DO & CO AG — Interim / Quarterly Report 2005

Nov 17, 2005

News Details

Ad-hoc | 17 November 2005 08:50

Ad hoc announcement

DO & CO: First Half Year 2005/2006 DO & CO Restaurants & Catering AG Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— SALES: – 13.0 % to EUR 70.03 million EBIT INCREASE: + 12.1 % to EUR 3.81 million RESULTS IMPROVED IN ALL DIVISIONS – SALES DOWN after boost from EURO 2004 DO & CO Restaurants & Catering AG today announced its results for the first half of business year 2005/2006 (1 April 2005 to 30 September 2005) in accordance with IFRS. DO & CO achieved total sales of EUR 70.03 million in this period, which represents a decrease of 13.0 % over the same period last year. The difference in sales can be attributed entirely to the one-off effect of the catering contract for the 2004 European Football Championships last year. This change decreased sales in the International Event Catering division from EUR 35.32 million to EUR 18.94 million, a change of EUR 16.38 million or 46.4 %. In the Airline Catering division, sales were increased to EUR 36.43 million, up by 6.1 % from EUR 34.32 million last year. The Restaurants & Bars division posted sales growth of EUR 3.83 million (plus 35.4 %) to EUR 14.66 million. This gain can above all be attributed to the successful operation of the LUFTHANSA first class lounges at Frankfurt airport and the inclusion of the activities at DO & CO PLATINUM in Vienna. The DO & CO Group saw its consolidated EBIT after goodwill amortization rise by 12.1 % from EUR 3.40 million to EUR 3.81 million in the first half of 2005/2006. EBITDA came in at EUR 6.24 million (previous year: EUR 6.17 million), and the EBITDA margin at 8.9 % (previous year: 7.7 %). AIRLINE CATERING – EBITDA of the Airline Catering division stabilized at EUR 3.13 million (previous year: EUR 3.10 million). EBIT grew from EUR 1.62 million to EUR 1.83 million. INTERNATIONAL EVENT CATERING – The low level of sales is reflected in a slight EUR 0.06 million or 2.4 % decrease in EBITDA to EUR 2.43 million (previous year: EUR 2.49 million). EBIT grew by EUR 0.15 million or 8.7 % to EUR 1.88 million (previous year: EUR 1.73 million). The EBIT margin doubled from 4.9 % to 9.9 %. RESTAURANTS & BARS – EBITDA increased by EUR 0.10 million to EUR 0.68 million (previous year: EUR 0.58 million). EBIT increased by EUR 0.05 million to EUR 0.10 million in spite of a slight increase in amortization. STOCK – DO & CO’s share price posted a significant gain of 47.4 % from 1 January 2005 to 8 November 2005. Further information: http://www.doco.com/investor.htm DO & CO Restaurants & Catering AG Stephansplatz 12 1010 Wien Austria ISIN: AT0000818802 WKN: 081880 Listed: Amtlicher Handel in Wien End of ad hoc announcement (c)DGAP 17.11.2005