Do & Co AG
IST:DOCO.E
Do & Co AG
Do & Co AG, a culinary dynamo in the world of high-end catering, has carved a remarkable niche for itself through an entrepreneurial spirit and a keen sense of quality. Founded in Vienna in 1981, the company has grown from a single café to a global powerhouse in the premium catering industry. Offering a diverse range of services, its operations span upscale restaurants, airline catering, and international event catering. The blend of innovation and tradition sets Do & Co apart, appealing to sophisticated palates with an emphasis on exquisite presentation and exceptional taste. The CEO, Attila Dogudan, has been instrumental in shaping the business's trajectory, drawing on a rich cultural heritage to infuse the company's offerings with distinctive flair.
The core of Do & Co's success lies in its ability to meld culinary artistry with logistical precision, enabling them to cater to exclusive clientele, including top-tier airlines such as Turkish Airlines and British Airways, high-profile sporting events like Formula 1, and premium restaurants. The intricate dance of delivering consistent quality across varied platforms underscores the firm's mastery in balancing bespoke tailoring with scale. Revenue streams are thus diversified, mitigating risks and capitalizing on multiple market trends. By marrying the elegance of haute cuisine with the robustness of operational execution, Do & Co AG not only satisfies appetites but also delights stakeholders with solid financial performance and sustainable growth.
Do & Co AG, a culinary dynamo in the world of high-end catering, has carved a remarkable niche for itself through an entrepreneurial spirit and a keen sense of quality. Founded in Vienna in 1981, the company has grown from a single café to a global powerhouse in the premium catering industry. Offering a diverse range of services, its operations span upscale restaurants, airline catering, and international event catering. The blend of innovation and tradition sets Do & Co apart, appealing to sophisticated palates with an emphasis on exquisite presentation and exceptional taste. The CEO, Attila Dogudan, has been instrumental in shaping the business's trajectory, drawing on a rich cultural heritage to infuse the company's offerings with distinctive flair.
The core of Do & Co's success lies in its ability to meld culinary artistry with logistical precision, enabling them to cater to exclusive clientele, including top-tier airlines such as Turkish Airlines and British Airways, high-profile sporting events like Formula 1, and premium restaurants. The intricate dance of delivering consistent quality across varied platforms underscores the firm's mastery in balancing bespoke tailoring with scale. Revenue streams are thus diversified, mitigating risks and capitalizing on multiple market trends. By marrying the elegance of haute cuisine with the robustness of operational execution, Do & Co AG not only satisfies appetites but also delights stakeholders with solid financial performance and sustainable growth.
Record Results: DO & CO delivered its strongest half-year financial performance in company history with double-digit increases in revenue and margins.
Revenue Growth: Revenue rose 9% to EUR 1,236.8 million, driven by improvements across all divisions despite negative currency effects.
Profitability: EBITDA increased 24% to EUR 149.7 million and EBIT rose 28% to EUR 106.7 million; net result was up 21% to EUR 53.5 million.
Margin Expansion: Margins improved significantly, with EBITDA margin at 12.1%, EBIT margin at 8.6%, and net result margin at 4.3%.
Strong Cash Flow: Free cash flow grew 40% to EUR 107.8 million; net debt-to-EBITDA ratio is now 0.4, reflecting a robust balance sheet.
Guidance Unchanged: Management reiterated its revenue and EBIT margin guidance, with no change to expectations for the year.
FX Headwinds: Currency effects, especially from Turkish lira and US dollar, negatively impacted top-line growth but not profit margins.
Growth Preparation: A focus on hiring and training 2,000 new staff is underway to support future expansion, but this will not impact current year costs.
