DJ DGAP-Adhoc: DO & CO Aktiengesellschaft:
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.
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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.
<pre>
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%
</pre>
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 Catering
<pre>
Airline 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%
</pre>
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 Catering
<pre>
International 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%
</pre>
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 & Hotel
<pre>
Restaurants, 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%
</pre>
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 Group
<pre>
Key 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
period
</pre>
1. 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
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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
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(END) Dow Jones Newswires
November 15, 2012 03:02 ET (08:02 GMT)