DO & CO AG — Earnings Release 2015

Nov 19, 2015

News Details

Ad-hoc | 19 November 2015 09:30

DO & CO Aktiengesellschaft:

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

19.11.2015 09:30

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Results for the first six months of the financial year 2015/2016

SALES: EUR 474.9 million
EBITDA: EUR 48.3 million
EBIT: EUR 32.1 million

sales and results increased again
strong growth in all regions
worldwide unique business model

Vienna, November 19, 2015. DO & CO Aktiengesellschaft today announced its
results for the first six months of the financial year 2015/2016 (1 April
2015 to 30 September 2015) in accordance with IFRS.

Group HY1 2015/ HY1 2014/ Change Change
16 15 in Mio in %
in Mio EUR in Mio EUR EUR
Sales 474.9 395.7 79.3 20.0%
EBITDA 48.3 40.1 8.1 20.3%
Amortisation / depreciation / -16.2 -11.2 -5.0 -44.1%
impairment
EBIT 32.1 28.9 3.2 11.0%
Profit before taxes 30.6 42.0 -11.4 -27.2%
Net result 18.9 25.5 -6.6 -26.0%

EBITDA margin 10.2% 10.1%
EBIT margin 6.8% 7.3%

please see explanation regarding net result* below

In the first six months of the financial year 2015/2016, DO & CO reports
sales of EUR 474.9 million (PY: EUR 395.7 million) which represents an
increase of EUR 79.3 million or 20.0% compared to the same period in
previous year. EBITDA increased from EUR 40.1 million by EUR 8.1 million to
EUR 48.3 million. EBITDA margin amounts to 10.2 %. The consolidated EBIT of
the DO & CO Group for the first six months of the financial year 2015/2016
amounts to EUR 32.1 million which represents an increase of EUR 3.2 million
compared to the same period in the previous year (PY: EUR 28.9 million).
EBIT margin amounts to 6.8 % in the first six months of the financial year
2015/2016. The net result* of the first six months of the financial year
2015/2016 amounts to EUR 18.9 million (PY: EUR 25.5 million). The reduction
of the net result in the first six months of the financial year 2015/2016
compared to the same period of the previous year is due to the positive
one-off effect of the total return equity swap (a derivative transaction
carried out with UniCredit) of EUR 11.4 million in the first six months of
the previous period. Adjusted for this one-off effect, the net result in
the first six months of the previous period stands at EUR 14.1 million.
Thus, the net result of the first six months of the financial year
2015/2016 exceeds the net result of the first six months of the previous
period, adjusted for this one-off effect, by EUR 4.8 million or 33.8%.
Earnings per share of the first six months of the financial year 2015/2016
amount to EUR 1.94 (PY: EUR 2.63). Earnings per share are up by EUR 0.49
compared to the same period of the previous year, adjusted for the one-off
effect resulting from the total return equity swap entered into with
UniCredit and amounting to EUR 1.45.

Airline Catering

Airline Catering HY1 2015/16 HY1 2014/15 Change Change
in Mio EUR in Mio EUR in Mio EUR in %
Sales 326.1 267.7 58.4 21.8%
EBITDA 38.7 30.5 8.2 26.9%
Amortisation / depreciation -10.4 -7.6 -2.7 -35.8%
EBIT 28.3 22.8 5.5 23.9%

EBITDA margin 11.9% 11.4%
EBIT margin 8.7% 8.5%

Sales of the Airline Catering division amount to EUR 326.1 million in the
first six months of the financial year 2015/2016 (PY: EUR 267.7 million).
EBITDA increased from EUR 30.5 million to EUR 38.7 million in the first six
months of the financial year 2015/2016 compared to the same period in
previous year. EBITDA margin amounts to 11.9% (PY: 11.4%). EBIT increased
from EUR 22.8 million to EUR 28.3 million for an EBIT margin of 8.7% (PY:
8.5%).

