Brief: Do & Co Q1 Net Result At EUR 3.35 Mln

DO & CO AG

11/08/2022 07:08

Aug 11 (Reuters) - DO & CO AG  DOCO.VI :
    * IN THE FIRST QUARTER OF THE BUSINESS YEAR 2022/2023, THE
DO & CO
GROUP RECORDED REVENUE IN THE AMOUNT OF € 288.31M
    * THIS CONSTITUTES AN INCREASE IN Q1 REVENUE BY € 185.48M OR
180.4% AS COMPARED TO THE PREVIOUS YEAR
    * THE EBITDA OF THE DO & CO GROUP WAS €29.16M (PY: €22.26M)
IN THE
FIRST QUARTER OF THE BUSINESS YEAR 2022/2023
    * Q1 EBITDA MARGIN WAS 10.1% (PY: 21.6%)
    * CONSOLIDATED EARNINGS BEFORE INTEREST AND TAX (EBIT) OF
THE DO &
CO GROUP AMOUNTED TO €14.83M FOR THE FIRST QUARTER OF THE
BUSINESS YEAR 2022/2023, €5.19M HIGHER THAN IN THE SAME PERIOD
OF THE PREVIOUS YEAR
    * Q1 NET RESULT INCREASED BY € 1.18M FROM 2.18M IN THE
PREVIOUS
YEAR TO € 3.35M
    * HYPERINFLATION IN TÜRKIYE IMPACTS NET RESULT – FIRST-TIME
APPLICATION OF IAS 29
    * OUTLOOK: PARTICULARLY IN THE INTERNATIONAL EVENT CATERING
DIVISION, A NUMBER OF LARGE TENDERS ARE IN  PROGRESS WHICH ARE
QUITE PROMISING BUT WHERE NO FINAL DECISION HAS BEEN MADE YET
    * OUTLOOK: THE DEMAND IN THE RESTAURANTS AND IN GOURMET
RETAIL IS
EQUALLY GRATIFYING

Source text for Eikon:  ID:nPexKzRb7a 
Further company coverage:  DOCO.VI 

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