DO & CO AG — Earnings Release 2013

Nov 14, 2013

News Details

Ad-hoc | 14 November 2013 08:49

DO & CO Aktiengesellschaft:

DO & CO Aktiengesellschaft / Key word(s): Half Year Results

14.11.2013 08:49

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

---

Results for the first six months of the financial year 2013/2014

SALES: EUR 330.7 million
EBITDA: EUR 34.6 million
EBIT: EUR 25.7 million

Sales and profit improved
Unique business model; differentiation through innovation and premium
quality
Strong international growth

Vienna, November 14, 2013. DO & CO Aktiengesellschaft today announced its
results for the first six months of the financial year 2013/2014 (1 April
2013 to 30 September 2013) in accordance with IFRS.

Group HY1 2013/14 HY1 2012/13 Change Change
in Mio EUR in Mio EUR in Mio EUR in %
Sales 330.7 304.8 25.9 8.5%
EBITDA 34.6 31.6 3.0 9.4%
Depreciation -8.9 -7.5 -1.4 -18.7%
EBIT 25.7 24.1 1.6 6.5%
Profit before taxes 26.4 25.3 1.1 4.3%
Consolidated result 14.6 14.2 0.4 2.5%

EBITDA margin 10.5% 10.4%
EBIT margin 7.8% 7.9%

In the first six months of the financial year 2013/2014, DO & CO reports
total sales of EUR 330.7 million which represents an increase of EUR 25.9
million or 8.5% compared to the previous year (PY: EUR 304.8 million).
EBITDA increased from EUR 31.6 million by EUR 3.0 million to EUR 34.6
million. EBITDA margin amounts to 10.5%. The consolidated EBIT of the DO &
CO Group for the first six months of the financial year 2013/2014 amounts
to EUR 25.7 million which represents an increase of EUR 1.6 million
compared to the previous year (PY: EUR 24.1 million). EBIT margin amounts
to 7.8%. The net result of the first six months of the financial year
2013/2014 amounts to EUR 14.6 million (PY: EUR 14.2 million). Earnings per
share increased from EUR 1.46 to EUR 1.50 in the first six months of the
financial year 2013/2014.

Airline Catering

Airline Catering HY1 2013/14 HY1 2012/13 Change Change
in Mio EUR in Mio EUR in Mio EUR in %
Sales 239.5 203.9 35.6 17.5%
EBITDA 27.4 22.6 4.7 20.8%
Depreciation -7.1 -6.0 -1.1 -18.7%
EBIT 20.3 16.7 3.6 21.6%

EBITDA margin 11.4% 11.1%
EBIT margin 8.5% 8.2%

Sales of the Airline Catering division amount to EUR 239.5 million (PY: EUR
203.9 million). EBITDA increased from EUR 22.6 million to EUR 27.4 million.
EBITDA margin amounts to 11.4% (PY: 11.1%). EBIT increased from EUR 16.7
million to EUR 20.3 million for an EBIT margin of 8.5% (PY: 8.2%).

International Event Catering

International HY1 2013/14 HY1 2012/13 Change Change
in Mio EUR in Mio EUR in Mio EUR in %
Event Catering
Sales 30.7 49.8 -19.0 -38.2%
EBITDA 3.4 5.5 -2.0 -37.1%
Depreciation -0.6 -0.6 0.0 -2.4%
EBIT 2.9 4.9 -2.0 -41.8%

EBITDA margin 11.2% 11.0%
EBIT margin 9.3% 9.8%

Sales of the International Event Catering division amount to EUR 30.7
million (PY: EUR 49.8 million). EBITDA decreased from EUR 5.5 million to
EUR 3.4 million in the first six months of the financial year 2013/2014.
EBITDA margin amounts to 11.2% (PY: 11.0%). EBIT amounts to EUR 2.9 million
(PY: EUR 4.9 million), EBIT margin amounts to 9.3% (PY: 9.8%).

Restaurants, Lounges & Hotel

Restaurants, Lounges HY1 2013/14 HY1 2012/13 Change Change
in Mio EUR in Mio EUR in Mio EUR in %
& Hotel
Sales 60.5 51.2 9.3 18.1%
EBITDA 3.8 3.5 0.3 8.0%
Depreciation -1.2 -1.0 -0.3 -28.3%
EBIT 2.5 2.5 0.0 0.3%

EBITDA margin 6.2% 6.8%
EBIT margin 4.2% 4.9%

Sales of the Restaurants, Lounges & Hotel division amount to EUR 60.5
million (PY: EUR 51.2 million). EBITDA amounts to EUR 3.8 million (PY: EUR
3.5 million) in the first six months of the financial year 2013/2014.
EBITDA margin amounts to 6.2% (PY: 6.8%). EBIT amounts to EUR 2.5 million.
EBIT margin amounts to 4.2% (PY: 4.9%).

Key Figures of the DO & CO Group

Key Figures HY1 2013/14 HY1
2012/13
in Mio EUR in Mio EUR

Sales m EUR 330.7 304.8
EBITDA m EUR 34.6 31.6
EBITDA margin % 10.5% 10.4%
EBIT m EUR 25.7 24.1
EBIT margin % 7.8% 7.9%
Net result m EUR 14.6 14.2

Employees 6,992 5,645

Equity1 m EUR 189.9 178.2
Equity ratio1 % 55.8% 54.3%
Net debts m EUR -51.5 -91.8
Net gearing % -27.1% -51.5%
Working capital m EUR 67.4 85.9

Operating cash-flow m EUR 12.2 23.4
Cash-flow from investing activities m EUR -4.1 -0.5
Free cash-flow m EUR 8.1 23.0

EBITDA per share EUR 3.55 3.25
EBIT per share EUR 2.63 2.47
Earnings per share EUR 1.50 1.46
High2 EUR 40.39 33.70
Low2 EUR 31.39 26.55
Price at the end of the period2 EUR 33.15 33.00
Number of shares at the end of the period TPie 9,744 9,744
Market capitalization at the end of the m EUR 323.0 321.6
period

1. Adjusted by book value of goodwill
2. Closing price

Stock

At the Vienna Stock Exchange, the DO & CO share price decreased by 7.2%,
closing at EUR 33.15 on 30 September 2013.

At the Istanbul Stock Exchange, the DO & CO share price declined by 1.6%,
closing at TRY 91.50 on 30 September 2013.

During the reporting period, the ATX increased from 2,352.01 points on 28
March 2013 to 2,528.45 points on 30 September 2013, equivalent to an
increase of 7.5%.

The Turkish BIST 100 index decreased by 13.3%, closing at 74,486.56 points.

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:
http://www.doco.com/portals/8/berichte/jahres-und-quartalsberichte/en/q2_2
013.pdf

14.11.2013 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 Aktiengesellschaft
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

---