Earnings release
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DOO.CO & c CORPORATE NEWS Results for the first quarter of the business year 2026/2027 1 April 2026 to 30 June 2026 Best first quarter in the company's history Further increase in revenue and earnings - - Sales plus 5.0 % ( at constant currency plus 10.2 % ) - Strong improvement in net result : plus 16.3 % Successful FIFA World Cup 2026 Significant strengthening of DO & CO's brand presence in the US DO & CO - a global market leader in premium airline catering and sports hospitality Numerous new Airline Catering customers Air India and American Airlines at London Heathrow , Thai Airways in Milan , Emirates in Boston and Air Canada in Los Angeles Q1 Divisions and Group 2026/2027 in Q1 2025/2026 in Delta in abs in m € Delta in % m € m € Group revenue 642.11 611.68 +30.43 + 5.0 % Airline Catering 483.55 467.17 +16.39 + 3.5 % International Event Catering 111.52 100.37 +11.15 + 11.1 % Restaurants , Lounges & Hotels 47.04 44.15 +2.89 + 6.5 % EBITDA 78.26 73.21 +5.05 + 6.9 % EBIT 56.50 52.46 +4.03 + 7.7 % Net Result 31.16 26.79 +4.37 + 16.3 % EBITDA margin 12.2 % 12.0 % +0.2 PP EBIT margin 8.8 % 8.6 % +0.2 PP Net Result margin 4.9 % 4.4 % +0.5 PP Employees 16,470 15,896 +574 + 3.6 % VIENNA - 12 August 2026 - DO & CO Aktiengesellschaft is publishing its results under IFRS for the first quarter of the business year 2026/2027 today . In the first quarter of the business year 2026/2027 , the DO & CO Group recorded revenue in the amount of € 642.11m . This constitutes an increase in revenue by 5.0 % at current exchange rates and 10.2 % at constant exchange rates or € 30.43m as compared to the same period of the previous year . 1
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2 The EBITDA margin was 12.2% in the first quarter of the business year 2026/2027 (PY: 12.0%). The EBIT margin was 8.8% in the first quarter of the business year 2026/2027 (PY: 8.6%). As of 30 June 2026, a high amount of cash and cash equivalents amounting to € 269.13m was once again reported. The Group’s equity adjusted by the proposed dividend payment amounts to € 588.83m as of 30 June 2026. The equity ratio thus is 42.9% as of 30 June 2026 (31 March 2026: 42.7%). Below, a detailed account is given on the development of the three divisions of the DO & CO Group: 1. AIRLINE CATERING The Airline Catering division experienced strong growth in the first quarter of the business year 2026/2027. Revenue in the first quarter of the business year 2026/2027 amounts to € 483.55m (PY: € 467.17m). Compared to the previous year, this represents an increase in revenue of € 16.39m or 3.5%; at constant exchange rates, the increase in revenue is 10.0%. At € 57.40m, EBITDA is € 2.67m higher than the figure for the same period of the previous year. EBIT amounts to € 39.94m (PY: € 38.23m). Revenue Q1 2026/2027 in m€ Q1 2025/2026 in m€ Change in m€ Change in % Change in constant FX in % Group revenue 642.11 611.68 +30.43 +5.0% +10.2% Airline Catering 483.55 467.17 +16.39 +3.5% +10.0% International Event Catering 111.52 100.37 +11.15 +11.1% +10.8% Restaurants, Lounges & Hotels 47.04 44.15 +2.89 +6.5% +10.7% Airline Catering Q1 2026/2027 in m€ Q1 2025/2026 in m€ Delta in m€ Delta in % Revenue 483.55 467.17 +16.39 +3.5% EBITDA 57.40 54.74 +2.67 +4.9% EBIT 39.94 38.23 +1.71 +4.5% EBITDA margin 11.9% 11.7% EBIT margin 8.3% 8.2% Share in consolidated revenue 75.3% 76.4%
