DO & CO Aktiengesellschaft

  • WKN: 81880
  • ISIN: AT0000818802
  • Land: Österreich

Nachricht vom 12.02.2015 | 10:02

DO & CO Aktiengesellschaft:


DO & CO Aktiengesellschaft  / Key word(s): Interim Report

12.02.2015 10:02

Dissemination of an Ad hoc announcement, transmitted by DGAP - a service of
EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Results for the first three quarters of the financial year 2014/2015 SALES: EUR 597.8 million EBITDA: EUR 58.9 million EBIT: EUR 39.7 million continuous increase in sales and earnings unique business model with a range of brands and divisions secures sustainable growth quality and innovation as core differentiation tools Vienna, February 12, 2015. DO & CO Aktiengesellschaft today announced its results for the first three quarters of the financial year 2014/2015 (1 April 2014 to 31 December 2014) in accordance with IFRS.

Group                     Q1-Q3 2014/15 Q1-Q3 2013/14     Change Change
                             in Mio EUR    in Mio EUR in Mio EUR   in %
Sales                             597.8         482.8      115.0  23.8%
EBITDA                             58.9          47.6       11.3  23.7%
Depreciation/Impairment           -19.2         -13.6       -5.5 -40.7%
EBIT                               39.7          34.0        5.7  16.9%
Profit before taxes                49.8          35.4       14.3  40.5%
Consolidated result                28.8          19.7        9.1  46.1%

EBITDA margin                      9.9%          9.9%
EBIT margin                        6.6%          7.0%


In the first three quarters of the financial year 2014/2015, DO & CO reports total sales of EUR 597.8 million which represents an increase of EUR 115.0 million or 23.8% compared to the previous year (PY: EUR 482.8 million). EBITDA increased from EUR 47.6 million by EUR 11.3 million to EUR 58.9 million. EBITDA margin amounts to 9.9 %. The consolidated EBIT of the DO & CO Group for the first three quarters of the financial year 2014/2015 amounts to EUR 39.7 million which represents an increase of EUR 5.7 million compared to the previous year (PY: EUR 34.0 million). EBIT margin amounts to 6.6 %. The net result of the first three quarters of the financial year 2014/2015 amounts to EUR 28.8 million (PY: EUR 19.7 million). Earnings per share increased from EUR 2.03 to EUR 3.00 in the first three quarters of the financial year 2014/2015. Airline Catering

Airline Catering          Q1-Q3 2014/15 Q1-Q3 2013/14     Change Change
                             in Mio EUR    in Mio EUR in Mio EUR   in %
Sales                             397.3         346.8       50.6  14.6%
EBITDA                             43.9          36.6        7.3  20.1%
Depreciation/Impairment           -13.0         -10.6       -2.4 -23.0%
EBIT                               30.9          26.0        4.9  18.9%

EBITDA margin                     11.0%         10.5%
EBIT margin                        7.8%          7.5%


Sales of the Airline Catering division amount to EUR 397.3 million (PY: EUR 346.8 million). EBITDA increased from EUR 36.6 million to EUR 43.9 million. EBITDA margin amounts to 11.0% (PY: 10.5%). EBIT increased from EUR 26.0 million to EUR 30.9 million for an EBIT margin of 7.8% (PY: 7.5%). International Event Catering

International        Q1-Q3 2014/15   Q1-Q3 2013/14       Change    Change
                        in Mio EUR      in Mio EUR   in Mio EUR      in %
Event Catering
Sales                         76.2            43.8         32.3     73.8%
EBITDA                         6.9             5.0          1.9     37.4%
Depreciation                  -3.3            -1.0         -2.3   -233.0%
EBIT                           3.6             4.0         -0.4    -10.8%

EBITDA margin                 9.0%           11.4%
EBIT margin                   4.7%            9.2%


Sales of the International Event Catering division amount to EUR 76.2 million (PY: EUR 43.8 million). EBITDA increased from EUR 5.0 million to EUR 6.9 million in the first three quarters of the financial year 2014/2015. EBITDA margin amounts to 9.0% (PY: 11.4%). EBIT amounts to EUR 3.6 million (PY: EUR 4.0 million), EBIT margin amounts to 4.7% (PY: 9.2%). Restaurants, Lounges & Hotel

Restaurants, Lounges      Q1-Q3 2014/15  Q1-Q3 2013/14      Change  Change
                             in Mio EUR     in Mio EUR  in Mio EUR    in %
& Hotel
Sales                             124.3           92.2        32.0   34.7%
EBITDA                              8.1            6.1         2.1   34.2%
Depreciation                       -2.8           -2.0        -0.8  -39.6%
EBIT                                5.3            4.0         1.3   31.4%

EBITDA margin                      6.5%           6.6%
EBIT margin                        4.3%           4.4%


Sales of the Restaurants, Lounges & Hotel division amount to EUR 124.3 million (PY: EUR 92.2 million). EBITDA amounts to EUR 8.1 million (PY: EUR 6.1 million) in the first three quarters of the financial year 2014/2015. EBITDA margin amounts to 6.5% (PY: 6.6%). EBIT amounts to EUR 5.3 million. EBIT margin amounts to 4.3% (PY: 4.4%).

Key Figures                                        Q1-Q3 2014/  Q1-Q3 2013/
                                                            15           14
                                                    in Mio EUR   in Mio EUR

Sales                                    m EUR           597.8        482.8
EBITDA                                   m EUR            58.9         47.6
EBITDA margin                            %                9.9%         9.9%
EBIT                                     m EUR            39.7         34.0
EBIT margin                              %                6.6%         7.0%
Net result                               m EUR            28.8         19.7

Employees                                                8,683        7,080

Equity1                                  m EUR           209.9        191.0
Equity ratio1                            %               37.5%        54.5%
Net debts                                m EUR            93.9        -21.9
Net gearing                              %               44.8%       -11.4%
Working capital                          m EUR            48.1         71.2

Operating cash-flow                      m EUR            50.3         31.9
Cash-flow from investing activities      m EUR          -176.0        -51.3
Free cash-flow                           m EUR          -125.8        -19.3

EBITDA per share                         EUR              6.14         4.89
EBIT per share                           EUR              4.14         3.49
Earnings per share                       EUR              3.00         2.03
High2                                    EUR             62.38        40.39
Low2                                     EUR             38.20        31.39
Price at the end of the period2          EUR             62.38        37.15
Number of shares at the end of the       TPie            9,744        9,744
period
Number of weighted shares3               TPie            9,599        9,744
Market capitalization at the end of the  m EUR           607.8        362.0
period


1 . Adjusted to take bookvalue of goodwill into account 2 . Closing price 3 . Adjusted by own shares held during the reporting period Stock At the Vienna Stock Exchange, the DO & CO share price increased by 65.9% in the first three quarters of the financial year 2014/2015, closing at EUR 62.38 on 30 December 2014. At the Istanbul Stock Exchange, the DO & CO share price increased by 58.4%, closing at TRY 179.00 on 31 December 2014. During the reporting period, the ATX decreased from 2,523.82 points on 31 March 2014 to 2,160.08 points on 30 December 2014, equivalent to a decrease of 14.4%. The Turkish BIST 100 index increased by 22.9%, closing at 85,721.13 points. 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/tr/q3_2 014.pdf 12.02.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
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) End of Announcement DGAP News-Service

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