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Do_&_Co_increases_profit_and_revenue

Do & Co increases profit and revenue

The Do & Co catering company, registered on the stock market in Vienna and Istanbul, has made more revenue and profit in the first nine months of the 2012/13 financial year, reveals a current press release by the company.

According to this release the company profit increased in comparison to the year before by 23.9 percent (14.9 million Euros to 18.4 million Euros) as of 31 December 2012. The operative profit increased by 24.8 percent. Revenue increased by 22.2 percent to 442.2 million Euros. The number of employees also increased dramatically from 1,518 to 5,642.

All of Do & Co’s business areas increased in terms of profit and revenue in comparison to the year before.

The airline-catering sector was an area of strong growth thanks largely to British Airways and Ethihad at their New York location. The share in group revenue fell from three quarters to two thirds (67.8 percent).

Event catering also showed growth with a 61.7 per cent increase in revenue, with the operating profit increasing by 64.5 percent. Through this, the share in the group revenue increased from 11 percent to 14.5 percent. This growth was largely due to the football European Championships 2012.

The revenue of the Restaurant, Lounges & Hotel area increased by 48.7 percent to 78.25 million Euros. The share in group revenue increased from 14.5 to 17.7 percent. This is largely thanks to the newly established business partnership with ÖBB, the Austrian Rail Service. Do & Co now provides catering for long-distance train services.

Do & Co is confident about the future without naming any precise figures. According to the press release, they are continuing to evaluate new possible acquisitions.

Vienna Times






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