Ad-hoc | 10 February 2011 09:11
DO & CO Restaurants & Catering AG / Key word(s): Quarter Results 10.02.2011 09:11 Dissemination of an Ad hoc announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Results for the first nine months of the financial year 2010/2011 (unaudited) SALES: EUR 330.5 million EBITDA: EUR 32.9 million EBIT: EUR 19.5 million Strong international growth sustained Sales and results improved again Successful retail launch of the HENRY gourmet brand First foreign company to be listed at the Istanbul Stock Exchange Vienna, February 10, 2011. DO & CO Restaurants & Catering AG today announced its results for the first nine months of the financial year 2010/2011 (1 April 2010 to 31 December 2010) in accordance with IFRS.Group Q1-3 2010/11in Q1-3 2009/10in Change in Change Mio EUR Mio EUR Mio EUR in % Sales 330.5 271.5 59.0 21.7% EBITDA 32.9 26.1 6.8 26.1% Depreciation/ -13.4 -12.6 -0.9 -6.8% amortization EBIT 19.5 13.5 6.0 44.2% EBITDA margin 10.0% 9.6% EBIT margin 5.9% 5.0%In the first nine months of 2010/2011, DO & CO reports total sales of EUR 330.5 million, which represents an increase of EUR 59.0 million or 21.7% compared with the first nine months of the previous year (PY: EUR 271.5 million). The consolidated EBIT of the DO & CO Group for the first nine months of 2010/2011 amounts to EUR 19.5 million which represents an increase of EUR 6.0 million compared to the previous year (PY: EUR 13.5 million). EBITDA increased from EUR 26.1 million by EUR 6.8 million to EUR 32.9 million. EBIT margin rose from 5.0% to 5.9% and EBITDA margin rose from 9.6% to 10.0%. Airline CateringAirline Q1-3 2010/11in Q1-3 2009/10in Change in Change Catering Mio EUR Mio EUR Mio EUR in % Sales 251.8 197.7 54.1 27.3% EBITDA 25.8 19.8 6.0 30.6% Depreciation/ -11.4 -10.4 -1.0 -9.3% amortization EBIT 14.4 9.4 5.1 54.2% EBITDA margin 10.2% 10.0% EBIT margin 5.7% 4.7%Sales of the Airline Catering division amount to EUR 251.8 million (PY: EUR 197.7 million). EBITDA increased by EUR 6.0 million from EUR 19.8 million for the first nine months of 2009/2010 to EUR 25.8 million for the first nine months of 2010/2011. EBITDA margin amounts to 10.2% (PY: 10.0%). EBIT increased from EUR 9.4 million to EUR 14.4 million for an EBIT margin of 5.7% (PY: 4.7%). International Event CateringInternational Q1-3 2010/11in Q1-3 2009/10in Change in Change Event Catering Mio EUR Mio EUR Mio EUR in % Sales 31.5 27.5 4.0 14.4% EBITDA 3.4 2.9 0.6 19.7% Depreciation/ -0.8 -0.7 -0.1 -18.2% amortization EBIT 2.7 2.2 0.4 20.2% EBITDA margin 10.9% 10.5% EBIT margin 8.5% 8.1%Sales of the International Event Catering division amount to EUR 31.5 million (PY: EUR 27.5 million). EBITDA increased from EUR 2.9 million to EUR 3.4 million in the first nine months of 2010/2011. EBIT amounts to EUR 2.7 million (PY: EUR 2.2 million). EBITDA margin amounts to 10.9% (PY: 10.5%), EBIT margin amounts to 8.5% (PY: 8.1%). Restaurants, Lounges & HotelRestaurants, Q1-3 2010/11in Q1-3 2009/10in Change in Change Lounges & Hotel Mio EUR Mio EUR Mio EUR in % Sales 47.2 46.2 0.9 2.0% EBITDA 3.7 3.4 0.2 6.2% Depreciation/ -1.3 -1.5 0.2 15.8% amortization EBIT 2.4 1.9 0.5 23.3% EBITDA margin 7.8% 7.5% EBIT margin 5.1% 4.2%Sales of the Restaurants, Lounges & Hotel division amount to EUR 47.2 million (PY: EUR 46.2 million). EBITDA amounts to EUR 3.7 million (PY: EUR 3.4 million) in the first nine months of the business year 2010/2011. EBITDA margin amounts to 7.8% (PY: 7.5%). EBIT increased from EUR 1.9 million to EUR 2.4 million in the first nine months of the business year 2010/2011. EBIT margin amounts to 5.1% (PY: 4.2%). Stock Rising by 85.9% in the first three quarters of 2010/2011, the DO & CO share gave an excellent performance. The closing price on 30 December 2010 was EUR 29.75, corresponding to a market capitalisation of EUR 289.88 million. 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 www.doco.com. 10.02.2011 DGAP's 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 Restaurants & Catering AG Stephansplatz 12 1010 Wien Österreich 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 ---------------------------------------------------------------------------