DO & CO Aktiengesellschaft
News Detail
DGAP-Ad-hoc News vom 13.08.2015
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DO & CO Aktiengesellschaft: DO & CO Aktiengesellschaft / Key word(s): Interim Report 13.08.2015 10:13 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 2015/2016 (unaudited) SALES: EUR 228.1 million EBITDA: EUR 20.6 million EBIT: EUR 12.9 million Sales and profit further increased Growth at all locations worldwide Unique product and service quality assures market position Vienna, August 13, 2015. DO & CO Aktiengesellschaft today announced its results for the first quarter of the financial year 2015/2016 (1 April 2015 to 30 June 2015) in accordance with IFRS. Group Q1 2015/16 Q1 2014/15 Change Change in Mio EUR in Mio EUR in Mio EUR in % Sales 228.1 189.4 38.7 20.4% EBITDA 20.6 16.9 3.7 22.2% Amortisation/depreciation -7.7 -5.4 -2.4 -43.6% EBIT 12.9 11.5 1.4 12.1% Profit before taxes 13.4 14.9 -1.5 -9.9% Net result 6.4 9.1 -2.7 -29.6% EBITDA margin 9.0% 8.9% EBIT margin 5.7% 6.1% please see explanation regarding net result* below In the first quarter of the financial year 2015/2016, DO & CO reports total sales of EUR 228.1 million (PY: EUR 189.4 million) which represents an increase of EUR 38.7 million or 20.4% compared to the same period in previous year. EBITDA increased from EUR 16.9 million by EUR 3.7 million to EUR 20.6 million. EBITDA margin amounts to 9.0 %. The consolidated EBIT of the DO & CO Group for the first quarter of the financial year 2015/2016 amounts to EUR 12.9 million which represents an increase of EUR 1.4 million compared to the same period in the previous year (PY: EUR 11.5 million). EBIT margin amounts to 5.7 % in the first quarter of the financial year 2015/2016. The net result* of the first quarter of the financial year 2015/2016 amounts to EUR 6.4 million (PY: EUR 9.1 million). The reduction in the net result is due to the positive one-off effect resulting from the "total return equity swap" (derivative transaction carried out with UniCredit) of EUR 3.4m in the first quarter of the previous business year. Adjusted by this positive one-off effect, the net result was EUR 5.7m in the first quarter of the previous year. Accordingly, the net result for the first quarter of the financial year 2015/2016 is EUR 0.74m or 13.0% higher than the adjusted net result of the previous year. Earnings per share amount to EUR 0.66 (PY: EUR 0.93), up on the earnings per share of the first quarter of the financial year 2014/2015 by EUR 0.08, net of the one-off effect resulting from the total return equity swap entered into with UniCredit and amounting to EUR 0.58. Airline Catering Airline Catering Q1 2015/16 Q1 2014/15 Change Change in Mio EUR in Mio EUR in Mio EUR in % Sales 149.7 125.1 24.6 19.7% EBITDA 15.8 12.4 3.4 27.0% Amortisation/depreciation -4.9 -3.7 -1.2 -31.7% EBIT 10.9 8.7 2.2 25.0% EBITDA margin 10.5% 9.9% EBIT margin 7.3% 7.0% Sales of the Airline Catering division amount to EUR 149.7 million in the first quarter of the financial year 2015/2016 (PY: EUR 125.1 million). EBITDA increased from EUR 12.4 million to EUR 15.8 million in the first quarter of the financial year 2015/2016 compared to the same period in previous year. EBITDA margin amounts to 10.5% (PY: 9.9%). EBIT increased from EUR 8.7 million to EUR 10.9 million for an EBIT margin of 7.3% (PY: 7.0%). International Event Catering International Q1 2015/16 Q1 2014/15 Change Change Event Catering in Mio EUR in Mio EUR in Mio EUR in % Sales 36.4 26.5 9.9 37.3% EBITDA 3.1 2.2 0.8 36.7% Amortisation/depreciation -1.1 -1.0 -0.1 -10.8% EBIT 1.9 1.2 0.7 58.0% EBITDA margin 8.4% 8.4% EBIT margin 5.3% 4.6% Sales of the International Event Catering division amount to EUR 36.4 million in the first quarter of the financial year 2015/2016 (PY: EUR 26.5 million). EBITDA increased in the first quarter of the financial year 2015/2016 from EUR 2.2 million to EUR 3.1 million compared to the same period in previous year. EBITDA margin amounts to 8.4% (PY: 8.4%). EBIT amounts to EUR 1.9 million (PY: EUR 1.2 million), EBIT margin amounts to 5.3% (PY: 4.6%). Restaurants, Lounges & Hotel Restaurants, Lounges Q1 2015/16 Q1 2014/15 Change Change & Hotel in Mio EUR in Mio EUR in Mio EUR in % Sales 42.0 37.8 4.2 11.0% EBITDA 1.8 2.3 -0.4 -18.9% Amortisation/depreciation -1.8 -0.7 -1.1 -153.7% EBIT 0.1 1.6 -1.5 -96.6% EBITDA margin 4.4% 6.0% EBIT margin 0.1% 4.1% Sales of the Restaurants, Lounges & Hotel division amount to EUR 42.0 million in the first quarter of the financial year 2015/2016 (PY: EUR 37.8 million). EBITDA amounts to EUR 1.8 million (PY: EUR 2.3 million). EBITDA margin amounts to 4.4% (PY: 6.0%). EBIT amounts to EUR 0.1 million in the first quarter of the financial year 2015/2016 (PY: EUR 1.6 million). EBIT margin amounts to 0.1% (PY: 4.1%). Key Figures Q1 2015/16 Q1 2014/15 in Mio EUR in Mio EUR Sales mEUR 228.1 189.4 EBITDA mEUR 20.6 16.9 EBITDA margin % 9.0% 8.9% EBIT mEUR 12.9 11.5 EBIT margin % 5.7% 6.1% Net result mEUR 6.4 9.1 Employees 9,496 8,393 Equity1 mEUR 209.9 190.4 Equity ratio1 % 35.9% 36.6% Net debts2 mEUR 96.1 -18.0 Net gearing1,2 % 45.8% -9.5% Working capital2 mEUR 0.1 34.0 Operating cash-flow mEUR 19.1 17.8 Cash-flow from investing activities mEUR -13.9 -30.1 Free cash-flow mEUR 5.2 -12.3 EBITDA per share EUR 2.12 1.73 EBIT per share EUR 1.32 1.18 Earnings per share EUR 0.66 0.93 High3 EUR 85.00 46.80 Low3 EUR 64.03 38.20 Price at the end of the period3 EUR 84.05 46.10 Number of shares at the end of the period TPie 9,744 9,744 Market capitalization at the end of the period mEUR 819.0 449.2 1 . Adjusted by designated dividend payments and bookvalue of goodwill 2 . Way of calculation changed compared to prior year 3 . Closing price Stock At the Vienna Stock Exchange, the DO & CO share price increased by 21.7% in the first quarter of the financial year 2015/2016, closing at EUR 84.05 on 30 June 2015. At the Istanbul Stock Exchange, the DO & CO share price increased by 28.3%, closing at TRY 247.00 on 30 June 2015. During the reporting period, the ATX decreased from 2,509.82 points on 31 March 2015 to 2,411.77 points on 30 June 2015, equivalent to a decrease of 3.9%. The Turkish BIST 100 index increased by 1.7%, closing at 82,249.53 points on 30 June 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/q1_2 015.pdf 13.08.2015 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 |
