DO & CO Aktiengesellschaft
News Detail
DGAP-Ad-hoc News vom 20.11.2014
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DO & CO Aktiengesellschaft: DO & CO Aktiengesellschaft / Key word(s): Half Year Results 20.11.2014 09:14 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 six months of the financial year 2014/2015 SALES: EUR 395.7 million EBITDA: EUR 40.1 million EBIT: EUR 28.9 million profit and sales further increased- despite difficult market environment continued diversification and international growth major contract for 2016 (Hospitality for EURO 2016 in France) Vienna, November 20, 2014. DO & CO Aktiengesellschaft today announced its results for the first six months of the financial year 2014/2015 (1 April 2014 to 30 September 2014) in accordance with IFRS. Group HY1 2014/15 HY1 2013/14 Change Change in Mio EUR in Mio EUR in Mio EUR in % Sales 395.7 330.7 65.0 19.6% EBITDA 40.1 34.6 5.6 16.1% Depreciation -11.2 -8.9 -2.3 -26.1% EBIT 28.9 25.7 3.2 12.6% Profit before taxes 42.0 26.4 15.6 59.2% Consolidated result 25.5 14.6 11.0 75.1% EBITDA margin 10.1% 10.5% EBIT margin 7.3% 7.8% In the first six months of the financial year 2014/2015, DO & CO reports total sales of EUR 395.7 million which represents an increase of EUR 65.0 million or 19.6% compared to the previous year (PY: EUR 330.7 million). EBITDA increased from EUR 34.6 million by EUR 5.6 million to EUR 40.1 million. EBITDA margin amounts to 10.1%. The consolidated EBIT of the DO & CO Group for the first six months of the financial year 2014/2015 amounts to EUR 28.9 million which represents an increase of EUR 3.2 million compared to the previous year (PY: EUR 25.7 million). EBIT margin amounts to 7.3%. The net result of the first six months of the financial year 2014/2015 amounts to EUR 25.5 million (PY: EUR 14.6 million). Earnings per share increased from EUR 1.50 to EUR 2.63 in the first six months of the financial year 2014/2015. Airline Catering Airline Catering HY1 2014/15 HY1 2013/14 Change Change in Mio EUR in Mio EUR in Mio EUR in % Sales 267.7 239.5 28.2 11.8% EBITDA 30.5 27.4 3.1 11.3% Depreciation -7.6 -7.1 -0.6 -7.8% EBIT 22.8 20.3 2.5 12.6% EBITDA margin 11.4% 11.4% EBIT margin 8.5% 8.5% Sales of the Airline Catering division amount to EUR 267.7 million (PY: EUR 239.5 million). EBITDA increased from EUR 27.4 million to EUR 30.5 million. EBITDA margin amounts to 11.4% (PY: 11.4%). EBIT increased from EUR 20.3 million to EUR 22.8 million for an EBIT margin of 8.5% (PY: 8.5%). International Event Catering International HY1 2014/15 HY1 2013/14 Change Change in Mio EUR in Mio EUR in Mio EUR in % Event Catering Sales 48.5 30.7 17.8 58.0% EBITDA 4.4 3.4 1.0 29.0% Depreciation -2.1 -0.6 -1.5 -254.5% EBIT 2.4 2.9 -0.5 -17.5% EBITDA margin 9.1% 11.2% EBIT margin 4.8% 9.3% Sales of the International Event Catering division amount to EUR 48.5 million (PY: EUR 30.7 million). EBITDA increased from EUR 3.4 million to EUR 4.4 million in the first six months of the financial year 2014/2015. EBITDA margin amounts to 9.1% (PY: 11.2%). EBIT amounts to EUR 2.4 million (PY: EUR 2.9 million), EBIT margin amounts to 4.8% (PY: 9.3%). Restaurants, Lounges & Hotel Restaurants, Lounges HY1 2014/15 HY1 2013/14 Change Change in Mio EUR in Mio EUR in Mio EUR in % & Hotel Sales 79.4 60.5 18.9 31.3% EBITDA 5.2 3.8 1.5 38.6% Depreciation -1.5 -1.2 -0.3 -22.4% EBIT 3.7 2.5 1.2 46.6% EBITDA margin 6.6% 6.2% EBIT margin 4.7% 4.2% Sales of the Restaurants, Lounges & Hotel division amount to EUR 79.4 million (PY: EUR 60.5 million). EBITDA amounts to EUR 5.2 million (PY: EUR 3.8 million) in the first six months of the financial year 2014/2015. EBITDA margin amounts to 6.6% (PY: 6.2%). EBIT amounts to EUR 3.7 million. EBIT margin amounts to 4.7% (PY: 4.2%). Key Figures HY1 2014/15 HY1 2013/14 in Mio EUR in Mio EUR Sales m EUR 395,7 330,7 EBITDA m EUR 40,1 34,6 EBITDA margin % 10,1% 10,5% EBIT m EUR 28,9 25,7 EBIT margin % 7,3% 7,8% Net result m EUR 25,5 14,6 Employees 8.687 6.992 Equity1 m EUR 158,2 189,9 Equity ratio1 % 30,6% 55,8% Net debts m EUR 11,1 -51,5 Net gearing % 7,0% -27,1% Working capital m EUR 119,6 67,4 Operating cash-flow m EUR 41,6 12,2 Cash-flow from investing activities m EUR -39,9 -4,1 Free cash-flow m EUR 1,7 8,1 EBITDA per share EUR 4,13 3,55 EBIT per share EUR 2,97 2,63 Earnings per share EUR 2,63 1,50 High2 EUR 55,05 40,39 Low2 EUR 38,20 31,39 Price at the end of the period2 EUR 51,51 33,15 Number of shares at the end of the period3 TPie 8.770 9.744 Number of weighted shares3 TPie 9.717 9.744 Market capitalization at the end of the m EUR 451,7 323,0 period 1 . Adjusted to take bookvalue of goodwill into account 2 . Closing price 3 . Adjusted by own shares hold as of balance sheet day Stock At the Vienna Stock Exchange, the DO & CO share price increased by 37.0% in the first six months of the financial year 2014/2015, closing at EUR 51.51 on 30 September 2014. At the Istanbul Stock Exchange, the DO & CO share price increased by 31.0%, closing at TRY 148.00 on 30 September 2014. During the reporting period, the ATX decreased from 2,523.82 points on 31 March 2014 to 2,203.94 points on 30 September 2014, equivalent to a decrease of 12.7%. The Turkish BIST 100 index increased by 7.5%, closing at 74,937.81 points. 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/q2_2 014.pdf 20.11.2014 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 |
