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

GB Zahlenteil Neu 7 Englisch:Layout 1 16.10.2008 8:58 Uhr Seite 144
144
RESTAURANTS, LOUNGES & HOTEL
The business year 2007/2008 saw Restaurants, Lounges & Hotel achieve healthy
sales growth of EUR 17.21 million, for total sales of EUR 61.02 million (previous
year: EUR 43.82 million). This growth is mainly attributable to the sterling performance
of classic DO & CO business locations as well as the opening of the BMW
World and the inclusion of the lounges and cafeterias at Vienna International Airport in
the group accounts. Even with this considerable expansion of business, Restaurants,
Lounges and Hotel saw its share in consolidated sales fall from 21.2 % to 17.3 %
in the year under review owing to the even greater proportional growth of Airline
Catering.
Restaurants, Lounges & Hotel
Business Year (April – March)
2007/2008
in m €
2006/2007
in m €
Change
in %
Change
in m €
2005/2006
in m €
Sales 61.02 43.82 17.20 39.3% 31.79
EBITDA 4.44 2.48 1.96 79.0% 2.29
Depreciation/amortization -2.07 -1.56 -0.51 -32.7% -1.67
EBIT 2.37 0.92 1.45 157.6% 0.62
EBITDA margin 7.3% 5.7% 7.2%
EBIT margin 3.9% 2.1% 2.0%
The opening of the BMW World in Munich in October 2007 was a special highlight
for the Restaurants, Lounges & Hotel Division. DO & CO has several outlets in
this complex built by the award-winning Austrian architectural firm COOP
HIMMELB(L)AU, so it can provide the public with a broad range of culinary products
and services spread over several stories. The exclusive Club Restaurant with seating for
60 features a kitchen with an open view from all sides. A second top establishment,
the Internationale Restaurant, has indoor seating for 150 and additional outdoor
seating for 150 on a beautiful terrace. The bistro on the ground floor has an openview
bakery where guests can watch fresh baked products being produced on-site
for the four outlets in the complex. The Coffee Shop completes the range of culinary
establishments and offers a fine selection of tea and coffee specialties along with
delectable sweets from Demel.
Casinos Austria remodeled the facilities at Casino Baden from July to November 2007.
The catering facilities at the Swarovski Crystal Worlds were also renovated in
2007/2008. The restaurant areas were enlarged in the course of the renovation and
the nearly two-month shutdown of the business location.
Ever since Austrian Airlines moved its headquarters to Vienna International Airport,
DO & CO has been operating a staff restaurant that provides Austrian Airlines staff at
headquarters with fresh, top quality fare.
The culinary outlets DO & CO operates at the British Museum in London have shown
encouraging growth. With some six million visitors a year, the British Museum is England’s
most-visited museum. Among its recent activities, the museum staged a highly
successful exhibition entitled “First Emperor” from September 2007 through April
2008 that attracted more than one million visitors.