DO & CO AG — Earnings Release 2015

May 31, 2016

News Details

Ad-hoc | 31 May 2016 09:36

DO & CO Aktiengesellschaft:

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

31.05.2016 09:36

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

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Results for the business year 2015/2016

SALES: EUR 916.5 million
EBITDA: EUR 92.7 million
EBIT: EUR 55.5 million

sales and results further increased (sales, EBITDA, EBIT)
strong international growth

Vienna, May 31, 2016. DO & CO Aktiengesellschaft today announced its
results for the business year 2015/2016 (1 April 2015 to 31 March 2016) in
accordance with IFRS.

Group BY 2015/16 BY 2014/151 Change Change
in Mio EUR in Mio EUR in Mio EUR in %
Sales 916.5 798.9 117.5 14.7%
EBITDA 92.7 82.3 10.3 12.5%
Amortisation / -37.2 -28.2 -9.0 -32.0%
depreciation
EBIT 55.5 54.2 1.3 2.4%
Profit before 50.8 61.2 -10.3 -16.9%
taxes
Net result2 28.3 35.1 -6.9 -19.5%

EBITDA margin 10.1% 10.3%
EBIT margin 6.1% 6.8%

1. Business year 2014/2015 adjusted
2. please see explanation regarding net result* below

In the business year 2015/2016, DO & CO reports sales of EUR 916.5 million
(PY: EUR 798.9 million) which represents an increase of EUR 117.5 million
or 14.7% compared to the previous year. EBITDA increased from EUR 82.3
million to EUR 92.7 million by EUR 10.3 million. EBITDA margin amounts to
10.1%. The consolidated EBIT of the DO & CO Group for the business year
2015/2016 amounts to EUR 55.5 million which represents an increase of EUR
1.3 million compared to the previous year (EUR 54.2 million). EBIT margin
amounts to 6.1% in the business year 2015/2016. The net result* of the
business year 2015/2016 amounts to EUR 28.3 million (PY: EUR 35.1 million).
In the net result of the previous year a positive one-off effect of EUR
11.4 million was included. This positive one off effect is due to the total
return equity swap measured at fair value through profit or loss (a
derivative transaction carried out with UniCredit Bank Austria AG).
Adjusted for this one-off effect, the net result of the previous period
stands at EUR 23.7 million. Thus, the net result of the business year
2015/2016 exceeds the net result of the previous period, adjusted by this
one-off effect, by EUR 4.6 million or 19.2 %. Earnings per share of the
business year 2015/2016 amount to EUR 2.90 (PY: EUR 3.64). Earnings per
share are up by EUR 0.44 compared to the previous year, adjusted for the
one-off effect resulting from the total return equity swap entered into
with UniCredit Bank Austria AG and amounting to EUR 2.46.

Airline Catering

Airline Catering BY 2015/16 BY 2014/151 Change Change
in Mio EUR in Mio EUR in Mio EUR in %
Sales 631.3 533.9 97.4 18.2%
EBITDA 75.3 64.2 11.1 17.3%
Amortisation / -25.4 -18.7 -6.7 -35.7%
depreciation
EBIT 49.9 45.5 4.5 9.8%

EBITDA margin 11.9% 12.0%
EBIT margin 7.9% 8.5%

1. Business year 2014/2015 adjusted

Sales of the Airline Catering division amount to EUR 631.3 million in the
business year 2015/2016 (PY: EUR 533.9 million). EBITDA increased from EUR
64.2 million to EUR 75.3 million in the business year 2015/2016 compared to
the previous year. EBITDA margin amounts to 11.9% (PY: 12.0%). EBIT
increased from EUR 45.5 million to EUR 49.9 million resulting in an EBIT
margin of 7.9% (PY: 8.5%).

