Ad-hoc | 14 August 2014 09:00
DO & CO Aktiengesellschaft / Key word(s): Quarter Results 14.08.2014 09:00 Dissemination of an Ad hoc announcement, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Results for the first quarter of the financial year 2014/2015 (unaudited) SALES: EUR 189.4 million EBITDA: EUR 16.9 million EBIT: EUR 11.5 million sales and profit increased again international expansion strategy continued acquisition of HEDIARD - Paris new gourmet kitchen in Chicago Vienna, August 14, 2014. DO & CO Aktiengesellschaft today announced its results for the first quarter of the financial year 2014/2015 (1 April 2014 to 30 June 2014) in accordance with IFRS.Group Q1 2014/15 Q1 2013/14 Change Change in Mio EUR in Mio EUR in Mio EUR in % Sales 189.4 161.9 27.5 17.0% EBITDA 16.9 14.3 2.6 18.3% Depreciation -5.4 -4.5 -0.8 -18.5% EBIT 11.5 9.7 1.8 18.2% Profit before taxes 14.9 10.0 4.9 49.6% Consolidated result 9.1 5.1 4.0 77.4% EBITDA margin 8.9% 8.8% EBIT margin 6.1% 6.0%In the first quarter of the financial year 2014/2015, DO & CO reports total sales of EUR 189.4 million which represents an increase of EUR 27.5 million or 17.0% compared to the previous year (PY: EUR 161.9 million). EBITDA increased from EUR 14.3 million by EUR 2.6 million to EUR 16.9 million. EBITDA margin amounts to 8.9%. The consolidated EBIT of the DO & CO Group for the first quarter of the financial year 2014/2015 amounts to EUR 11.5 million which represents an increase of EUR 1.8 million compared to the previous year (PY: EUR 9.7 million). EBIT margin increased from 6.0% to 6.1%. The net result of the first quarter of the financial year 2014/2015 amounts to EUR 9.1 million (PY: EUR 5.1 million). Earnings per share increased from EUR 0.53 to EUR 0.93 in the first quarter of the financial year 2014/2015. Airline CateringAirline Catering Q1 2014/15 Q1 2013/14 Change Change in Mio EUR in Mio EUR in Mio EUR in % Sales 125.1 114.8 10.3 8.9% EBITDA 12.4 10.9 1.5 13.8% Depreciation -3.7 -3.6 -0.1 -2.3% EBIT 8.7 7.3 1.4 19.5% EBITDA margin 9.9% 9.5% EBIT margin 7.0% 6.3%Sales of the Airline Catering division amount to EUR 125.1 million (PY: EUR 114.8 million). EBITDA increased from EUR 10.9 million to EUR 12.4 million. EBITDA margin amounts to 9.9% (PY: 9.5%). EBIT increased from EUR 7.3 million to EUR 8.7 million for an EBIT margin of 7.0% (PY: 6.3%). International Event CateringInternational Q1 2014/15 Q1 2013/14 Change Change in Mio EUR in Mio EUR in Mio EUR in % Event Catering Sales 26.5 18.5 8.0 43.3% EBITDA 2.2 1.9 0.4 20.0% Depreciation -1.0 -0.4 -0.6 -160.6% EBIT 1.2 1.5 -0.2 -16.8% EBITDA margin 8.4% 10.0% EBIT margin 4.6% 8.0%Sales of the International Event Catering division amount to EUR 26.5 million (PY: EUR 18.5 million). EBITDA increased from EUR 1.9 million to EUR 2.2 million in the first quarter of the financial year 2014/2015. EBITDA margin amounts to 8.4% (PY: 10.0%). EBIT amounts to EUR 1.2 million (PY: EUR 1.5 million), EBIT margin amounts to 4.6% (PY: 8.0%). Restaurants, Lounges & HotelRestaurants, Lounges Q1 2014/15 Q1 2013/14 Change Change in Mio EUR in Mio EUR in Mio EUR in % & Hotel Sales 37.8 28.6 9.2 32.1% EBITDA 2.3 1.5 0.7 48.4% Depreciation -0.7 -0.6 -0.1 -25.2% EBIT 1.6 1.0 0.6 61.9% EBITDA margin 6.0% 5.3% EBIT margin 4.1% 3.4%Sales of the Restaurants, Lounges & Hotel division amount to EUR 37.8 million (PY: EUR 28.6 million). EBITDA amounts to EUR 2.3 million (PY: EUR 1.5 million) in the first quarter of the financial year 2014/2015. EBITDA margin amounts to 6.0% (PY: 5.3%). EBIT increased from EUR 1.0 million to EUR 1.6 million. EBIT margin amounts to 4.1% (PY: 3.4%). Key Figures of the DO & CO GroupKey Figures Q1 2014/15 Q1 2013/14 in Mio EUR in Mio EUR Sales m EUR 189.4 161.9 EBITDA m EUR 16.9 14.3 EBITDA margin % 8.9% 8.8% EBIT m EUR 11.5 9.7 EBIT margin % 6.1% 6.0% Net result m EUR 9.1 5.1 Employees 8,393 6,717 Equity1 m EUR 190.4 183.1 Equity ratio1 % 36.6% 51.8% Net debts m EUR -12.3 -61.3 Net gearing % -6.5% -33.5% Working capital m EUR 186.0 74.0 Operating cash-flow m EUR 18.3 17.4 Cash-flow from investing activities m EUR -30.6 -6.9 Free cash-flow m EUR -12.3 10.5 EBITDA per share EUR 1.73 1.46 EBIT per share EUR 1.18 1.00 Earnings per share EUR 0.93 0.53 High2 EUR 46.80 40.39 Low2 EUR 38.20 33.90 Price at the end of the period2 EUR 46.10 34.00 Number of shares at the end of the period TPie 9,744 9,744 Market capitalization at the end of the period m EUR 449.2 331.31 . Adjusted to take bookvalue of goodwill into account 2 . Closing price Stock DO & CO stock performed well on the stock exchanges of both Vienna and Istanbul in the first quarter of the financial year 2014/2015. Their value growing substantially vis-à-vis the index during the reporting period. At the Vienna Stock Exchange, DO & CO shares rose by 22.6% in the first quarter of the company's 2014/2015 business year, closing at EUR 46.10 on 30 June 2014. On the Istanbul Stock Exchange, DO & CO shares rose by 19.5%, closing at TRY 135.00 on 30 June 2014. During the reporting period, the ATX declined slightly, from 2,523.82 on 31 March 2014 to 2,500.85 on 30 June 2014, corresponding to a loss of 0.9%. The Turkish BIST 100 rose from 69,736.34 to 78.489.01, an increase by 12.6% as per 30 June 2014. 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/portals/8/berichte/jahres-und-quartalsberichte/en/q1_2014.pdf. 14.08.2014 The DGAP 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 ---------------------------------------------------------------------------