DO & CO AG — Earnings Release 2014

Aug 14, 2014

News Details

Ad-hoc | 14 August 2014 09:00

DO & CO Aktiengesellschaft:

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

14.08.2014 09:00

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EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Results for the first quarter of the financial year 2014/2015 (unaudited)

SALES: EUR 189.4 million
EBITDA: EUR 16.9 million
EBIT: EUR 11.5 million

sales and profit increased again
international expansion strategy continued
acquisition of HEDIARD - Paris
new gourmet kitchen in Chicago

Vienna, August 14, 2014. DO & CO Aktiengesellschaft today announced its
results for the first quarter of the financial year 2014/2015 (1 April 2014
to 30 June 2014) in accordance with IFRS.

Group Q1 2014/15 Q1 2013/14 Change Change
in Mio EUR in Mio EUR in Mio EUR in %
Sales 189.4 161.9 27.5 17.0%
EBITDA 16.9 14.3 2.6 18.3%
Depreciation -5.4 -4.5 -0.8 -18.5%
EBIT 11.5 9.7 1.8 18.2%
Profit before taxes 14.9 10.0 4.9 49.6%
Consolidated result 9.1 5.1 4.0 77.4%

EBITDA margin 8.9% 8.8%
EBIT margin 6.1% 6.0%

In the first quarter of the financial year 2014/2015, DO & CO reports total
sales of EUR 189.4 million which represents an increase of EUR 27.5 million
or 17.0% compared to the previous year (PY: EUR 161.9 million). EBITDA
increased from EUR 14.3 million by EUR 2.6 million to EUR 16.9 million.
EBITDA margin amounts to 8.9%. The consolidated EBIT of the DO & CO Group
for the first quarter of the financial year 2014/2015 amounts to EUR 11.5
million which represents an increase of EUR 1.8 million compared to the
previous year (PY: EUR 9.7 million). EBIT margin increased from 6.0% to
6.1%. The net result of the first quarter of the financial year 2014/2015
amounts to EUR 9.1 million (PY: EUR 5.1 million). Earnings per share
increased from EUR 0.53 to EUR 0.93 in the first quarter of the financial
year 2014/2015.

Airline Catering

Airline Catering Q1 2014/15 Q1 2013/14 Change Change
in Mio EUR in Mio EUR in Mio EUR in %
Sales 125.1 114.8 10.3 8.9%
EBITDA 12.4 10.9 1.5 13.8%
Depreciation -3.7 -3.6 -0.1 -2.3%
EBIT 8.7 7.3 1.4 19.5%

EBITDA margin 9.9% 9.5%
EBIT margin 7.0% 6.3%

Sales of the Airline Catering division amount to EUR 125.1 million (PY: EUR
114.8 million). EBITDA increased from EUR 10.9 million to EUR 12.4 million.
EBITDA margin amounts to 9.9% (PY: 9.5%). EBIT increased from EUR 7.3
million to EUR 8.7 million for an EBIT margin of 7.0% (PY: 6.3%).

International Event Catering

International Q1 2014/15 Q1 2013/14 Change Change
in Mio EUR in Mio EUR in Mio EUR in %
Event Catering
Sales 26.5 18.5 8.0 43.3%
EBITDA 2.2 1.9 0.4 20.0%
Depreciation -1.0 -0.4 -0.6 -160.6%
EBIT 1.2 1.5 -0.2 -16.8%

EBITDA margin 8.4% 10.0%
EBIT margin 4.6% 8.0%

Sales of the International Event Catering division amount to EUR 26.5
million (PY: EUR 18.5 million). EBITDA increased from EUR 1.9 million to
EUR 2.2 million in the first quarter of the financial year 2014/2015.
EBITDA margin amounts to 8.4% (PY: 10.0%). EBIT amounts to EUR 1.2 million
(PY: EUR 1.5 million), EBIT margin amounts to 4.6% (PY: 8.0%).

Restaurants, Lounges & Hotel

Restaurants, Lounges Q1 2014/15 Q1 2013/14 Change Change
in Mio EUR in Mio EUR in Mio EUR in %
& Hotel
Sales 37.8 28.6 9.2 32.1%
EBITDA 2.3 1.5 0.7 48.4%
Depreciation -0.7 -0.6 -0.1 -25.2%
EBIT 1.6 1.0 0.6 61.9%

EBITDA margin 6.0% 5.3%
EBIT margin 4.1% 3.4%

Sales of the Restaurants, Lounges & Hotel division amount to EUR 37.8
million (PY: EUR 28.6 million). EBITDA amounts to EUR 2.3 million (PY: EUR
1.5 million) in the first quarter of the financial year 2014/2015. EBITDA
margin amounts to 6.0% (PY: 5.3%). EBIT increased from EUR 1.0 million to
EUR 1.6 million. EBIT margin amounts to 4.1% (PY: 3.4%).

Key Figures of the DO & CO Group

Key Figures Q1 2014/15 Q1 2013/14
in Mio EUR in Mio EUR

Sales m EUR 189.4 161.9
EBITDA m EUR 16.9 14.3
EBITDA margin % 8.9% 8.8%
EBIT m EUR 11.5 9.7
EBIT margin % 6.1% 6.0%
Net result m EUR 9.1 5.1

Employees 8,393 6,717

Equity1 m EUR 190.4 183.1
Equity ratio1 % 36.6% 51.8%
Net debts m EUR -12.3 -61.3
Net gearing % -6.5% -33.5%
Working capital m EUR 186.0 74.0

Operating cash-flow m EUR 18.3 17.4
Cash-flow from investing activities m EUR -30.6 -6.9
Free cash-flow m EUR -12.3 10.5

EBITDA per share EUR 1.73 1.46
EBIT per share EUR 1.18 1.00
Earnings per share EUR 0.93 0.53
High2 EUR 46.80 40.39
Low2 EUR 38.20 33.90
Price at the end of the period2 EUR 46.10 34.00
Number of shares at the end of the period TPie 9,744 9,744
Market capitalization at the end of the period m EUR 449.2 331.3

1 . Adjusted to take bookvalue of goodwill into account
2 . Closing price

Stock

DO & CO stock performed well on the stock exchanges of both Vienna and
Istanbul in the first quarter of the financial year 2014/2015. Their value
growing substantially vis-à-vis the index during the reporting period.

At the Vienna Stock Exchange, DO & CO shares rose by 22.6% in the first
quarter of the company's 2014/2015 business year, closing at EUR 46.10 on
30 June 2014.

On the Istanbul Stock Exchange, DO & CO shares rose by 19.5%, closing at
TRY 135.00 on 30 June 2014.

During the reporting period, the ATX declined slightly, from 2,523.82 on 31
March 2014 to 2,500.85 on 30 June 2014, corresponding to a loss of 0.9%.
The Turkish BIST 100 rose from 69,736.34 to 78.489.01, an increase by 12.6%
as per 30 June 2014.

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/portals/8/berichte/jahres-und-quartalsberichte/en/q1_2014.pdf.

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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)

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