International Event Catering

International BY 2015/16 BY 2014/15 Change Change
Event Catering in Mio EUR in Mio EUR in Mio EUR in %
Sales 117.7 101.1 16.6 16.4%
EBITDA 9.3 8.3 1.0 11.9%
Amortisation / -5.1 -4.7 -0.4 -8.9%
depreciation
EBIT 4.2 3.7 0.6 15.7%

EBITDA margin 7.9% 8.2%
EBIT margin 3.6% 3.6%

Sales of the International Event Catering division amount to EUR 117.7
million in the business year 2015/2016 (PY: EUR 101.1 million). EBITDA
increased in the business year 2015/2016 from EUR 8.3 million to EUR 9.3
million compared to previous year. EBITDA margin amounts to 7.9% (PY:
8.2%). EBIT amounts to EUR 4.2 million (PY: EUR 3.7 million), EBIT margin
amounts to 3.6% (PY: 3.6%).

Restaurants, Lounges & Hotel

Restaurants, BY 2015/16 BY 2014/15 Change Change
Lounges in Mio EUR in Mio EUR in Mio EUR in %
& Hotel
Sales 167.5 164.0 3.6 2.2%
EBITDA 8.0 9.8 -1.8 -18.3%
Amortisation / -6.7 -4.8 -1.9 -39.8%
depreciation
EBIT 1.4 5.1 -3.7 -73.3%

EBITDA margin 4.8% 6.0%
EBIT margin 0.8% 3.1%

Sales of the Restaurants, Lounges & Hotel division amount to EUR 167.5
million in the business year 2015/2016 (PY: EUR 164.0 million). EBITDA
amounts to EUR 8.0 million (PY: EUR 9.8 million). EBITDA margin amounts to
4.8% (PY: 6.0%). EBIT amounts to EUR 1.4 million in the business year
2015/2016 (PY: EUR 5.1 million). EBIT margin amounts to 0.8% (PY: 3.1%).

Key Figures BY 2015/16 BY 2014/151
in Mio EUR in Mio EUR

Sales mEUR 916.5 798.9
EBITDA mEUR 92.7 82.3
EBITDA margin % 10.1% 10.3%
EBIT mEUR 55.5 54.2
EBIT margin % 6.1% 6.8%
Net result mEUR 28.3 35.1

Employees 9,655 8,706

Equity2, 3 mEUR 246.1 235.0
Equity ratio2, 3 % 39.2% 39.9%
Net debt mEUR -18.9 96.7
Net gearing % -7.7% 41.1%
Working capital2,3 mEUR -13.8 8.1

Cash flow from operating mEUR 91.7 65.9
activities3
Cash flow from investing mEUR 51.9 -188.9
activities3
Free cash flow3 mEUR 143.6 -123.0

EBITDA per share EUR 9.51 8.55
EBIT per share EUR 5.70 5.62
Earnings per share EUR 2.90 3.64
High4 EUR 106.00 74.00
Low4 EUR 64.03 38.20
Price at the end of the EUR 106.00 69.05
period4
Number of shares at the TPie 9,744 9,744
end of the period
Number of weighted shares5 TPie 9,744 9,635
Market capitalization at mEUR 1,032.9 672.8
the end of the period

1 . Business year 2014/2015 adjusted
2 . Adjusted by proposed dividend payments
3 . Calculation method changed over the previous year
4 . Closing price
5 . Adjusted by own shares hold as of balance sheet day

Stock

At the Vienna Stock Exchange, the DO & CO share price increased by 53.5% in
the business year 2015/2016, closing at EUR 106.00 on 31 March 2016.

At the Istanbul Stock Exchange, the DO & CO share price increased by 75.5%,
closing at TRY 337.90 on 31 March 2016.

During the reporting period, the ATX decreased from 2,509.82 points on 31
March 2015 to 2,270.38 points on 31 March 2016, equivalent to a decrease of
9.5%.

The Turkish BIST 100 index increased by 3.0%, closing at 83,268.04 points
on 31 March 2016.

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:
http://www.doco.com/Portals/8/berichte/jahres-und-quartalsberichte/en/
q4_2015.pdf

31.05.2016 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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