Brief: Do & Co FY EBITDA At EUR 45.0 Mln

DO & CO AG

17/06/2021 08:07

June 17 (Reuters) - DO & CO AG  DOCO.VI :
    * EBITDA AT EUR 45.04M (PY: EUR 70.11M) IN THE BUSINESS YEAR
2020/2021
    * FY REVENUE DOWN AT EUR 253.46 MILLION
    * DECIDED TO PROPOSE TO THE GENERAL MEETING OF SHAREHOLDERS
THAT
NO DIVIDEND SHALL BE DISTRIBUTED FOR THE BUSINESS YEAR 2020/2021
    * FY EBIT AT EUR -27.31M, EUR 25.38M LOWER THAN IN THE SAME
PERIOD
OF THE PREVIOUS YEAR
    * ASSUMES PASSENGER DEMAND WILL NOT RECOVER TO 2019 LEVEL
BEFORE
2023
    * FY NET RESULT DECREASED EUR 10.63M FROM EUR -24.87M IN THE
PREVIOUS YEAR TO EUR -35.51M
    * ASSUMES UPCOMING BUSINESS YEAR 2021/2022 AND THUS NET
RESULT
WILL CONTINUE TO BE AFFECTED BY COVID-19 SITUATION.
    * EXPECTS A SIGNIFICANT INCREASE IN REVENUE AS WELL AS
IMPROVEMENT
OF THE RESULT FOR THE UPCOMING BUSINESS YEAR 2021/2022 DESPITE
THE ONGOING COVID-19 CRISIS

Source text for Eikon:  ID:nPexltTk9a 
Further company coverage:  DOCO.VI 

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