Events for July
M T W T F S S
30 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 31 1 2 3
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 & 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






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


Latest News

 

Beekeeping is booming in Vienna
People living in Vienna have got a new hobby - beekeeping.

Queen of Englands favourite horses used as lawnmowers in Vienna
Horses from the famous Spanish Riding School are being used to help keep the grass down in city parks in Vienna.

Get an early start on the American Independence Day celebrations at Eton Institute
Get an early start on the American Independence Day celebrations at Eton Institute

Penguin Babies Earn Their Feathers At Zoo
These feathered friends are the latest additions to the penguin enclosure at Vienna's Schoenbrunn Zoo.

Sex On The Underground Station Filmed By Passenger
The fact that there were CCTV cameras in place or the fact that a train packed with passengers had pulled into the station didn't seem to bother this couple caught having sex in public at an underground train station in the Austrian capital Vienna.

Jobless Footballers Join Dole Rangers To Showcase Their Talent
Austria's job centres are entering the big league - by creating a football team to allow jobless footballers to showcase their talent and get work.

Eton Institute Vienna launches Summer Campaign with huge Online Sale
Eton Institute Vienna launches Summer Campaign with huge Online Sale Vienna language institute offers one-day occasion to boost personal and professional skills

Strongman pulls worlds largest twinjet plane out of hanger
A strong man known as the "Austrian Rock" has notched up his 16th endurance world record, this time by pulling a Boeing 777 plane from its hangar at the Vienna International Airport in Schwechat.

Museum of Applied Arts celebrates 150 years
The Museum of Applied Arts (MAK) is celebrating its 150th anniversary with three special exhibitions.

Erdogan tells Turks not to assimilate into Austria
Turkey's Prime Minister has been accused of creating unrest by Austrian politicians after he called on Turks in Austria to reject 'assimilation'.

 


Rieders Digests


The most popular stories –
last 7 days