DO & CO AG — Earnings Release 2012

Feb 9, 2012

News Details

Ad-hoc | 9 February 2012 09:24

DO & CO Restaurants & Catering AG:

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

09.02.2012 09:24

Dissemination of an Ad hoc announcement, transmitted by DGAP - a company of
EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---

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

SALES: EUR 361.8 million
EBITDA: EUR 37.2 million
EBIT: EUR 24.9 million

Sales and earnings pushed up again, in spite of a difficult market
New customers acquired in all divisions and regions
Quality-focused business model ensures high capacity utilisation rates

Vienna, February 9, 2012. DO & CO Restaurants & Catering AG today announced
its results for the first nine months of the financial year 2011/2012 (1
April 2011 to 31 December 2011) in accordance with IFRS.

Group Q1-3 2011/12in Q1-3 2010/11in Changein Change
Mio EUR Mio EUR Mio EUR in %
Sales 361.8 330.5 31.4 9.5%
EBITDA 37.2 32.9 4.3 13.0%
Depreciation/ -12.3 -13.4 1.1 8.3%
amortization
EBIT 24.9 19.5 5.4 27.6%
Profit before 27.3 21.4 5.9 27.6%
taxes
Consolidated 14.9 10.3 4.6 44.9%
result
EBITDA margin 10.3% 10.0%
EBIT margin 6.9% 5.9%

In the first nine months of the financial year of 2011/2012, DO & CO
reports total sales of EUR 361.8 million, which represents an increase of
EUR 31.4 million or 9.5% compared to the previous year (PY: EUR 330.5
million). The consolidated EBIT of the DO & CO Group for the first nine
months of the financial year of 2011/2012 amounts to EUR 24.9 million which
represents an increase of EUR 5.4 million compared to the previous year
(PY: EUR 19.5 million). EBITDA increased from EUR 32.9 million by EUR 4.3
million to EUR 37.2 million. EBIT margin rose from 5.9% to 6.9% and EBITDA
margin rose from 10.0% to 10.3%. The net result rose from EUR 10.3 million
to EUR 14.9 million in the first nine months of the financial year of
2011/2012

Airline Catering

Airline Catering Q1-3 2011/12in Q1-3 2010/11in Changein Change
Mio EUR Mio EUR Mio EUR in %
Sales 269.5 251.8 17.7 7.0%
EBITDA 28.5 25.8 2.7 10.6%
Depreciation/ -10.9 -11.4 0.4 3.8%
amortization
EBIT 17.6 14.4 3.2 21.9%
EBITDA margin 10.6% 10.2%
EBIT margin 6.5% 5.7%

Sales of the Airline Catering division amount to EUR 269.5 million (PY: EUR
251.8 million). EBITDA increased by EUR 2.7 million from EUR 25.8 million
to EUR 28.5 million in the first nine months of 2011/2012. EBITDA margin
amounts to 10.6% (PY: 10.2%). EBIT increased from EUR 14.4 million to EUR
17.6 million for an EBIT margin of 6.5% (PY: 5.7%).

International Event Catering

International Q1-3 2011/12in Q1-3 2010/11in Changein Change
Event Catering Mio EUR Mio EUR Mio EUR in %
Sales 39.7 31.5 8.2 26.1%
EBITDA 4.4 3.4 1.0 28.2%
Depreciation/ -0.6 -0.8 0.2 25.3%
amortization
EBIT 3.8 2.7 1.2 43.7%
EBITDA margin 11.1% 10.9%
EBIT margin 9.7% 8.5%

Sales of the International Event Catering division amount to EUR 39.7
million (PY: EUR 31.5 million). EBITDA increased from EUR 3.4 million to
EUR 4.4 million in the first nine months of the financial year of
2011/2012. EBIT amounts to EUR 3.8 million (PY: EUR 2.7 million). EBITDA
margin amounts to 11.1% (PY: 10.9%), EBIT margin amounts to 9.7% (PY:
8.5%).

Restaurants, Lounges & Hotel

Restaurants, Q1-3 2011/12in Q1-3 2010/11in Changein Change
Lounges & Hotel Mio EUR Mio EUR Mio EUR in %
Sales 52.6 47.2 5.4 11.5%
EBITDA 4.2 3.7 0.6 15.7%
Depreciation/ -0.8 -1.3 0.5 37.5%
amortization
EBIT 3.4 2.4 1.1 44.1%
EBITDA margin 8.1% 7.8%
EBIT margin 6.5% 5.1%

Sales of the Restaurants, Lounges & Hotel division amount to EUR 52.6
million (PY: EUR 47.2 million). EBITDA amounts to EUR 4.2 million (PY: EUR
3.7 million) in the first nine months of the financial year 2011/2012.
EBITDA margin amounts to 8.1% (PY: 7.8%). EBIT increased from EUR 2.4
million to EUR 3.4 million. EBIT margin amounts to 6.5% (PY: 5.1%).

Stock

In the first nine months of 2011/2012, the price of DO & CO stock decreased
by 13.3% on the Vienna Stock Exchange, trading at EUR 26.14 at the closure
of 29 December 2011. Compared to this, the Austrian ATX index lost 34.4%
over the same period, closing at 1,891.68 points on 29 December 2011.

At the Istanbul Stock Exchange, DO & CO stock decreased by 1.6% over the
same period, closing with a price of TRY 63.50 at the Istanbul Stock
Exchange on 30 December 2011. With this decrease, the DO & CO stock
performed much better than the Turkish ISE100 index which fell by 20.4% to
51,266.62 points in the same period.

Key Figures of the DO & CO Group

Key Figures Q3 Q3 Q1-3 Q1-3
2011/12 2010/11 2011/12 2010/11
Equity1 m 158.5 142.5 158.5 142.5
EUR
Equity ratio1 % 58.2% 58.4% 58.2% 58.4%
Total assets m 276.3 247.9 276.3 247.9
EUR
Net debts m -86.0 -105.7 -86.0 -105.7
EUR
Employees 3,977 3,747 4,124 3,778
Operative cash-flow m 14.7 8.2 35.9 48.8
EUR
cash-flow from investing m -24.3 -2.0 -51.1 -11.5
activities EUR
EBITDA per share EUR 1.05 1.08 3.81 4.17
EBIT per share EUR 0.61 0.51 2.55 2.47
Earnings per share EUR 0.38 0.31 1.53 1.30
High2 EUR 35.30 29.90 35.30 29.90
Low2 EUR 23.50 19.50 23.50 15.00
Price at the end of the EUR 26.14 29.75 26.14 29.75
period2
Weighted number of shares3 TPie 9,744 8,347 9,744 7,886
Number of shares at the end TPie 9,744 9,744 9,744 9,744
of the period3
Market capitalization at the m 254.7 289.9 254.7 289.9
end of the period EUR

1.Adjusted to take bookvalue of goodwill into account
2.Closing price
3.Adjusted by own shares held

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.

09.02.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---

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)

End of Announcement DGAP News-Service

---