Do & Co AG
VSE:DOC
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Do & Co AG
VSE:DOC
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Swedencare AB (publ)
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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: The company reported its best-ever first 9 months, with revenue up 5% to EUR 1.236 billion and strong margin improvements.
Margin Expansion: All divisions saw higher margins, with EBITDA margin up to 12.2% and EBIT margin up to 8.7% for the period.
Cash Flow Strength: Free cash flow nearly doubled to EUR 182.9 million, and the net debt-to-EBITDA ratio dropped to 0.2, nearing a net debt-free position.
Growth Investments: The company announced plans to open 7 new gourmet kitchens, 12 Demel cafes, 12 Henry retail locations, and 3 Do & Co restaurants over the next 3–4 years, with significant focus on the US, Europe, and first-time entry to the Middle East.
Guidance Update: Revenue guidance was slightly reduced due to FX headwinds, now expected between EUR 2.4–2.45 billion. EBIT margin guidance was raised to 8.5%+ for the year.
Strong Demand: Premium event and airline catering segments show strong organic growth, with double-digit growth expected in Event Catering next year.
FX Impact: FX volatility, especially from the Turkish lira, continues to affect reported revenue but not bottom-line profitability due to contract structures.
