Management Report and Consolidated Financial ... - Do & Co

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GB Zahlenteil Neu 7 Englisch:Layout 1 16.10.2008 8:58 Uhr Seite 142 142 International Event Catering Business Year (April – March) INTERNATIONAL EVENT CATERING International Event Catering also continued along its course of growth in the year under review. EBITDA increased by EUR 2.61 million, rising from EUR 39.04 million to EUR 41.65 million. 2007/2008 in m € 2006/2007 in m € Change in m € Change in % 2005/2006 in m € Sales 41.65 39.04 2.61 6.7% 35.60 EBITDA 4.59 3.83 0.76 19.8% 3.69 Depreciation/amortization -1.55 -1.20 -0.35 -29.2% -1.30 EBIT 3.04 2.63 0.41 15.6% 2.39 EBITDA margin 11.0% 9.8% 10.4% EBIT margin 7.3% 6.7% 6.7% The highlights of the year under review once again included numerous large-scale international sports events to which DO & CO played culinary host. Among them was the 32nd America’s Cup in Valencia, where DO & CO treated its guests to premium DO & CO products from April to early July 2007. Others were the traditional CHIO Riding and Jumping Tournament in Aachen, the Formula 1 Grand Prix events, and the PGA Golf Tournament in Valderrama. DO & CO also hosted two major tennis tournaments in Madrid, the ATP Men’s Tennis Masters Tournament and the Women’s Tennis Association World Championships (Sony Ericsson Championships), where it served delicious fare to over 25,000 VIP guests and some 62,000 members of the general public. Besides its successful culinary staging of the above international events, DO & CO had the privilege of hosting a number of national events. Highlights include the catering of the national team face-offs of the Austrian Football Association and at various events of the Austrian Skiing Association such as the Four Hills Tournament and the traditional Hahnenkamm ski races in Kitzbühel. DO & CO also provided culinary delights to guests at the lakeside Beach Volleyball Grand Slam at Wörthersee, a red letter event on the summer sports calendar. A further highlight was the staging of the 50th anniversary of Austrian Airlines. Preparations are now in full swing for the largest project ever handled by International Event Catering, the staging of the entire hospitality program for the EURO 2008 in Austria and Switzerland. DO & CO will handle all hospitality services in and around the stadiums and looks forward to this tremendous challenge. As for the 140,000 VIP guests, they can look forward to culinary VIP treatment featuring creative, premium fare.
GB Zahlenteil Neu 7 Englisch:Layout 1 16.10.2008 8:58 Uhr Seite 143 EBITDA for International Event Catering increased by EUR 0.76 million, rising from EUR 3.83 million to EUR 4.59 million. That corresponds to an EBITDA margin of 11.0 % (previous year: 9.8 %). EBIT improved by EUR 0.41 million, rising from EUR 2.63 million to EUR 3.04 million in the year under review. The EBIT margin remained unchanged over the previous year at 7.3 %. The DO & CO Strategy To strengthen its core competence in premium catering as a “Gourmet Entertainment Company” and build on it in order to become a “Gourmet General Contractor” To continue establishing and strengthening DO & CO as a premium event brand To enter new lines of business in the special events segment Preview of Business Year 2008/2009 EURO 2008 in Austria and Switzerland CHIO Riding and Jumping Tournament in Aachen Men’s ATP Masters Series Tournament in Madrid 15 Formula 1 Grand Prix events, including the new Grand Prix in Valencia Competitive Advantage of DO & CO Unmistakable and irreplaceable on the market as a one-stop shop partner with a unique premium product Known for its high reliability, flexibility and adherence to stringent quality criteria, making it a "no headache partner" available to its customers at all times New DO & CO Gourmet Kitchens in Graz, Linz, Bratislava and nine business locations in Turkey that create new opportunities for International Event Catering Sales in EUR millions 35.6 2005 2006 39.0 +10 % 2006 2007 41.7 +6.7 % 2007 2008 EBITDA in EUR millions 3.7 2005 2006 3.8 +4 % 2006 2007 4.6 +20 % 2007 2008 EBIT in EUR millions 2.4 2005 2006 2.6 +10 % 2006 2007 3.0 +16 % 2007 2008 Employees 163 2005 2006 191 +17 % 2006 2007 210 +10 % 2007 2008 143
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Management Report and Consolidated Financial ... - Do & Co

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