Ad-hoc | 18 February 2016 09:47
DO & CO Aktiengesellschaft / Key word(s): Quarterly / Interim Statement 18.02.2016 09:47 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 three quarters of the business year 2015/2016 SALES: EUR 710.5 million EBITDA: EUR 70.1 million EBIT: EUR 45.2 million sales and results increased again first DO & CO gourmet kitchen opened in Asia (Seoul/Korea) flexible business model reacts rapidly to market changes Vienna, February 18, 2016. DO & CO Aktiengesellschaft today announced its results for the first three quarters of the business year 2015/2016 (1 April 2015 to 31 December 2015) in accordance with IFRS.Group Q1-Q3 2015/16 Q1-Q3 2014/15 Change Change in Mio EUR in Mio EUR in Mio EUR in % Sales 710.5 597.8 112.7 18.9% EBITDA 70.1 58.9 11.2 19.1% Amortisation / depreciation -24.9 -19.2 -5.7 -30.0% EBIT 45.2 39.7 5.5 13.8% Profit before income tax 42.2 49.8 -7.6 -15.2% Net result 24.1 28.8 -4.7 -16.3% EBITDA margin 9.9% 9.9% EBIT margin 6.4% 6.6%please see explanation regarding net result* below In the first three quarters of the business year 2015/2016, DO & CO reports sales of EUR 710.5 million (PY: EUR 597.8 million) which represents an increase of EUR 112.7 million or 18.9% compared to the same period in previous year. EBITDA increased from EUR 58.9 million by EUR 11.2 million to EUR 70.1 million. EBITDA margin amounts to 9.9%. The consolidated EBIT of the DO & CO Group for the first three quarters of the business year 2015/2016 amounts to EUR 45.2 million which represents an increase of EUR 5.5 million compared to the same period in the previous year (PY: EUR 39.7 million). EBIT margin amounts to 6.4% in the first three quarters of the business year 2015/2016. The net result* of the first three quarters of the business year 2015/2016 amounts to EUR 24.1 million (PY: EUR 28.8 million). The reduction of the net result in the first three quarters of the business year 2015/2016 compared to the same period of the previous year is due to the positive one-off effect of the total return equity swap (a derivative transaction carried out with UniCredit) of EUR 11.4 million in the first three quarters of the previous period. Adjusted for this one-off effect, the net result in the first three quarters of the previous period stands at EUR 17.4 million. Thus, the net result of the first three quarters of the business year 2015/2016 exceeds the net result of the first three quarters of the previous period, adjusted for this one-off effect, by EUR 6.7 million or 38.5%. Earnings per share of the first three quarters of the business year 2015/2016 amount to EUR 2.48 (PY: EUR 3.00). Earnings per share are up by EUR 0.66 compared to the same period of the previous year, adjusted for the one-off effect resulting from the total return equity swap entered into with UniCredit and amounting to EUR 1.81. Airline CateringAirline Catering Q1-Q3 2015/16 Q1-Q3 2014/15 Change Change in Mio EUR in Mio EUR in Mio EUR in % Sales 482.2 397.3 84.8 21.3% EBITDA 54.9 43.9 11.0 25.0% Amortisation / depreciation -16.4 -13.0 -3.3 -25.5% EBIT 38.5 30.9 7.7 24.8% EBITDA margin 11.4% 11.0% EBIT margin 8.0% 7.8%Sales of the Airline Catering division amount to EUR 482.2 million in the first three quarters of the business year 2015/2016 (PY: EUR 397.3 million). EBITDA increased from EUR 43.9 million to EUR 54.9 million in the first three quarters of the business year 2015/2016 compared to the same period in previous year. EBITDA margin amounts to 11.4% (PY: 11.0%). EBIT increased from EUR 30.9 million to EUR 38.5 million for an EBIT margin of 