Record result

Do&Co increases sales in the 1st quarter

The Viennese caterer Do&Co grew in the first quarter of 2024/25. With a turnover of 551.47 million euros compared to 400.88 million euros in the previous year, the company recorded the strongest quarter in its history.

In the Airline Catering segment alone, turnover increased by 125.05 million euros to 419.58 million euros. The operating result (EBIT) across the Group rose from 28.7 to 36.57 million euros.

Net cash flow declined
The Group result increased from 15.45 to 18.60 million euros. However, net cash flow fell sharply from 21.73 to 12.69 million euros. Free cash flow fell from plus 10.91 to minus 5.82 million euros. The average number of employees (full-time equivalent) increased by around 500 to 14,888 (March 31, 2024: 13,346 employees).

Regarding the outlook, Do&Co said on Thursday that it remains very positive for travel and tourism, with airlines expecting good capacity utilization and even some increases in existing frequencies.