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


Cosmo and Nanu - Hey Cool


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


Latest News

 

First hybrid buses in Vienna
Wiener Linien is adding it's first hybrid buses to its public transport operation in the next fortnight, in addition to the twelve electric buses introduced into the city centre.

First hybrid buses in Vienna
Wiener Linien is adding it's first hybrid buses to its public transport operation in the next fortnight, in addition to the twelve electric buses introduced into the city centre.

Michael Glawogger dies whilst filming in Africa
The Austrian filmmaker Michael Glawogger has died whilst filming his latest documentary in Africa. He was 54-years-old.

Faymann warns against further Russia sanctions
Chancellor Werner Faymann has spoken out in support of moving away from additional sanctions on Russia.

Gazprom to explore expanding pipeline in Austria
Russia could soon begin constructing their South Stream gas pipeline in Austria after meetings were held this week with Gazprom.

Poacher in Vienna shoots five deer with bow and arrow
A poacher is suspected to have killed five animals in Vienna using a bow and arrow, a hunting weapon that is forbidden throughout Austria.

Czech firm in the proverbial over dung parcel terror alert in Austria
A Czech mail order company that sends elephant poo around the EU could be faced with a hefty bill after a package of dung sparked a terror alert at an Austrian town hall.

Julius Meinl expands to UK
Austria's prestigious coffee brand Julius Meinl is launching its famous product in the UK, with the hope of challenging the British culture of taking coffee to go.

Wiener Linien grinds to a temporary halt Wednesday morning
Vienna's public transport will grind to a halt between 4 am and 6.30am on Wednesday morning as unions hold an emergency meetings to discuss the safety of Wiener Linien staff.

Vienna to host fashion awards
Since 2009, the Vienna Awards for Fashion and Lifestyle has played a big role in the Austrian fashion scene and has evolved itself into one of the country's most important events in the industry to date.

 


Rieders Digests


The most popular stories –
last 7 days