DO & CO AG — Earnings Release 2012

Aug 16, 2012

News Details

Ad-hoc | 16 August 2012 09:14

DO & CO Restaurants & Catering AG:

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

16.08.2012 09:14

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Results for the first quarter of the financial year 2012/2013 (unaudited)

SALES: EUR 151.5 million
EBITDA: EUR 13.2 million
EBIT: EUR 9.3 million

• Sales and earnings further increased
• British Airways at New York JFK won as a new customer
• Successful start-up of 'DO & CO à la carte meals' on all Austrian
  Airlines flights
• Quality and innovation as drivers of growth

Vienna, August 16, 2012. DO & CO Restaurants & Catering AG today announced
its results for the first quarter of the financial year 2012/2013 (1 April
2012 to 30 June 2012) in accordance with IFRS.

Group Q1 2012/13in Q1 2011/12in Changein Mio Change
Mio EUR Mio EUR EUR in %
Sales 151.5 116.9 34.6 29.6%
EBITDA 13.2 10.8 2.4 22.5%
Depreciation -3.9 -4.0 0.1 1.6%
EBIT 9.3 6.8 2.5 36.7%
Profit before 10.2 7.6 2.5 32.9%
taxes
Consolidated 5.7 4.3 1.4 32.6%
result
EBITDA margin 8.7% 9.2%
EBIT margin 6.1% 5.8%

In the first quarter of the financial year of 2012/2013, DO & CO reports
total sales of EUR 151.5 million which represents an increase of EUR 34.6
million or 29.6% compared to the previous year (PY: EUR 116.9 million). The
consolidated EBIT of the DO & CO Group for the first quarter of the
financial year of 2012/2013 amounts to EUR 9.3 million which represents an
increase of EUR 2.5 million compared to the previous year (PY: EUR 6.8
million). EBITDA increased from EUR 10.8 million by EUR 2.4 million to EUR
13.2 million. EBIT margin rose from 5.8% to 6.1%. EBITDA margin amounts to
8.7 %. The net result of the first quarter of the financial year of
2012/2013 amounts to EUR 5.7 million (PY: EUR 4.3 million). Earnings per
share increased from EUR 0.44 to EUR 0.59 in the first quarter of the
financial year of 2012/2013.

Airline Catering

Airline Q1 2012/13in Mio Q1 2011/12in Mio Changein Mio Change in
Catering EUR EUR EUR %
Sales 92.8 85.6 7.2 8.4%
EBITDA 8.3 8.0 0.2 3.1%
Depreciation -3.0 -3.5 0.5 14.0%
EBIT 5.3 4.5 0.7 16.3%
EBITDA 8.9% 9.4%
margin
EBIT margin 5.7% 5.3%

Sales of the Airline Catering division amount to EUR 92.8 million (PY: EUR
85.6 million). EBITDA increased from EUR 8.0 million to EUR 8.3 million.
EBITDA margin amounts to 8.9% (PY: 9.4%). EBIT increased from EUR 4.5
million to EUR 5.3 million for an EBIT margin of 5.7% (PY: 5.3%).

International Event Catering

International Event Q1 2012/13in Q1 2011/12in Changein Mio Change
Catering Mio EUR Mio EUR EUR in %
Sales 33.0 15.3 17.7 115.4%
EBITDA 3.3 1.5 1.8 117.8%
Depreciation -0.4 -0.2 -0.2 -115.6%
EBIT 2.9 1.3 1.6 118.1%
EBITDA margin 10.0% 9.9%
EBIT margin 8.8% 8.7%

Sales of the International Event Catering division amount to EUR 33.0
million (PY: EUR 15.3 million). EBITDA increased from EUR 1.5 million to
EUR 3.3 million in the first quarter of the financial year of 2012/2013.
EBIT amounts to EUR 2.9 million (PY: EUR 1.3 million). EBITDA margin
amounts to 10.0% (PY: 9.9%), EBIT margin amounts to 8.8% (PY: 8.7%).

Restaurants, Lounges & Hotel

Restaurants, Q1 2012/13in Q1 2011/12in Changein Mio Change
Lounges & Hotel Mio EUR Mio EUR EUR in %
Sales 25.7 16.0 9.7 60.8%
EBITDA 1.6 1.2 0.4 31.5%
Depreciation -0.5 -0.3 -0.2 -70.7%
EBIT 1.1 0.9 0.2 19.3%
EBITDA margin 6.3% 7.7%
EBIT margin 4.3% 5.8%

Sales of the Restaurants, Lounges & Hotel division amount to EUR 25.7
million (PY: EUR 16.0 million). EBITDA amounts to EUR 1.6 million (PY: EUR
1.2 million) in the first quarter of the financial year 2012/2013. EBITDA
margin amounts to 6.3% (PY: 7.7%). EBIT increased from EUR 0.9 million to
EUR 1.1 million. EBIT margin amounts to 4.3% (PY: 5.8%).

Key Figures of the DO & CO Group

Key Figures Q1 2012/13 Q1 2011/12
Sales m EUR 151.5 116.9
EBITDA m EUR 13.2 10.8
EBITDA margin % 8.7% 9.2%
EBIT m EUR 9.3 6.8
EBIT margin % 6.1% 5.8%
Consolidated result m EUR 5.7 4.3
Employees 4,362 4,043
Equity1 m EUR 168.5 146.4
Equity ratio1 % 49.9% 54.3%
Net debts m EUR -98.2 -115.7
Net gearing % -58.3% -79.0%
Working capital m EUR 76.2 82.8
Operative cash-flow m EUR 21.1 10.5
cash-flow from investing activities m EUR 3.3 -2.3
EBITDA per share EUR 1.35 1.11
EBIT per share EUR 0.95 0.70
Earnings per share EUR 0.59 0.44
High2 EUR 31.99 34.00
Low2 EUR 26.55 29.00
Price at the end of the period2 EUR 29.50 34.00
Weighted number of shares TPie 9,744 9,744
Number of shares at the end of the period TPie 9,744 9,744
Market capitalization at the end of the m EUR 287.4 331.3
period

1...Adjusted to take designated dividend payments and bookvalue of goodwill
into account
2...Closing price

Stock

DO & CO stock performed very well on the stock exchanges of both Vienna and
Istanbul in the first quarter of the financial year 2012/2013.

While the ATX lost 8.5% over the reporting period, the DO & CO share price
rose by 1.1%. DO & CO stock closed at a price of EUR 29.50 on 29 June 2012.

At the Istanbul Stock Exchange, the DO & CO share lost 1.4%, closing at TRY
68.00 on 29 June 2012.

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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