Ad-hoc | 17 November 2011 09:19
DO & CO Restaurants & Catering AG / Key word(s): Half Year Results 17.11.2011 09:19 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 six months of the financial year 2011/2012 SALES: EUR 244.5 million EBITDA: EUR 27.0 million EBIT: EUR 18.9 million DO & CO continues to grow, in spite of a difficult market Sales and earnings boosted Quality strategy prevails Vienna, November 17, 2011. DO & CO Restaurants & Catering AG today announced its results for the first six months of the financial year 2011/2012 (1 April 2011 to 30 September 2011) in accordance with IFRS.Group HY1 2011/12in HY1 2010/11in Changein Mio Change Mio EUR Mio EUR EUR in% Sales 244.5 222.7 21.8 9.8% EBITDA 27.0 23.9 3.1 12.8% Depreciation/ -8.1 -8.7 0.6 6.9% amortization EBIT 18.9 15.2 3.7 24.1% EBITDA margin 11.0% 10.7% EBIT margin 7.7% 6.8%In the first six months of the financial year 2011/2012, DO & CO reports total sales of EUR 244.5 million, which represents an increase of EUR 21.8 million or 9.8% compared with the first six months of the previous year (PY: EUR 222.7 million). The consolidated EBIT of the DO & CO Group for the first six months of the financial year 2011/2012 amounts to EUR 18.9 million which represents an increase of EUR 3.7 million compared to the previous year (PY: EUR 15.2 million). EBITDA increased from EUR 23.9 million by EUR 3.1 million to EUR 27.0 million. EBIT margin rose from 6.8% to 7.7% and EBITDA margin rose from 10.7% to 11.0%. Airline CateringAirline Catering HY1 2011/12in HY1 2010/11in Changein Mio Change Mio EUR Mio EUR EUR in% Sales 182.8 170.6 12.3 7.2% EBITDA 21.2 19.2 2.0 10.4% Depreciation/ -7.2 -7.3 0.1 1.7% amortization EBIT 14.0 11.9 2.1 17.9% EBITDA margin 11.6% 11.3% EBIT margin 7.7% 7.0%Sales of the Airline Catering division amount to EUR 182.8 million (PY: EUR 170.6 million). EBITDA increased by EUR 2.0 million from EUR 19.2 million for the first six months of the financial year 2010/2011 to EUR 21.2 million for the first six months of the financial year 2011/2012. EBITDA margin amounts to 11.6% (PY: 11.3%). EBIT increased from EUR 11.9 million to EUR 14.0 million for an EBIT margin of 7.7% (PY: 7.0%). International Event CateringInternational HY1 2011/12in HY1 2010/11in Changein Change Event Catering Mio EUR Mio EUR Mio EUR in% Sales 28.5 22.6 6.0 26.4% EBITDA 3.1 2.4 0.7 28.4% Depreciation/ -0.4 -0.5 0.1 27.3% amortization EBIT 2.8 1.9 0.8 43.1% EBITDA margin 10.9% 10.8% EBIT margin 9.7% 8.5%Sales of the International Event Catering division amount to EUR 28.5 million (PY: EUR 22.6 million). EBITDA increased from EUR 2.4 million to EUR 3.1 million in the first six months of the financial year 2011/2012. EBIT amounts to EUR 2.8 million (PY: EUR 1.9 million). EBITDA margin amounts to 10.9% (PY: 10.8%), EBIT margin amounts to 9.7% (PY: 8.5%). Restaurants, Lounges & HotelRestaurants, HY1 2011/12in HY1 2010/11in Changein Change Lounges & Hotel Mio EUR Mio EUR Mio EUR in% Sales 33.1 29.6 3.6 12.0% EBITDA 2.7 2.3 0.4 16.2% Depreciation/ -0.5 -0.9 0.3 39.1% amortization EBIT 2.1 1.4 0.7 49.7% EBITDA margin 8.0% 7.8% EBIT margin 6.5% 4.8%Sales of the Restaurants, Lounges & Hotel division amount to EUR 33.1 million (PY: EUR 29.6 million). EBITDA amounts to EUR 2.7 million (PY: EUR 2.3 million) in the first six months of the financial year 2011/2012. EBITDA margin amounts to 8.0% (PY: 7.8%). EBIT increased from EUR 1.4 million to EUR 2.1 million in the first six months of the financial year 2011/2012. EBIT margin amounts to 6.5% (PY: 4.8%). Stock In the first six months of the financial year 2011/2012, the price of DO & CO stock rose by 10.3% on the Vienna Stock Exchange, trading at a price of EUR 27.04 at the closure of 30 September 2011. Compared to this, the Austrian ATX index lost 32.4% over the same period, closing at 1,947.85 points on 30 September 2011. At the Istanbul Stock Exchange, DO & CO stock achieved a slight rise of 3.9% over the same period, closing with a price of TRY 67.00 at the ISE100 on 30 September 2011. With this increase, the DO & CO stock grew at a markedly better rate than the Turkish ISE100 index which fell by 7.3% to 59,693.47 points in the same period. 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. 17.11.2011 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 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 ---------------------------------------------------------------------------