impairment
EBIT 28.3 18.6 9.8 52.5%
EBITDA margin 10.8% 10.2%
EBIT margin 6.6% 5.3%

In the financial year of 2010/2011, DO & CO reports total sales of EUR
426.1 million, which represents an increase of EUR 73.3 million or 20.8%
compared to the previous year (PY: EUR 352.7 million). The consolidated
EBIT of the DO & CO Group for the financial year of 2010/2011 amounts to
EUR 28.3 million which represents an increase of EUR 9.8 million compared
to the previous year (PY: EUR 18.6 million). EBITDA increased from EUR 36.0
million by EUR 9.8 million to EUR 45.8 million. EBIT margin rose from 5.3%
to 6.6% and EBITDA margin rose from 10.2% to 10.8%. The net result amounts
to EUR 15.4 million (PY: EUR 9.7 million).

Airline Catering

Airline FY 2010/11in FY 2009/10in Changein Mio Change
Catering Mio EUR Mio EUR EUR in %
Sales 327.2 258.6 68.6 26.5%
EBITDA 36.9 27.7 9.2 33.4%
Depreciation/ -14.8 -14.5 -0.3 -1.9%
Impairment
EBIT 22.1 13.2 9.0 67.9%
EBITDA margin 11.3% 10.7%
EBIT margin 6.8% 5.1%

Sales of the Airline Catering division amount to EUR 327.2 million (PY: EUR
258.6 million). EBITDA increased by EUR 9.2 million from EUR 27.7 million
in the financial year of 2009/2010 to EUR 36.9 million for the financial
year 2010/2011. EBITDA margin amounts to 11.3% (PY: 10.7%). EBIT increased
from EUR 13.2 million to EUR 22.1 million for an EBIT margin of 6.8% (PY:
5.1%).

International Event Catering

International Event FY 2010/11in FY 2009/10in Changein Mio Change
Catering Mio EUR Mio EUR EUR in %
Sales 36.6 34.0 2.7 7.8%
EBITDA 4.3 4.0 0.4 8.8%
Depreciation/ -1.1 -1.0 -0.1 -7.9%
Impairment
EBIT 3.3 3.0 0.3 9.2%
EBITDA margin 11.8% 11.7%
EBIT margin 8.9% 8.8%

Sales of the International Event Catering division amount to EUR 36.6
million (PY: EUR 34.0 million). EBITDA increased from EUR 4.0 million to
EUR 4.3 million in the financial year of 2010/2011. EBIT amounts to EUR 3.3
million (PY: EUR 3.0 million). EBITDA margin amounts to 11.8% (PY: 11.7%),
EBIT margin amounts to 8.9% (PY: 8.8%).

Restaurants, Lounges & Hotel

Restaurants, FY 2010/11in FY 2009/10in Changein Mio Change
Lounges & Hotel Mio EUR Mio EUR EUR in %
Sales 62.2 60.2 2.1 3.4%
EBITDA 4.6 4.4 0.2 5.4%
Depreciation/ -1.7 -2.0 0.3 14.3%
Impairment
EBIT 2.9 2.4 0.5 21.9%
EBITDA margin 7.4% 7.3%
EBIT margin 4.7% 4.0%

Sales of the Restaurants, Lounges & Hotel division amount to EUR 62.2
million (PY: EUR 60.2 million). EBITDA amounts to EUR 4.6 million (PY: EUR
4.4 million) in the financial year 2010/2011. EBITDA margin amounts to 7.4%
(PY: 7.3%). EBIT increased from EUR 2.4 million to EUR 2.9 million in the
financial year 2010/2011. EBIT margin amounts to 4.7% (PY: 4.0%).

Stock

Rising by 88.4% in the financial year of 2010/2011, the DO & CO share gave
an excellent performance. The closing price on 31 March 2011 was EUR 30.15,
corresponding to a market capitalisation of EUR 293.8 million.

The Management Board will propose to the General Meeting of Shareholders
that a dividend of EUR 0.35 per share shall be distributed for the
financial year 2010/2011.

According to the stock act 82 (4) the financial 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
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; Wien (Amtlicher
Handel / Official Market)

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