8.0% (PY: 7.8%). International Event CateringInternational Q1-Q3 2015/16 Q1-Q3 2014/15 Change Change in Mio EUR in Mio EUR in Mio EUR in % Event Catering Sales 100.1 76.2 23.9 31.4% EBITDA 9.0 6.9 2.1 30.5% Amortisation -3.7 -3.3 -0.4 -10.7% EBIT 5.3 3.6 1.7 48.6% EBITDA margin 9.0% 9.0% EBIT margin 5.3% 4.7%Sales of the International Event Catering division amount to EUR 100.1 million in the first three quarters of the business year 2015/2016 (PY: EUR 76.2 million). EBITDA increased in the first three quarters of the business year 2015/2016 from EUR 6.9 million to EUR 9.0 million compared to the same period in previous year. EBITDA margin amounts to 9.0% (PY: 9.0%). EBIT amounts to EUR 5.3 million (PY: EUR 3.6 million), EBIT margin amounts to 5.3% (PY: 4.7%). Restaurants, Lounges & HotelRestaurants, Lounges Q1-Q3 2015/16 Q1-Q3 2014/15 Change Change & Hotel in Mio EUR in Mio EUR in Mio EUR in % Sales 128.3 124.3 4.0 3.2% EBITDA 6.3 8.1 -1.9 -22.8% Amortisation / depreciation -4.9 -2.8 -2.1 -73.1% EBIT 1.4 5.3 -3.9 -73.9% EBITDA margin 4.9% 6.5% EBIT margin 1.1% 4.3%Sales of the Restaurants, Lounges & Hotel division amount to EUR 128.3 million in the first three quarters of the business year 2015/2016 (PY: EUR 124.3 million). EBITDA amounts to EUR 6.3 million (PY: EUR 8.1 million). EBITDA margin amounts to 4.9% (PY: 6.5%). EBIT amounts to EUR 1.4 million in the first three quarters of the business year 2015/2016 (PY: EUR 5.3 million). EBIT margin amounts to 1.1% (PY: 4.3%).Key Figures Q1-Q3 2015/ Q1-Q3 2014/ 16 15 in Mio EUR in Mio EUR Sales mEUR 710.5 597.8 EBITDA mEUR 70.1 58.9 EBITDA margin % 9.9% 9.9% EBIT mEUR 45.2 39.7 EBIT margin % 6.4% 6.6% Net result mEUR 24.1 28.8 Employees 9,775 8,683 Equity1 mEUR 231.8 209.9 Equity ratio1 % 39.1% 37.5% Net debt2 mEUR 97.4 93.6 Net gearing1,2 % 42.0% 44.6% Working capital2 mEUR -1.1 3.6 Cash flow from operating activities2 mEUR 67.0 49.2 Cash flow from investing activities2 mEUR -51.0 -174.6 Free cash flow2 mEUR 16.0 -125.5 EBITDA per share EUR 7.20 6.14 EBIT per share EUR 4.64 4.14 Earnings per share EUR 2.48 3.00 High3 EUR 100.00 62.38 Low3 EUR 64.03 38.20 Price at the end of the period3 EUR 100.00 62.38 Number of shares at the end of the TPie 9,744 9,744 period Number of weighted shares4 TPie 9,744 9,599 Market capitalization at the end of the mEUR 974.4 607.8 period1 . Adjusted by carrying amounts of goodwill 2 . Way of calculation changed compared to prior year 3 . Closing price 4 . Adjusted by own shares hold as of balance sheet day Stock At the Vienna Stock Exchange, the DO & CO share price increased by 44.8% in the first three quarters of the business year 2015/2016, closing at EUR 100.00 on 30 December 2015. At the Istanbul Stock Exchange, the DO & CO share price increased by 61.0%, closing at TRY 310.00 on 31 December 2015. During the reporting period, the ATX decreased from 2,509.82 points on 31 March 2015 to 2,396.94 points on 30 December 2015, equivalent to a decrease of 4.5%. The Turkish BIST 100 index decreased by 11.3%, closing at 71,726.99 points on 31 December 2015. 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: http://www.doco.com/Portals/8/berichte/jahres-und-quartalsberichte/en/q3_2 015.pdf 18.02.2016 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 74000-1089 E-mail: investor.relations@doco.com Internet: www.doco.com ISIN: AT0000818802 WKN: 81880 Listed: Regulated Unofficial Market in Berlin, Munich, Stuttgart; Wien (Amtlicher Handel / Official Market) End of Announcement DGAP News-Service ---------------------------------------------------------------------------