DO & CO AG — Earnings Release 2011

Feb 10, 2011

News Details

Ad-hoc | 10 February 2011 09:11

DO & CO Restaurants & Catering AG:

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

10.02.2011 09:11

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Results for the first nine months of the financial year 2010/2011
(unaudited)

SALES: EUR 330.5 million
EBITDA: EUR 32.9 million
EBIT: EUR 19.5 million

Strong international growth sustained
Sales and results improved again
Successful retail launch of the HENRY gourmet brand
First foreign company to be listed at the Istanbul Stock Exchange

Vienna, February 10, 2011. DO & CO Restaurants & Catering AG today
announced its results for the first nine months of the financial year
2010/2011 (1 April 2010 to 31 December 2010) in accordance with IFRS.

Group Q1-3 2010/11in Q1-3 2009/10in Change in Change
Mio EUR Mio EUR Mio EUR in %
Sales 330.5 271.5 59.0 21.7%
EBITDA 32.9 26.1 6.8 26.1%
Depreciation/ -13.4 -12.6 -0.9 -6.8%
amortization
EBIT 19.5 13.5 6.0 44.2%
EBITDA margin 10.0% 9.6%
EBIT margin 5.9% 5.0%

In the first nine months of 2010/2011, DO & CO reports total sales of EUR
330.5 million, which represents an increase of EUR 59.0 million or 21.7%
compared with the first nine months of the previous year (PY: EUR 271.5
million). The consolidated EBIT of the DO & CO Group for the first nine
months of 2010/2011 amounts to EUR 19.5 million which represents an
increase of EUR 6.0 million compared to the previous year (PY: EUR 13.5
million). EBITDA increased from EUR 26.1 million by EUR 6.8 million to EUR
32.9 million. EBIT margin rose from 5.0% to 5.9% and EBITDA margin rose
from 9.6% to 10.0%.

Airline Catering

Airline Q1-3 2010/11in Q1-3 2009/10in Change in Change
Catering Mio EUR Mio EUR Mio EUR in %
Sales 251.8 197.7 54.1 27.3%
EBITDA 25.8 19.8 6.0 30.6%
Depreciation/ -11.4 -10.4 -1.0 -9.3%
amortization
EBIT 14.4 9.4 5.1 54.2%
EBITDA margin 10.2% 10.0%
EBIT margin 5.7% 4.7%

Sales of the Airline Catering division amount to EUR 251.8 million (PY: EUR
197.7 million). EBITDA increased by EUR 6.0 million from EUR 19.8 million
for the first nine months of 2009/2010 to EUR 25.8 million for the first
nine months of 2010/2011. EBITDA margin amounts to 10.2% (PY: 10.0%). EBIT
increased from EUR 9.4 million to EUR 14.4 million for an EBIT margin of
5.7% (PY: 4.7%).

International Event Catering

International Q1-3 2010/11in Q1-3 2009/10in Change in Change
Event Catering Mio EUR Mio EUR Mio EUR in %
Sales 31.5 27.5 4.0 14.4%
EBITDA 3.4 2.9 0.6 19.7%
Depreciation/ -0.8 -0.7 -0.1 -18.2%
amortization
EBIT 2.7 2.2 0.4 20.2%
EBITDA margin 10.9% 10.5%
EBIT margin 8.5% 8.1%

Sales of the International Event Catering division amount to EUR 31.5
million (PY: EUR 27.5 million). EBITDA increased from EUR 2.9 million to
EUR 3.4 million in the first nine months of 2010/2011. EBIT amounts to EUR
2.7 million (PY: EUR 2.2 million). EBITDA margin amounts to 10.9% (PY:
10.5%), EBIT margin amounts to 8.5% (PY: 8.1%).

Restaurants, Lounges & Hotel

Restaurants, Q1-3 2010/11in Q1-3 2009/10in Change in Change
Lounges & Hotel Mio EUR Mio EUR Mio EUR in %
Sales 47.2 46.2 0.9 2.0%
EBITDA 3.7 3.4 0.2 6.2%
Depreciation/ -1.3 -1.5 0.2 15.8%
amortization
EBIT 2.4 1.9 0.5 23.3%
EBITDA margin 7.8% 7.5%
EBIT margin 5.1% 4.2%

Sales of the Restaurants, Lounges & Hotel division amount to EUR 47.2
million (PY: EUR 46.2 million). EBITDA amounts to EUR 3.7 million (PY: EUR
3.4 million) in the first nine months of the business year 2010/2011.
EBITDA margin amounts to 7.8% (PY: 7.5%). EBIT increased from EUR 1.9
million to EUR 2.4 million in the first nine months of the business year
2010/2011. EBIT margin amounts to 5.1% (PY: 4.2%).

Stock
Rising by 85.9% in the first three quarters of 2010/2011, the DO & CO share
gave an excellent performance. The closing price on 30 December 2010 was
EUR 29.75, corresponding to a market capitalisation of EUR 289.88 million.

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
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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