Ad-hoc | 15 November 2012 09:01
DO & CO Aktiengesellschaft / Key word(s): Half Year Results 15.11.2012 09:01 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 2012/2013 SALES: EUR 304.8 million EBITDA: EUR 31.5 million EBIT: EUR 24.0 million Another increase in sales and earnings British Airways gained as a new customer in New York/JFK Quality focus prevails even in a difficult market environment Vienna, November 15, 2012. DO & CO Aktiengesellschaft today announced its results for the first six months of the financial year 2012/2013 (1 April 2012 to 30 September 2012) in accordance with IFRS.Group HY1 2012/13in Mio HY1 2011/12in Changein Change EUR Mio EUR Mio EUR in % Sales 304.8 244.5 60.3 24.7% EBITDA 31.5 27.0 4.5 16.6% Depreciation -7.5 -8.1 0.6 7.3% EBIT 24.0 18.9 5.1 26.9% Profit before 25.3 20.6 4.7 23.0% taxes Consolidated 14.2 11.2 3.0 27.2% result EBITDA margin 10.3% 11.0% EBIT margin 7.9% 7.7%In the first six months of the financial year of 2012/2013, DO & CO reports total sales of EUR 304.8 million which represents an increase of EUR 60.3 million or 24.7% compared to the previous year (PY: EUR 244.5 million). EBITDA increased from EUR 27.0 million by EUR 4.5 million to EUR 31.5 million. EBITDA margin amounts to 10.3%. The consolidated EBIT of the DO & CO Group for the first six months of the financial year of 2012/2013 amounts to EUR 24.0 million which represents an increase of EUR 5.1 million compared to the previous year (PY: EUR 18.9 million). EBIT margin rose from 7.7% to 7.9%. The net result of the first six months of the financial year of 2012/2013 amounts to EUR 14.2 million (PY: EUR 11.2 million). Earnings per share increased from EUR 1.15 to EUR 1.46 in the first six months of the financial year of 2012/2013. Airline CateringAirline HY1 2012/13in Mio HY1 2011/12in Changein Mio Change Catering EUR Mio EUR EUR in % Sales 203.9 182.8 21.0 11.5% EBITDA 22.5 21.2 1.3 6.1% Depreciation -6.0 -7.2 1.2 17.2% EBIT 16.5 14.0 2.5 18.1% EBITDA margin 11.0% 11.6% EBIT margin 8.1% 7.7%Sales of the Airline Catering division amount to EUR 203.9 million (PY: EUR 182.8 million). EBITDA increased from EUR 21.2 million to EUR 22.5 million. EBITDA margin amounts to 11.0% (PY: 11.6%). EBIT increased from EUR 14.0 million to EUR 16.5 million for an EBIT margin of 8.1% (PY: 7.7%). International Event CateringInternational Event HY1 2012/13in HY1 2011/12in Changein Change Catering Mio EUR Mio EUR Mio EUR in % Sales 49.8 28.5 21.2 74.4% EBITDA 5.5 3.1 2.4 75.3% Depreciation -0.6 -0.4 -0.2 -55.2% EBIT 4.9 2.8 2.1 78.0% EBITDA margin 11.0% 10.9% EBIT margin 9.8% 9.7%Sales of the International Event Catering division amount to EUR 49.8 million (PY: EUR 28.5 million). EBITDA increased from EUR 3.1 million to EUR 5.5 million in the first six months of the financial year of 2012/2013. EBITDA margin amounts to 11.0% (PY: 10.9%). EBIT amounts to EUR 4.9 million (PY: EUR 2.8 million), EBIT margin amounts to 9.8% (PY: 9.7%). Restaurants, Lounges & HotelRestaurants, Lounges HY1 2012/13in HY1 2011/12in Changein Change & Hotel Mio EUR Mio EUR Mio EUR in % Sales 51.2 33.1 18.1 54.5% EBITDA 3.5 2.7 0.8 31.1% Depreciation -1.0 -0.5 -0.4 -83.0% EBIT 2.5 2.1 0.4 18.2% EBITDA margin 6.8% 8.0% EBIT margin 4.9% 6.5%Sales of the Restaurants, Lounges & Hotel division amount to EUR 51.2 million (PY: EUR 33.1 million). EBITDA amounts to EUR 3.5 million (PY: EUR 2.7 million) in the first six months of the financial year 2012/2013. EBITDA margin amounts to 6.8% (PY: 8.0%). EBIT increased from EUR 2.1 million to EUR 2.5 million. EBIT margin amounts to 4.9% (PY: 6.5%). Key Figures of the DO & CO GroupKey Figures HY1 2012/13 HY1 2011/12 Sales m EUR 304,8 244,5 EBITDA m EUR 31,5 27,0 EBITDA margin % 10,3% 11,0% EBIT m EUR 24,0 18,9 EBIT margin % 7,9% 7,7% Consolidated result m EUR 14,2 11,2 Employees 5.645 4.197 Equity1 m EUR 178,2 151,9 Equity ratio1 % 54,3% 55,4% Net debts m EUR -91,8 -94,9 Net gearing % -51,5% -62,5% Working capital m EUR 85,9 90,4 Operating cash-flow m EUR 23,4 21,2 Cash-flow from investing activities m EUR -0,5 -26,8 Free cash-flow m EUR 23,0 -5,6 EBITDA per share EUR 3,23 2,77 EBIT per share EUR 2,46 1,94 Earnings per share EUR 1,46 1,15 High2 EUR 33,70 35,30 Low2 EUR 26,55 23,50 Price at the end of the period2 EUR 33,00 27,04 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 321,6 263,5 period1. Adjusted to take book value 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 six months of the financial year 2012/2013. While the ATX lost 3.2% over the reporting period, the DO & CO share price rose by 13.1%. DO & CO stock closed at a price of EUR 33.00 on 28 September 2012. On the Istanbul Stock Exchange, the DO & CO share rose by 9.8%, closing at TRY 75.75 on 28 September 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. 15.11.2012 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 Aktiengesellschaft 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 ---------------------------------------------------------------------------