Ad-hoc | 16 August 2012 09:14
DO & CO Restaurants & Catering AG / Key word(s): Quarter Results 16.08.2012 09:14 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 quarter of the financial year 2012/2013 (unaudited) SALES: EUR 151.5 million EBITDA: EUR 13.2 million EBIT: EUR 9.3 million - Sales and earnings further increased - British Airways at New York JFK won as a new customer - Successful start-up of 'DO & CO à la carte meals' on all Austrian Airlines flights - Quality and innovation as drivers of growth Vienna, August 16, 2012. DO & CO Restaurants & Catering AG today announced its results for the first quarter of the financial year 2012/2013 (1 April 2012 to 30 June 2012) in accordance with IFRS.Group Q1 2012/13in Q1 2011/12in Changein Mio Change Mio EUR Mio EUR EUR in % Sales 151.5 116.9 34.6 29.6% EBITDA 13.2 10.8 2.4 22.5% Depreciation -3.9 -4.0 0.1 1.6% EBIT 9.3 6.8 2.5 36.7% Profit before 10.2 7.6 2.5 32.9% taxes Consolidated 5.7 4.3 1.4 32.6% result EBITDA margin 8.7% 9.2% EBIT margin 6.1% 5.8%In the first quarter of the financial year of 2012/2013, DO & CO reports total sales of EUR 151.5 million which represents an increase of EUR 34.6 million or 29.6% compared to the previous year (PY: EUR 116.9 million). The consolidated EBIT of the DO & CO Group for the first quarter of the financial year of 2012/2013 amounts to EUR 9.3 million which represents an increase of EUR 2.5 million compared to the previous year (PY: EUR 6.8 million). EBITDA increased from EUR 10.8 million by EUR 2.4 million to EUR 13.2 million. EBIT margin rose from 5.8% to 6.1%. EBITDA margin amounts to 8.7 %. The net result of the first quarter of the financial year of 2012/2013 amounts to EUR 5.7 million (PY: EUR 4.3 million). Earnings per share increased from EUR 0.44 to EUR 0.59 in the first quarter of the financial year of 2012/2013. Airline CateringAirline Q1 2012/13in Mio Q1 2011/12in Mio Changein Mio Change in Catering EUR EUR EUR % Sales 92.8 85.6 7.2 8.4% EBITDA 8.3 8.0 0.2 3.1% Depreciation -3.0 -3.5 0.5 14.0% EBIT 5.3 4.5 0.7 16.3% EBITDA 8.9% 9.4% margin EBIT margin 5.7% 5.3%Sales of the Airline Catering division amount to EUR 92.8 million (PY: EUR 85.6 million). EBITDA increased from EUR 8.0 million to EUR 8.3 million. EBITDA margin amounts to 8.9% (PY: 9.4%). EBIT increased from EUR 4.5 million to EUR 5.3 million for an EBIT margin of 5.7% (PY: 5.3%). International Event CateringInternational Event Q1 2012/13in Q1 2011/12in Changein Mio Change Catering Mio EUR Mio EUR EUR in % Sales 33.0 15.3 17.7 115.4% EBITDA 3.3 1.5 1.8 117.8% Depreciation -0.4 -0.2 -0.2 -115.6% EBIT 2.9 1.3 1.6 118.1% EBITDA margin 10.0% 9.9% EBIT margin 8.8% 8.7%Sales of the International Event Catering division amount to EUR 33.0 million (PY: EUR 15.3 million). EBITDA increased from EUR 1.5 million to EUR 3.3 million in the first quarter of the financial year of 2012/2013. EBIT amounts to EUR 2.9 million (PY: EUR 1.3 million). EBITDA margin amounts to 10.0% (PY: 9.9%), EBIT margin amounts to 8.8% (PY: 8.7%). Restaurants, Lounges & HotelRestaurants, Q1 2012/13in Q1 2011/12in Changein Mio Change Lounges & Hotel Mio EUR Mio EUR EUR in % Sales 25.7 16.0 9.7 60.8% EBITDA 1.6 1.2 0.4 31.5% Depreciation -0.5 -0.3 -0.2 -70.7% EBIT 1.1 0.9 0.2 19.3% EBITDA margin 6.3% 7.7% EBIT margin 4.3% 5.8%Sales of the Restaurants, Lounges & Hotel division amount to EUR 25.7 million (PY: EUR 16.0 million). EBITDA amounts to EUR 1.6 million (PY: EUR 1.2 million) in the first quarter of the financial year 2012/2013. EBITDA margin amounts to 6.3% (PY: 7.7%). EBIT increased from EUR 0.9 million to EUR 1.1 million. EBIT margin amounts to 4.3% (PY: 5.8%). Key Figures of the DO & CO GroupKey Figures Q1 2012/13 Q1 2011/12 Sales m EUR 151.5 116.9 EBITDA m EUR 13.2 10.8 EBITDA margin % 8.7% 9.2% EBIT m EUR 9.3 6.8 EBIT margin % 6.1% 5.8% Consolidated result m EUR 5.7 4.3 Employees 4,362 4,043 Equity1 m EUR 168.5 146.4 Equity ratio1 % 49.9% 54.3% Net debts m EUR -98.2 -115.7 Net gearing % -58.3% -79.0% Working capital m EUR 76.2 82.8 Operative cash-flow m EUR 21.1 10.5 cash-flow from investing activities m EUR 3.3 -2.3 EBITDA per share EUR 1.35 1.11 EBIT per share EUR 0.95 0.70 Earnings per share EUR 0.59 0.44 High2 EUR 31.99 34.00 Low2 EUR 26.55 29.00 Price at the end of the period2 EUR 29.50 34.00 Weighted number of shares TPie 9,744 9,744 Number of shares at the end of the period TPie 9,744 9,744 Market capitalization at the end of the m EUR 287.4 331.3 period1...Adjusted to take designated dividend payments and bookvalue of goodwill into account 2...Closing price Stock DO & CO stock performed very well on the stock exchanges of both Vienna and Istanbul in the first quarter of the financial year 2012/2013. While the ATX lost 8.5% over the reporting period, the DO & CO share price rose by 1.1%. DO & CO stock closed at a price of EUR 29.50 on 29 June 2012. At the Istanbul Stock Exchange, the DO & CO share lost 1.4%, closing at TRY 68.00 on 29 June 2012. 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. 16.08.2012 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 ---------------------------------------------------------------------------