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 146 146 Attila Dogudan Privatstiftung 50.5 % DWS Investment GmbH 5 % DZR Immobilien und Beteiligungs GmbH 20.4 % Free float 24.1 % DO & CO share price in EUR ATX indexed (Austrian traded index) DO & CO STOCK/INVESTOR RELATIONS The Vienna Stock Exchange saw months of extremely volatile trading in 2007 and the first quarter of 2008. Buoyed by good economic and business news; ATX, the leading Austrian index hit an all-time high of nearly 5,000 points in July 2007. In the months that followed, prices declined parallel to those on international exchanges. The subprime crisis in the US was the major reason for this downturn. The ATX closed the year at 4,513 points, managing a final 1.1 percent price rally to end the year with a performance just in the positive range. The extreme volatility and pronounced downward trend continued in the initial months of the calendar year. After extremely turbulent months, the ATX stood at 3,766 points at 31 March 2008. DO & CO Stock Following the capital increase in March 2007, DO & CO Restaurants & Catering Aktiengesellschaft once again satisfies all criteria for listing in the Prime Market (free float above 25 % again). On 19 March 2007, it returned to trading on the Prime Market after a review by the ATX Committee. The price movements of DO & CO stock were largely shaped by the trend on the Austrian stock market and on international exchanges. Shares were trading at the start of the business year at EUR 24.50 before reaching an all-time high of EUR 26.00 in April 2007. Over the ensuing months, the price of DO & CO stock declined and by 31 March 2008, shares were trading at EUR 16.60. This price corresponds to market capitalization of EUR 129.40 million. A 1-on-4 stock split was carried out on 17 August 2007, increasing the number of shares from 1,948,800 to 7,795,200. The price of DO & CO shares was simultaneously reduced to one-fourth of the last price quoted. DO & CO Stock in EUR ATX (Austrian Traded Index)
GB Zahlenteil Neu 7 Englisch:Layout 1 16.10.2008 8:58 Uhr Seite 147 Shareholders’ Structure The private foundation Attila Dogudan Privatstiftung remained the majority shareholder in DO & CO Restaurants & Catering Aktiengesellschaft in the year under review with a stake of 50.5 %. DZR Immobilien und Beteiligungs GmbH (a wholly-owned subsidiary of Raiffeisen-Holding Niederösterreich-Wien reg. Gen.m.b.H.) decreased its stake from 32.9 % to 25.1 % during the business year and once again in March 2007 in the course of the capital increase from 25.1 % to 20.4 %. DWS Investment GmbH retains a share of more than 5 %. The remaining shares are in free float (all stakes refer to the time at which the consolidated financial statements were prepared). Financial Calendar 12 June 2008: Business results for 2007/2008 10 July 2008: General Meeting 14 July 2008: Ex-dividend date 31 July 2008 Payable date 21 August 2008: Business results for the first quarter (April to June 2008) 13 November 2008: Mid-term business results (April to September 2008) 19 February 2009: Business results for the first three quarters (April to December 2008) Dividend Distribution The Management Board of DO & CO Restaurants & Catering Aktiengesellschaft will propose to the General Meeting of Shareholders that a dividend of EUR 0.15 per share be distributed for the business year 2007/2008. This corresponds to a dividend yield of 0.90 % in relation to the closing price on 31 March 2008 (previous year: 0.52 %). Authorized Capital The General Meeting of Shareholders on 5 July 2007 gave the Management Board the right until 30 June 2012 to increase the share capital on approval by the Supervisory Board by up to a further EUR 7,795,200.00 in exchange for cash contributions and/or contributions in kind through the issuance of up to 3,897,600 shares of ordinary stock. The Management Board did not exercise this right in the year under review. Investor Relations With its unique focus on the core segments Airline Catering, International Event Catering, and Restaurants, Lounges & Hotel; DO & CO has evolved over the years into a visible and formidable player on the global market. It is precisely this strategic orientation as a “Gourmet Entertainment Company” which renders DO & CO so difficult to benchmark adequately against other companies. That makes it all the more important for the company to involve private and institutional investors and analysts in the company’s development by pursuing a modern and straight-forward information policy. DO & CO is committed to clear-cut communications with all target groups in the financial community. To this end, it announced business results at regular intervals throughout the business year and disclosed relevant events in press releases. All published materials and information of interest on DO & CO stock are posted under Investor Relations on the DO & CO homepage at www.doco.com. Members of the Management Board and management of the DO & CO Group staged numerous road shows throughout Europe again in the year under review. DO & CO was also represented at investor conferences in Turkey and Austria. 147
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