DO & CO AG — Earnings Release 2016

Aug 18, 2016

News Details

Ad-hoc | 18 August 2016 09:07

DO & CO Aktiengesellschaft:

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

18.08.2016 09:07

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of 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 2016/2017 (unaudited)

SALES: EUR 254.5 m
EBITDA: EUR 22.9 m
EBIT: EUR 14.4 m

sales and profits further increased
two new gourmet kitchens planned in Los Angeles and Paris
first Nespresso Café opened in London

Vienna, August 18, 2016. DO & CO Aktiengesellschaft today announces its
results for the first quarter of the business year 2016/2017 (1 April 2016
to 30 June 2016) in accordance with IFRS as adopted in the European Union.

Group Q1 2016/17 Q1 2015/161 Change Change
in mEUR in mEUR in mEUR in %
Sales 254.5 229.4 25.1 10.9%
EBITDA 22.9 21.1 1.8 8.6%
Amortisation / -8.5 -8.0 -0.5 -6.8%
depreciation and
impairments
EBIT 14.4 13.2 1.3 9.7%
Profit before 13.7 13.7 0.0 0.2%
taxes
Net result 6.8 6.7 0.1 1.5%

EBITDA margin 9.0% 9.2%
EBIT margin 5.7% 5.7%

1. 1st Quarter 2015/16 adjusted

In the first quarter of business year 2016/2017, DO & CO reports sales of
EUR 254.5m (PY: EUR 229.4m) which represents an increase of EUR 25.1m or
10.9% compared to the same period in the previous year. EBITDA increased
from EUR 21.1m to EUR 22.9m by EUR 1.8m. EBITDA margin amounts to 9.0% (PY:
9.2%). The consolidated EBIT of the DO & CO Group for the first quarter of
business year 2016/2017 amounts to EUR 14.4m which represents an increase
of EUR 1.3m compared to the same period in the previous year (EUR 13.2m).
EBIT margin amounts to 5.7% in the first quarter of the business year
2016/2017 (PY: 5.7%). The net result of the first quarter of the business
year 2016/2017 amounts to EUR 6.8m (PY: EUR 6.7m). Earnings per share of
the first quarter of the business year 2016/2017 amount to EUR 0.69 (PY:
EUR 0.68).

Airline Catering

Airline Catering Q1 2016/17 Q1 2015/161 Change Change
in mEUR in mEUR in mEUR in %
Sales 158.6 151.0 7.5 5.0%
EBITDA 15.8 16.3 -0.5 -2.8%
Amortisation / -6.4 -5.1 -1.4 -26.9%
depreciation and
impairments
EBIT 9.4 11.2 -1.8 -16.3%

EBITDA margin 10.0% 10.8%
EBIT margin 5.9% 7.4%

1. 1st Quarter 2015/16 adjusted

Sales of the Airline Catering division amount to EUR 158.6m in the first
quarter of the business year 2016/2017 (PY: EUR 151.0m). EBITDA decreased
from EUR 16.3m to EUR 15.8m in the first quarter of the business year
2016/2017 compared to the same period in the previous year. EBITDA margin
amounts to 10.0% (PY: 10.8%). EBIT decreased from EUR 11.2m to EUR 9.4m
resulting in an EBIT margin of 5.9% (PY: 7.4%).

International Event Catering

International Q1 2016/17 Q1 2015/16 Change Change
Event Catering in mEUR in mEUR in mEUR in %
Sales 54.0 36.4 17.6 48.3%
EBITDA 5.3 3.1 2.3 74.2%
Amortisation / -1.3 -1.1 -0.2 -16.0%
depreciation
EBIT 4.0 1.9 2.1 107.6%

EBITDA margin 9.8% 8.4%
EBIT margin 7.5% 5.3%

Sales of the International Event Catering division amount to EUR 54.0m in
the first quarter of the business year 2016/2017 (PY: EUR 36.4m). EBITDA
increased in the first quarter of the business year 2016/2017 from EUR 3.1m
to EUR 5.3m compared to the same period in the previous year. EBITDA margin
amounts to 9.8% (PY: 8.4%). EBIT amounts to EUR 4.0m (PY: EUR 1.9m), EBIT
margin amounts to 7.5% (PY: 5.3%).

Restaurants, Lounges & Hotel

Restaurants, Q1 2016/17 Q1 2015/16 Change Change
Lounges in mEUR in mEUR in mEUR in %
& Hotel
Sales 41.9 42.0 -0.1 -0.2%
EBITDA 1.8 1.8 0.0 0.1%
Amortisation / -0.8 -1.8 1.0 56.5%
depreciation
EBIT 1.1 0.1 1.0 1927.8%

EBITDA margin 4.4% 4.4%
EBIT margin 2.5% 0.1%

Sales of the Restaurants, Lounges & Hotel division amount to EUR 41.9m in
the first quarter of the business year 2016/2017 (PY: EUR 42.0m). EBITDA
amounts to EUR 1.8m (PY: EUR 1.8m). EBITDA margin amounts to 4.4% (PY:
4.4%). EBIT amounts to EUR 1.1m in the first quarter of the business year
2016/2017 (PY: EUR 0.1m). EBIT margin amounts to 2.5% (PY: 0.1%).

Key Figures Q1 2016/17 Q1 2015/161
in mEUR in mEUR

Sales mEUR 254.5 229.4
EBITDA mEUR 22.9 21.1
EBITDA margin % 9.0% 9.2%
EBIT mEUR 14.4 13.2
EBIT margin % 5.7% 5.7%
Net result mEUR 6.8 6.7

Employees 10,093 9,532

Equity2,3 mEUR 253.7 237.1
Equity ratio2, 3 % 37.5% 38.7%
Net debt mEUR -26.9 95.2
Net gearing2 % -10.6% 40.1%
Working capital2 mEUR -28.2 7.0

Cash flow from operating mEUR 32.9 18.7
activities
Cash flow from investing mEUR -22.3 -14.3
activities
Free cash flow mEUR 10.6 4.4

EBITDA per share EUR 2.36 2.17
EBIT per share EUR 1.48 1.35
Earnings per share EUR 0.69 0.68
High4 EUR 107.60 85.00
Low4 EUR 78.00 64.03
Price at the end of the EUR 78.90 84.05
period4
Number of shares at the TPie 9,744 9,744
end of the period
Market capitalization at mEUR 768.8 819.0
the end of the period

1 . 1st Quarter 2015/16 adjusted
2 . Adjusted by proposed dividend payments
3 . Calculation method changed compared to the previous year
4 . Closing price

Stock

After the share price had gained more than 50% on the Vienna Stock Exchange
and 75% on the Istanbul Stock Exchange in the past business year 2015/2016,
DO & CO's shares were subject to a decline in the first quarter of the
business year 2016/2017.

At the Vienna Stock Exchange, the DO & CO share price decreased by 25.6% in
the first quarter of the business year 2016/2017, closing at EUR 78.90 on
30 June 2016.

At the Istanbul Stock Exchange, the DO & CO share price decreased by 25.3%,
closing at TRY 252.30 on 30 June 2016.

During the reporting period, the ATX decreased from 2,270.38 points on 31
March 2016 to 2,095.96 points on 30 June 2016, equivalent to a decrease of
7.7%.

The Turkish BIST 100 index decreased by 7.7%, closing at 76,817.19 points
on 30 June 2016.

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/
q1_2016.pdf

18.08.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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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)

End of Announcement DGAP News-Service

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