DO & CO Company News - Covid-19 wrecks 1Q 20/21 results as expected
DO & CO reported 1Q 20/21 figures (April-June) that were, as expected, heavily impacted by Covid-19.-Revenue collapsed by 87% yoy to EUR 32.47 mn. The segment contribution was as follows:
§Airline catering revenue of EUR 23.93 mn (-86.2% yoy)
§International event catering revenue of EUR 1.99 mn (-95.1% yoy)
§Restaurants, lounges and hotels revenue of EUR 6.56 mn (-80.6% yoy)
Do & Co AG is a foodservice company. Co. maintains three business divisions. Its Airline Catering division provides gourmet food for passengers of airline companies such as Austrian Airlines, Turkish Airlines, Air France on long-haul flights. Co.'s flying cooks prepare fresh meals on-board. The International Event Catering division provides services such as handling the menu and the provision of food for sporting events, including tennis and golf tournaments, skiing events and Formula One Grand Prix races. The Restaurants, Lounges & Hotel division operates three restaurants; five restaurants with bars and one at the Casino Baden, and three bakeries under the Demel brand.
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