Ad-hoc | 9 February 2012 09:24
DO & CO Restaurants & Catering AG / Key word(s): Quarter Results 09.02.2012 09:24 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 2011/2012 (unaudited) SALES: EUR 361.8 million EBITDA: EUR 37.2 million EBIT: EUR 24.9 million Sales and earnings pushed up again, in spite of a difficult market New customers acquired in all divisions and regions Quality-focused business model ensures high capacity utilisation rates Vienna, February 9, 2012. DO & CO Restaurants & Catering AG today announced its results for the first nine months of the financial year 2011/2012 (1 April 2011 to 31 December 2011) in accordance with IFRS.Group Q1-3 2011/12in Q1-3 2010/11in Changein Change Mio EUR Mio EUR Mio EUR in % Sales 361.8 330.5 31.4 9.5% EBITDA 37.2 32.9 4.3 13.0% Depreciation/ -12.3 -13.4 1.1 8.3% amortization EBIT 24.9 19.5 5.4 27.6% Profit before 27.3 21.4 5.9 27.6% taxes Consolidated 14.9 10.3 4.6 44.9% result EBITDA margin 10.3% 10.0% EBIT margin 6.9% 5.9%In the first nine months of the financial year of 2011/2012, DO & CO reports total sales of EUR 361.8 million, which represents an increase of EUR 31.4 million or 9.5% compared to the previous year (PY: EUR 330.5 million). The consolidated EBIT of the DO & CO Group for the first nine months of the financial year of 2011/2012 amounts to EUR 24.9 million which represents an increase of EUR 5.4 million compared to the previous year (PY: EUR 19.5 million). EBITDA increased from EUR 32.9 million by EUR 4.3 million to EUR 37.2 million. EBIT margin rose from 5.9% to 6.9% and EBITDA margin rose from 10.0% to 10.3%. The net result rose from EUR 10.3 million to EUR 14.9 million in the first nine months of the financial year of 2011/2012 Airline CateringAirline Catering Q1-3 2011/12in Q1-3 2010/11in Changein Change Mio EUR Mio EUR Mio EUR in % Sales 269.5 251.8 17.7 7.0% EBITDA 28.5 25.8 2.7 10.6% Depreciation/ -10.9 -11.4 0.4 3.8% amortization EBIT 17.6 14.4 3.2 21.9% EBITDA margin 10.6% 10.2% EBIT margin 6.5% 5.7%Sales of the Airline Catering division amount to EUR 269.5 million (PY: EUR 251.8 million). EBITDA increased by EUR 2.7 million from EUR 25.8 million to EUR 28.5 million in the first nine months of 2011/2012. EBITDA margin amounts to 10.6% (PY: 10.2%). EBIT increased from EUR 14.4 million to EUR 17.6 million for an EBIT margin of 6.5% (PY: 5.7%). International Event CateringInternational Q1-3 2011/12in Q1-3 2010/11in Changein Change Event Catering Mio EUR Mio EUR Mio EUR in % Sales 39.7 31.5 8.2 26.1% EBITDA 4.4 3.4 1.0 28.2% Depreciation/ -0.6 -0.8 0.2 25.3% amortization EBIT 3.8 2.7 1.2 43.7% EBITDA margin 11.1% 10.9% EBIT margin 9.7% 8.5%Sales of the International Event Catering division amount to EUR 39.7 million (PY: EUR 31.5 million). EBITDA increased from EUR 3.4 million to EUR 4.4 million in the first nine months of the financial year of 2011/2012. EBIT amounts to EUR 3.8 million (PY: EUR 2.7 million). EBITDA margin amounts to 11.1% (PY: 10.9%), EBIT margin amounts to 9.7% (PY: 8.5%). Restaurants, Lounges & HotelRestaurants, Q1-3 2011/12in Q1-3 2010/11in Changein Change Lounges & Hotel Mio EUR Mio EUR Mio EUR in % Sales 52.6 47.2 5.4 11.5% EBITDA 4.2 3.7 0.6 15.7% Depreciation/ -0.8 -1.3 0.5 37.5% amortization EBIT 3.4 2.4 1.1 44.1% EBITDA margin 8.1% 7.8% EBIT margin 6.5% 5.1%Sales of the Restaurants, Lounges & Hotel division amount to EUR 52.6 million (PY: EUR 47.2 million). EBITDA amounts to EUR 4.2 million (PY: EUR 3.7 million) in the first nine months of the financial year 2011/2012. EBITDA margin amounts to 8.1% (PY: 7.8%). EBIT increased from EUR 2.4 million to EUR 3.4 million. EBIT margin amounts to 6.5% (PY: 5.1%). Stock In the first nine months of 2011/2012, the price of DO & CO stock decreased by 13.3% on the Vienna Stock Exchange, trading at EUR 26.14 at the closure of 29 December 2011. Compared to this, the Austrian ATX index lost 34.4% over the same period, closing at 1,891.68 points on 29 December 2011. At the Istanbul Stock Exchange, DO & CO stock decreased by 1.6% over the same period, closing with a price of TRY 63.50 at the Istanbul Stock Exchange on 30 December 2011. With this decrease, the DO & CO stock performed much better than the Turkish ISE100 index which fell by 20.4% to 51,266.62 points in the same period. Key Figures of the DO & CO GroupKey Figures Q3 Q3 Q1-3 Q1-3 2011/12 2010/11 2011/12 2010/11 Equity1 m 158.5 142.5 158.5 142.5 EUR Equity ratio1 % 58.2% 58.4% 58.2% 58.4% Total assets m 276.3 247.9 276.3 247.9 EUR Net debts m -86.0 -105.7 -86.0 -105.7 EUR Employees 3,977 3,747 4,124 3,778 Operative cash-flow m 14.7 8.2 35.9 48.8 EUR cash-flow from investing m -24.3 -2.0 -51.1 -11.5 activities EUR EBITDA per share EUR 1.05 1.08 3.81 4.17 EBIT per share EUR 0.61 0.51 2.55 2.47 Earnings per share EUR 0.38 0.31 1.53 1.30 High2 EUR 35.30 29.90 35.30 29.90 Low2 EUR 23.50 19.50 23.50 15.00 Price at the end of the EUR 26.14 29.75 26.14 29.75 period2 Weighted number of shares3 TPie 9,744 8,347 9,744 7,886 Number of shares at the end TPie 9,744 9,744 9,744 9,744 of the period3 Market capitalization at the m 254.7 289.9 254.7 289.9 end of the period EUR1.Adjusted to take bookvalue of goodwill into account 2.Closing price 3.Adjusted by own shares held 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. 09.02.2012 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 ---------------------------------------------------------------------------