Ad-hoc | 7 June 2011 09:16
DO & CO Restaurants & Catering AG / Key word(s): Final Results 07.06.2011 09:16 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 financial year 2010/2011 SALES: EUR 426.1 million EBITDA: EUR 45.8 million EBIT: EUR 28.3 million Further increase in sales and revenues Quality strategy generates strong international growth New 'HENRY' gourmet brand about to expand Successful double listing on stock exchanges in Istanbul and Vienna Vienna, June 7, 2011. DO & CO Restaurants & Catering AG today announced its results for the financial year 2010/2011 (1 April 2010 to 31 March 2011) in accordance with IFRS.Group FY 2010/11in FY 2009/10in Changein Mio Change Mio EUR Mio EUR EUR in % Sales 426.1 352.7 73.3 20.8% EBITDA 45.8 36.0 9.8 27.2% Depreciation/ -17.5 -17.5 -0.1 -0.4% Impairment EBIT 28.3 18.6 9.8 52.5% EBITDA margin 10.8% 10.2% EBIT margin 6.6% 5.3%In the financial year of 2010/2011, DO & CO reports total sales of EUR 426.1 million, which represents an increase of EUR 73.3 million or 20.8% compared to the previous year (PY: EUR 352.7 million). The consolidated EBIT of the DO & CO Group for the financial year of 2010/2011 amounts to EUR 28.3 million which represents an increase of EUR 9.8 million compared to the previous year (PY: EUR 18.6 million). EBITDA increased from EUR 36.0 million by EUR 9.8 million to EUR 45.8 million. EBIT margin rose from 5.3% to 6.6% and EBITDA margin rose from 10.2% to 10.8%. The net result amounts to EUR 15.4 million (PY: EUR 9.7 million). Airline CateringAirline FY 2010/11in FY 2009/10in Changein Mio Change Catering Mio EUR Mio EUR EUR in % Sales 327.2 258.6 68.6 26.5% EBITDA 36.9 27.7 9.2 33.4% Depreciation/ -14.8 -14.5 -0.3 -1.9% Impairment EBIT 22.1 13.2 9.0 67.9% EBITDA margin 11.3% 10.7% EBIT margin 6.8% 5.1%Sales of the Airline Catering division amount to EUR 327.2 million (PY: EUR 258.6 million). EBITDA increased by EUR 9.2 million from EUR 27.7 million in the financial year of 2009/2010 to EUR 36.9 million for the financial year 2010/2011. EBITDA margin amounts to 11.3% (PY: 10.7%). EBIT increased from EUR 13.2 million to EUR 22.1 million for an EBIT margin of 6.8% (PY: 5.1%). International Event CateringInternational Event FY 2010/11in FY 2009/10in Changein Mio Change Catering Mio EUR Mio EUR EUR in % Sales 36.6 34.0 2.7 7.8% EBITDA 4.3 4.0 0.4 8.8% Depreciation/ -1.1 -1.0 -0.1 -7.9% Impairment EBIT 3.3 3.0 0.3 9.2% EBITDA margin 11.8% 11.7% EBIT margin 8.9% 8.8%Sales of the International Event Catering division amount to EUR 36.6 million (PY: EUR 34.0 million). EBITDA increased from EUR 4.0 million to EUR 4.3 million in the financial year of 2010/2011. EBIT amounts to EUR 3.3 million (PY: EUR 3.0 million). EBITDA margin amounts to 11.8% (PY: 11.7%), EBIT margin amounts to 8.9% (PY: 8.8%). Restaurants, Lounges & HotelRestaurants, FY 2010/11in FY 2009/10in Changein Mio Change Lounges & Hotel Mio EUR Mio EUR EUR in % Sales 62.2 60.2 2.1 3.4% EBITDA 4.6 4.4 0.2 5.4% Depreciation/ -1.7 -2.0 0.3 14.3% Impairment EBIT 2.9 2.4 0.5 21.9% EBITDA margin 7.4% 7.3% EBIT margin 4.7% 4.0%Sales of the Restaurants, Lounges & Hotel division amount to EUR 62.2 million (PY: EUR 60.2 million). EBITDA amounts to EUR 4.6 million (PY: EUR 4.4 million) in the financial year 2010/2011. EBITDA margin amounts to 7.4% (PY: 7.3%). EBIT increased from EUR 2.4 million to EUR 2.9 million in the financial year 2010/2011. EBIT margin amounts to 4.7% (PY: 4.0%). Stock Rising by 88.4% in the financial year of 2010/2011, the DO & CO share gave an excellent performance. The closing price on 31 March 2011 was EUR 30.15, corresponding to a market capitalisation of EUR 293.8 million. The Management Board will propose to the General Meeting of Shareholders that a dividend of EUR 0.35 per share shall be distributed for the financial year 2010/2011. 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 www.doco.com. 07.06.2011 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 ---------------------------------------------------------------------------