DO & CO AG — Earnings Release 2012

Jun 4, 2013

News Details

Ad-hoc | 4 June 2013 09:15

DO & CO Aktiengesellschaft:

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

04.06.2013 09:15

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Results for the financial year 2012/2013

SALES: EUR 576.2 million
EBITDA: EUR 58.4 million
EBIT: EUR 41.3 million

Sales and earnings significantly increased
New customers acquired by all divisions and across all regions
Quality-focused business model secures sustained growth and employment

Vienna, June 04, 2013. DO & CO Aktiengesellschaft today announced its
results for the financial year 2012/2013 (1 April 2012 to 31 March 2013) in
accordance with IFRS.

Group FY 2012/13 FY 2011/12 Change Change
in Mio EUR in Mio EUR in Mio EUR in %
Sales 576.2 466.4 109.8 23.6%
EBITDA 58.4 51.5 6.9 13.4%
Depreciation/Impairment -17.1 -19.1 2.0 10.4%
EBIT 41.3 32.4 8.9 27.5%
Profit before taxes 42.3 35.6 6.7 18.8%
Consolidated result 22.8 19.3 3.5 18.0%

EBITDA margin 10.1% 11.0%
EBIT margin 7.2% 6.9%

In the financial year 2012/2013, DO & CO reports total sales of EUR 576.2
million which represents an increase of EUR 109.8 million or 23.6% compared
to the previous year (PY: EUR 466.4 million). EBITDA increased from EUR
51.5 million by EUR 6.9 million to EUR 58.4 million. EBITDA margin amounts
to 10.1%. The consolidated EBIT of the DO & CO Group for the financial year
2012/2013 amounts to EUR 41.3 million which represents an increase of EUR
8.9 million compared to the previous year (PY: EUR 32.4 million). EBIT
rmargin rose from 6.9% to 7.2%. The net result of the financial year
2012/2013 amounts to EUR 22.8 million (PY: EUR 19.3 million). Earnings per
share increased from EUR 1.98 to EUR 2.34 in the financial year 2012/2013.

Airline Catering

Airline Catering FY 2012/13 FY 2011/12 Change Change
in Mio EUR in Mio EUR in Mio EUR in %
Sales 400.2 349.8 50.4 14.4%
EBITDA 43.2 40.6 2.7 6.6%
Depreciation/Impairment -12.8 -16.0 3.1 19.7%
EBIT 30.4 24.6 5.8 23.6%

EBITDA margin 10.8% 11.6%
EBIT margin 7.6% 7.0%

Sales of the Airline Catering division amount to EUR 400.2 million (PY: EUR
349.8 million). EBITDA increased from EUR 40.6 million to EUR 43.2 million.
EBITDA margin amounts to 10.8% (PY: 11.6%). EBIT increased from EUR 24.6
million to EUR 30.4 million for an EBIT margin of 7.6% (PY: 7.0%).

International Event Catering

International FY 2012/13 FY 2011/12 Change Change
Event Catering in Mio EUR in Mio EUR in Mio EUR in %
Sales 71.1 46.0 25.1 54.5%
EBITDA 8.5 5.5 3.0 54.4%
Depreciation/Impairment -2.0 -1.3 -0.6 -45.8%
EBIT 6.6 4.2 2.4 57.1%

EBITDA margin 12.0% 12.0%
EBIT margin 9.2% 9.1%

Sales of the International Event Catering division amount to EUR 71.1
million (PY: EUR 46.0 million). EBITDA increased from EUR 5.5 million to
EUR 8.5 million in the financial year 2012/2013. EBITDA margin amounts to
12.0% (PY: 12.0%). EBIT amounts to EUR 6.6 million (PY: EUR 4.2 million),
EBIT margin amounts to 9.2% (PY: 9.1%).

Restaurants, Lounges & Hotel

Restaurants, Lounges FY 2012/13 FY 2011/12 Change Change
& Hotel in Mio EUR in Mio EUR in Mio EUR in %
Sales 104.9 70.5 34.3 48.7%
EBITDA 6.7 5.4 1.3 23.1%
Depreciation/Impairment -2.4 -1.8 -0.5 -29.4%
EBIT 4.3 3.6 0.7 19.9%

EBITDA margin 6.4% 7.7%
EBIT margin 4.1% 5.1%

Sales of the Restaurants, Lounges & Hotel division amount to EUR 104.9
million (PY: EUR 70.5 million). EBITDA amounts to EUR 6.7 million (PY: EUR
5.4 million) in the financial year 2012/2013. EBITDA margin amounts to 6.4%
(PY: 7.7%). EBIT increased from EUR 3.6 million to EUR 4.3 million. EBIT
margin amounts to 4.1% (PY: 5.1%).

Key Figures of the DO & CO Group

Key Figures FY 2012/13 FY 2011/12

Sales m EUR 576.2 466.4
EBITDA m EUR 58.4 51.5
EBITDA margin % 10.1% 11.0%
EBIT m EUR 41.3 32.4
EBIT margin % 7.2% 6.9%
Net result m EUR 22.8 19.3

Employees 6,220 4,166

Equity1 m EUR 184.8 161.6
Equity ratio1 % 53.3% 56.8%
Net debts m EUR -56.8 -85.0
Net gearing % -30.7% -52.6%
Working capital m EUR 75.2 92.4

Operating cash-flow m EUR 36.0 45.7
Cash-flow from investing activities m EUR -30.4 -62.5
Free cash-flow m EUR 5.6 -16.9

EBITDA per share EUR 6.00 5.29
EBIT per share EUR 4.24 3.32
Earnings per share EUR 2.34 1.98
High2 EUR 37.50 35.30
Low2 EUR 26.55 23.50
Price at the end of the period2 EUR 35.71 29.18
Number of shares at the end of the period TPie 9,744 9,744
Market capitalization at the end of the period m EUR 347.9 284.3

1. Adjusted to take designated dividend and book value 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 financial year 2012/2013.

At the Vienna Stock Exchange, the DO & CO share price rose by 22.4%,
closing at EUR 35.71 on 28 March 2013.

At the Istanbul Stock Exchange, the DO & CO share price rose by 34.8%,
closing at TRY 93.00 on 29 March 2013.

During the reporting period, the ATX rose from 2,159.06 points on 30 March
2012 to 2,352.01 points on 28 March 2013, equivalent to an increase of
8.9%. The Turkish BIST 100 index increased by 37.6%, closing at 85,898.99
points.

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 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

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