Events for April
M T W T F S S
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 1 2 3 4
Add your event FREE

Today


Videos


Polls


Accomodations in Austria


Cosmo and Nanu

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 & Cos 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 BB, 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






Tag cloud:
Championships  increased  Hotel  Euros  catering  Lounges  confident  percent  revenue  football  Austrian  largely  profit  growth  increasing  business  comparison  Restaurant  European  thanks


Latest News

 

Pink Easter bunny helps Vienna art world pay tribute to Dürer
The Viennese art world has created its own version of the Easter Bunny – by making a giant sized sculpture of the famous Albrecht Dürer painting currently on display until 29 June as part of the exhibition "Dürer, Michelangelo, Rubens"

Property price rise continues
The price of property in Vienna has now spiralled so much that every 4th apartment comes with a price tag of 500,000 or more. And every second flat costs 300,000 or more.

Jetflyers Take The Jet Ski Onto The Road
An Austrian company is making waves after they came up with the idea of taking a jet ski – and fitting it with wheels.

Exploring photography and art through 1960s cult film Blow-Up
Vienna's Albertina is putting on an photography exhibition featuring stills from the cult sixties photography film Blow-Up by Michelangelo Antonioni.

Turtle flies from Vienna to India to try his luck with the ladies
An endangered turtle from Schoenbrunn Zoo is taking a trip across the world to try his luck out with two female turtles in India.

Ricky Martin to perform at Life Ball 2014
In a celebrating of joys of life, sensuousness and a tribute to handsomeness, the Life Ball 2014 has announced that the Latino star Ricky Martin, chosen many times over as Sexiest Man Alive, will perform at the event.

Vienna prosecutors target Ukrainian former government
Austrian officials have announced they are coordinating with Ukraine's public prosecutors over the investigation of former Ukrainian government officials accused of money-laundering and sanctions violations.

Icelandic artist shoots whole film in front of live audience in Vienna
An Icelandic artist is making a film adaptation of the novel World Light in Vienna - but is carrying out the whole project, including filming, in front of a live studio audience.

Free plants and seedlings exchange in Vienna
Green fingered garden growers will have the chance to exchange their plants and seedlings for some new varieties in a plant swap fair taking place in Vienna at the end of April.

Airbus superjet coming to Vienna for one-off visit
The world's largest passenger airliner, the Airbus A380, is coming to Vienna International Airport for a one off visit on 26 May.

 


Rieders Digests


The most popular stories –
last 7 days