DGAP-Ad-hoc: DO & CO Aktiengesellschaft / Key word(s): Quarter Results DO & CO Aktiengesellschaft: 16-Feb-2017 / 09:02 CET/CEST Disclosure of an inside information acc. 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 three quarters of the business year 2016/2017 (unaudited) SALES: EUR 737.1m EBITDA: EUR 73.3m EBIT: EUR 47.0m sales further increased - despite strong negative currency effect stable margins flexible business model responds quickly to new market conditions Vienna, February 16, 2017. DO & CO Aktiengesellschaft today announces its results for the first three quarters of the business year 2016/2017 (1 April 2016 to 31 December 2016) in accordance with IFRS as adopted in the European Union. Group Q1-Q3 2016/17 Q1-Q3 2015/161 Change Change in mEUR in mEUR in mEUR in % Sales 737.1 710.5 26.6 3.7% EBITDA 73.3 70.2 3.2 4.5% Amortisation / -26.3 -24.8 -1.5 -5.9% depreciation and impairments EBIT 47.0 45.3 1.7 3.7% Profit before taxes 42.3 42.3 0.0 0.0% Net result 21.1 24.2 -3.1 -12.8% EBITDA margin 9.9% 9.9% EBIT margin 6.4% 6.4% 1 . First three quarters 2015/16 adjusted In the first three quarters of the business year 2016/2017, DO & CO reports sales of EUR 737.1m (PY: EUR 710.5m) which represents an increase of EUR 26.6m or 3.7% compared to the same period in the previous year. EBITDA increased from EUR 70.2m to EUR 73.3m by EUR 3.2m. EBITDA margin amounts to 9.9% (PY: 9.9%). The consolidated EBIT of the DO & CO Group for the first three quarters of the business year 2016/2017 amounts to EUR 47.0m which represents an increase of EUR 1.7m compared to the same period in the previous year (EUR 45.3m). EBIT margin amounts to 6.4% in the first three quarters of the business year 2016/2017 (PY: 6.4%). The net result of the first three quarters of the business year 2016/2017 amounts to EUR 21.1m (PY: EUR 24.2m). Earnings per share of the first three quarters of the business year 2016/2017 amount to EUR 2.16 (PY: EUR 2.48). Airline Catering Airline Catering Q1-Q3 2016/17 Q1-Q3 2015/161 Change Change in mEUR in mEUR in mEUR in % Sales 476.6 482.2 -5.6 -1.2% EBITDA 53.5 54.9 -1.4 -2.6% Amortisation / -19.7 -16.3 -3.4 -20.8% depreciation and impairments EBIT 33.8 38.6 -4.8 -12.5% EBITDA margin 11.2% 11.4% EBIT margin 7.1% 8.0% 1 . First three quarters 2015/16 adjusted Sales of the Airline Catering division amount to EUR 476.6m in the first three quarters of the business year 2016/2017 (PY: EUR 482.2m). EBITDA amounts to EUR 53.5m (PY: EUR 54.9m). EBITDA margin amounts to 11.2% (PY: 11.4%). The division's EBIT amounts to EUR 33.8m (PY: EUR 38.6m) resulting in an EBIT margin of 7.1% (PY: 8.0%). International Event Catering International Q1-Q3 2016/17 Q1-Q3 2015/16 Change Change Event Catering in mEUR in mEUR in mEUR in % Sales 130.1 100.1 30.0 30.0% EBITDA 12.0 9.0 3.0 33.1% Amortisation / -3.9 -3.7 -0.3 -8.0% depreciation EBIT 8.0 5.3 2.7 50.3% EBITDA margin 9.2% 9.0% EBIT margin 6.2% 5.3% Sales of the International Event Catering division amount to EUR 130.1m in the first three quarters of the business year 2016/2017 (PY: EUR 100.1m). EBITDA increased in the first three quarters of the business year 2016/2017 from EUR 9.0m to EUR 12.0m compared to the same period in the previous year. EBITDA margin amounts to 9.2% (PY: 9.0%). EBIT amounts to EUR 8.0m (PY: EUR 5.3m), EBIT margin amounts to 6.2% (PY: 5.3%). Restaurants, Lounges & Hotel Restaurants, Q1-Q3 2016/17 Q1-Q3 2015/16 Change Change Lounges in mEUR in mEUR in mEUR in % & Hotel Sales 130.4 128.3 2.2 1.7% EBITDA 7.9 6.3 1.6 25.9% Amortisation / -2.7 -4.9 2.2 45.1% depreciation and impairments EBIT 5.2 1.4 3.8 276.4% EBITDA margin 6.0% 4.9% EBIT margin 4.0% 1.1% Sales of the Restaurants, Lounges & Hotel division amount to EUR 130.4m in the first three quarters of the business year 2016/2017 (PY: EUR 128.3m). EBITDA amounts to EUR 7.9m (PY: EUR 6.3m). EBITDA margin amounts to 6.0% (PY: 4.9%). EBIT amounts to EUR 5.2m in the first three quarters of the business year 2016/2017 (PY: EUR 1.4m). EBIT margin amounts to 4.0% (PY: 1.1%). Key Figures Q1-Q3 2016/17 Q1-Q3 2015/161 Sales mEUR 737.1 710.5 EBITDA mEUR 73.3 70.2 EBITDA margin % 9.9% 9.9% EBIT mEUR 47.0 45.3 EBIT margin % 6.4% 6.4% Net result mEUR 21.1 24.2 Employees 9,888 9,775 Equity2 mEUR 259.0 256.1 Equity ratio2 % 42.6% 41.5% Net debt (net financial mEUR 18.1 97.4 liabilities) Net gearing % 7.0% 38.0% Working capital mEUR 21.2 -1.1 Cash flow from operating mEUR 21.4 67.5 activities Cash flow from investing mEUR -45.5 -49.6 activities Free cash flow mEUR -24.2 17.8 EBITDA per share EUR 7.52 7.20 EBIT per share EUR 4.83 4.65 Earnings per share EUR 2.16 2.48 High3 EUR 107.60 100.00 Low3 EUR 53.03 64.03 Price at the end of the EUR 62.42 100.00 period3 Number of shares at the TPie 9,744 9,744 end of the period Market capitalization at mEUR 608.2 974.4 the end of the period 1 . First three quarters 2015/16 adjusted 2 . Calculation method changed compared to the previous year 3 . 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 business year 2015/2016, DO & CO's shares were subject to a decline in the first three quarters of the business year 2016/2017. At the Vienna Stock Exchange, the DO & CO share price decreased by 41.1% in the first three quarters of the business year 2016/2017, closing at EUR 62.42 on 30 December 2016. At the Istanbul Stock Exchange, the DO & CO share price decreased by 31.0%, closing at TRY 233.20 on 30 December 2016. During the reporting period, the ATX rose from 2,270.38 points on 31 March 2016 to 2,618.43 points on 30 December 2016, equivalent to an increase of 15.3%. The Turkish BIST 100 index decreased by 6.2%, closing at 78.138,66 points on 30 December 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/ q3_2016.pdf --------------------------------------------------------------------------- 16-Feb-2017 CET/CEST 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) 535 0644 1010 Fax: +43 (1) 74000-1089 E-mail: [email protected] 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 --------------------------------------------------------------------------- 545031 16-Feb-2017 CET/CEST