Do & Co up 4.8% after "strongest quarter in co history"
10/08/2023 09:18
** Shares in Austrian airline and event catering group Do &
Co DOCO.VI are up 4.8% after the company reported "strongest
quarter in the history"
** Q1 revenue beat consensus by 2% and came in at EUR 401
mln; EBIT was EUR 28.7 mln, topping consensus by about 3%
** "The reopening story is in full swing, and all the large
tender wins, which were won right before or during the crisis,
are gradually becoming visible," Jefferies says, adding Q1
results were "strongest in the company’s history in terms of
sales"
** Despite depreciation of the Turkish Lira, which
corresponded to EUR 62 mln loss in Q1 sales, the company
benefited from an increase in demand across all divisions
-Jefferies
** Share up 42.4% this year, on track for a best day since
February
(Reporting by Amir Orusov)
((Amir.orusov@thomsonreuters.com))