DO & CO Aktiengesellschaft
News Detail
DGAP-Ad-hoc News vom 18.08.2016
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DO & CO Aktiengesellschaft: DO & CO Aktiengesellschaft / Key word(s): Quarter Results 18.08.2016 09:07 Disclosure of an inside information according to Article 17 MAR, 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 2016/2017 (unaudited) SALES: EUR 254.5 m EBITDA: EUR 22.9 m EBIT: EUR 14.4 m sales and profits further increased two new gourmet kitchens planned in Los Angeles and Paris first Nespresso Café opened in London Vienna, August 18, 2016. DO & CO Aktiengesellschaft today announces its results for the first quarter of the business year 2016/2017 (1 April 2016 to 30 June 2016) in accordance with IFRS as adopted in the European Union. Group Q1 2016/17 Q1 2015/161 Change Change in mEUR in mEUR in mEUR in % Sales 254.5 229.4 25.1 10.9% EBITDA 22.9 21.1 1.8 8.6% Amortisation / -8.5 -8.0 -0.5 -6.8% depreciation and impairments EBIT 14.4 13.2 1.3 9.7% Profit before 13.7 13.7 0.0 0.2% taxes Net result 6.8 6.7 0.1 1.5% EBITDA margin 9.0% 9.2% EBIT margin 5.7% 5.7% 1. 1st Quarter 2015/16 adjusted In the first quarter of business year 2016/2017, DO & CO reports sales of EUR 254.5m (PY: EUR 229.4m) which represents an increase of EUR 25.1m or 10.9% compared to the same period in the previous year. EBITDA increased from EUR 21.1m to EUR 22.9m by EUR 1.8m. EBITDA margin amounts to 9.0% (PY: 9.2%). The consolidated EBIT of the DO & CO Group for the first quarter of business year 2016/2017 amounts to EUR 14.4m which represents an increase of EUR 1.3m compared to the same period in the previous year (EUR 13.2m). EBIT margin amounts to 5.7% in the first quarter of the business year 2016/2017 (PY: 5.7%). The net result of the first quarter of the business year 2016/2017 amounts to EUR 6.8m (PY: EUR 6.7m). Earnings per share of the first quarter of the business year 2016/2017 amount to EUR 0.69 (PY: EUR 0.68). Airline Catering Airline Catering Q1 2016/17 Q1 2015/161 Change Change in mEUR in mEUR in mEUR in % Sales 158.6 151.0 7.5 5.0% EBITDA 15.8 16.3 -0.5 -2.8% Amortisation / -6.4 -5.1 -1.4 -26.9% depreciation and impairments EBIT 9.4 11.2 -1.8 -16.3% EBITDA margin 10.0% 10.8% EBIT margin 5.9% 7.4% 1. 1st Quarter 2015/16 adjusted Sales of the Airline Catering division amount to EUR 158.6m in the first quarter of the business year 2016/2017 (PY: EUR 151.0m). EBITDA decreased from EUR 16.3m to EUR 15.8m in the first quarter of the business year 2016/2017 compared to the same period in the previous year. EBITDA margin amounts to 10.0% (PY: 10.8%). EBIT decreased from EUR 11.2m to EUR 9.4m resulting in an EBIT margin of 5.9% (PY: 7.4%). International Event Catering International Q1 2016/17 Q1 2015/16 Change Change Event Catering in mEUR in mEUR in mEUR in % Sales 54.0 36.4 17.6 48.3% EBITDA 5.3 3.1 2.3 74.2% Amortisation / -1.3 -1.1 -0.2 -16.0% depreciation EBIT 4.0 1.9 2.1 107.6% EBITDA margin 9.8% 8.4% EBIT margin 7.5% 5.3% Sales of the International Event Catering division amount to EUR 54.0m in the first quarter of the business year 2016/2017 (PY: EUR 36.4m). EBITDA increased in the first quarter of the business year 2016/2017 from EUR 3.1m to EUR 5.3m compared to the same period in the previous year. EBITDA margin amounts to 9.8% (PY: 8.4%). EBIT amounts to EUR 4.0m (PY: EUR 1.9m), EBIT margin amounts to 7.5% (PY: 5.3%). Restaurants, Lounges & Hotel Restaurants, Q1 2016/17 Q1 2015/16 Change Change Lounges in mEUR in mEUR in mEUR in % & Hotel Sales 41.9 42.0 -0.1 -0.2% EBITDA 1.8 1.8 0.0 0.1% Amortisation / -0.8 -1.8 1.0 56.5% depreciation EBIT 1.1 0.1 1.0 1927.8% EBITDA margin 4.4% 4.4% EBIT margin 2.5% 0.1% Sales of the Restaurants, Lounges & Hotel division amount to EUR 41.9m in the first quarter of the business year 2016/2017 (PY: EUR 42.0m). EBITDA amounts to EUR 1.8m (PY: EUR 1.8m). EBITDA margin amounts to 4.4% (PY: 4.4%). EBIT amounts to EUR 1.1m in the first quarter of the business year 2016/2017 (PY: EUR 0.1m). EBIT margin amounts to 2.5% (PY: 0.1%). Key Figures Q1 2016/17 Q1 2015/161 in mEUR in mEUR Sales mEUR 254.5 229.4 EBITDA mEUR 22.9 21.1 EBITDA margin % 9.0% 9.2% EBIT mEUR 14.4 13.2 EBIT margin % 5.7% 5.7% Net result mEUR 6.8 6.7 Employees 10,093 9,532 Equity2,3 mEUR 253.7 237.1 Equity ratio2, 3 % 37.5% 38.7% Net debt mEUR -26.9 95.2 Net gearing2 % -10.6% 40.1% Working capital2 mEUR -28.2 7.0 Cash flow from operating mEUR 32.9 18.7 activities Cash flow from investing mEUR -22.3 -14.3 activities Free cash flow mEUR 10.6 4.4 EBITDA per share EUR 2.36 2.17 EBIT per share EUR 1.48 1.35 Earnings per share EUR 0.69 0.68 High4 EUR 107.60 85.00 Low4 EUR 78.00 64.03 Price at the end of the EUR 78.90 84.05 period4 Number of shares at the TPie 9,744 9,744 end of the period Market capitalization at mEUR 768.8 819.0 the end of the period 1 . 1st Quarter 2015/16 adjusted 2 . Adjusted by proposed dividend payments 3 . Calculation method changed compared to the previous year 4 . Closing price Stock After the share price had gained more than 50% on the Vienna Stock Exchange and 75% on the Istanbul Stock Exchange in the past business year 2015/2016, DO & CO's shares were subject to a decline in the first quarter of the business year 2016/2017. At the Vienna Stock Exchange, the DO & CO share price decreased by 25.6% in the first quarter of the business year 2016/2017, closing at EUR 78.90 on 30 June 2016. At the Istanbul Stock Exchange, the DO & CO share price decreased by 25.3%, closing at TRY 252.30 on 30 June 2016. During the reporting period, the ATX decreased from 2,270.38 points on 31 March 2016 to 2,095.96 points on 30 June 2016, equivalent to a decrease of 7.7%. The Turkish BIST 100 index decreased by 7.7%, closing at 76,817.19 points on 30 June 2016. 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_2016.pdf 18.08.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at 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 |