International Event Catering

International HY1 2015/16 HY1 2014/15 Change Change
Event Catering in Mio EUR in Mio EUR in Mio EUR in %
Sales 65.1 48.5 16.6 34.1%
EBITDA 5.7 4.4 1.2 28.0%
Amortisation / depreciation -2.3 -2.1 -0.2 -11.0%
EBIT 3.4 2.4 1.0 43.0%

EBITDA margin 8.7% 9.1%
EBIT margin 5.2% 4.8%

Sales of the International Event Catering division amount to EUR 65.1
million in the first six months of the financial year 2015/2016 (PY: EUR
48.5 million). EBITDA increased in the first six months of the financial
year 2015/2016 from EUR 4.4 million to EUR 5.7 million compared to the same
period in previous year. EBITDA margin amounts to 8.7% (PY: 9.1%). EBIT
amounts to EUR 3.4 million (PY: EUR 2.4 million), EBIT margin amounts to
5.2% (PY: 4.8%).

Restaurants, Lounges & Hotel

Restaurants, Lounges HY1 2015/ HY1 2014/ Change Change
& Hotel 16 15 in Mio in %
in Mio in Mio EUR
EUR EUR
Sales 83.7 79.4 4.3 5.4%
EBITDA 3.9 5.2 -1.3 -24.9%
Amortisation / depreciation / -3.5 -1.5 -2.0 -131.3%
impairment
EBIT 0.4 3.7 -3.3 -88.6%

EBITDA margin 4.7% 6.6%
EBIT margin 0.5% 4.7%

Sales of the Restaurants, Lounges & Hotel division amount to EUR 83.7
million in the first six months of the financial year 2015/2016 (PY: EUR
79.4 million). EBITDA amounts to EUR 3.9 million (PY: EUR 5.2 million).
EBITDA margin amounts to 4.7% (PY: 6.6%). EBIT amounts to EUR 0.4 million
in the first six months of the financial year 2015/2016 (PY: EUR 3.7
million). EBIT margin amounts to 0.5% (PY: 4.7%).

Key Figures HY1 2015/16 HY1
2014/15
in Mio EUR in Mio EUR

Sales m EUR 474.9 395.7
EBITDA m EUR 48.3 40.1
EBITDA margin % 10.2% 10.1%
EBIT m EUR 32.1 28.9
EBIT margin % 6.8% 7.3%
Net result m EUR 18.9 25.5

Employees 9,890 8,687

Equity1 m EUR 216.6 158.2
Equity ratio1 % 37.1% 30.6%
Net debt2 m EUR 102.2 10.6
Net gearing1,2 % 47.2% 6.7%
Working capital2 m EUR 6.8 -8.5

Operating cash-flow2 m EUR 41.3 41.1
Cash-flow from investing activities2 m EUR -29.3 -39.2
Free cash-flow2 m EUR 12.1 1.9

EBITDA per share EUR 4.95 4.13
EBIT per share EUR 3.29 2.97
Earnings per share EUR 1.94 2.63
High3 EUR 96.92 55.05
Low3 EUR 64.03 38.20
Price at the end of the period3 EUR 72.50 51.51
Number of shares at the end of the period4 TPie 9,744 8,770
Number of weighted shares4 TPie 9,744 9,717
Market capitalization at the end of the m EUR 706.4 451.7
period

1 . Adjusted by carrying amounts of goodwill
2 . Way of calculation changed compared to prior year
3 . Closing price
4 . Adjusted by own shares hold as of balance sheet day

Stock

At the Vienna Stock Exchange, the DO & CO share price increased by 5.0% in
the first six months of the financial year 2015/2016, closing at EUR 72.50
on 30 September 2015.

At the Istanbul Stock Exchange, the DO & CO share price increased by 28.8%,
closing at TRY 248.00 on 30 September 2015.

During the reporting period, the ATX decreased from 2,509.82 points on 31
March 2015 to 2,229.49 points on 30 September 2015, equivalent to a
decrease of 11.2%.

The Turkish BIST 100 index decreased by 8.2%, closing at 74,205.47 points
on 30 September 2015.

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
015.pdf

19.11.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language: English
Company: DO & CO Aktiengesellschaft
Stephansplatz 12
1010 Wien
Austria
Phone: +43 1 74000-0
Fax: +43 1 74000-1089
E-mail: investor.relations@doco.com
Internet: www.doco.com
ISIN: AT0000818802
WKN: 81880
Listed: Regulated Unofficial Market in Berlin, Munich, Stuttgart;
Wien (Amtlicher Handel / Official Market)

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