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3 A consistently high participation in relevant tenders reinforces the established market position as a gourmet caterer and confirms the continuously strong innovative power and consistently high-quality standard of DO & CO. Not only does DO & CO profit from the overall growth in aviation, but also from the airlines’ ongoing investment plans in premium products and services. Strong growth is being recorded in Türkiye, both with the partner Turkish Airlines and with third-party customers. Moreover, the ground was broken for the new state -of-the-art gourmet kitchen spanning 150,000 m² in Istanbul in January 2026, which will become the largest gourmet kitchen for freshly prepared meals and will serve as the foundation for further growth and greater efficiency. DO & CO is particularly proud that, in June, Turkish Airlines was awarded the "APEX Best Food & Beverage in Europe" award for the fifth time. The award is based on verified and anonymous passenger surveys covering more than 600 airlines worldwide. This recognition underscores DO & CO's ongoing commitment to innovation and quality, while reinforcing the Group's est ablished position as a leading gourmet catering provider. DO & CO is experiencing an encouraging increase in customers in the US. In the first quarter of 2026/2027, DO & CO welcomed Royal Air Maroc and EgyptAir for the first time at its Los Angeles location. In Chicago, EgyptAir was also added to the customer portfolio for the first time. Business in the UK saw strong growth in the first quarter of the fiscal year. In addition to a very strong performance with British Airways, the business with third parties has also increased. DO & CO also had a good performance with Iberia at the Madrid location with an ongoing strong focus on quality and efficiency. Thanks to new customers and contract extensions, DO & CO reports a positive business performance also for the locations in Vienna, Germany, Poland, Milan and Seoul in the first quarter of the business year 2026/2027. The geopolitical situation in the Gulf region remained unstable during the first quarter of the business year 2026/2027 and continued to affect business operations, particularly with Gulf-based airlines in the Airline Catering and Airport Lounges business. Thanks to the Group's business model, which features a high proportion of variable costs, the impact on earnings remained limited.
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4 2. INTERNATIONAL EVENT CATERING In the first quarter of the business year 2026/2027, revenue in the International Event Catering division increased to € 111.52m (PY: € 100.37m). Compared to the previous year, this represents an increase in revenue of € 11.15m or 11.1%; at constant exchange rates, the increase in revenue is 10.8%. At € 14.13m, EBITDA is € 2.10m higher than the figure for the same period of the previous year. EBIT amounts to € 11.78m (PY: € 9.82m). The first quarter of the 2026/2027 financial year included the UEFA Champions League Final in Budapest, catering for approximately 8,500 VIP guests, as well as the Formula 1 races in Miami, Canada, Monaco, Barcelona and Spielberg, Austria. The cancellation of the two scheduled races in Bahrain and Saudi Arabia resulted in lower revenue in the quarter, which was, however, more than offset by the FIFA World Cup matches held in June. The first part of the 2026 FIFA World Cup, particularly the group stage matches, took place during this quarter. DO & CO was responsible for selected VIP areas at the Azteca Stadium in Mexico City, the Hard Rock Arena in Miami (which also hosts the annual Formula 1 race), and MetLife Stadium in New York/New Jersey. DO & CO is particularly proud to have been commissioned for this event as well, following the 2022 World Cup in Qatar. This quarter also saw the prestigious ATP Masters tournament in Madrid, which set a new record with 43,000 VIP attendees. The trend at the three Munich event venues - Allianz Arena, Olympic Park, and SAP Garden - continues to be encouraging. At all of these venues, numerous sports and cultural events once again achieved pleasing attendance rates and the highest levels of customer satisfaction. International Event Catering Q1 2026/2027 in m€ Q1 2025/2026 in m€ Delta in m€ Delta in % Revenue 111.52 100.37 +11.15 +11.1% EBITDA 14.13 12.03 +2.10 +17.5% EBIT 11.78 9.82 +1.95 +19.9% EBITDA margin 12.7% 12.0% EBIT margin 10.6% 9.8% Share in consolidated revenue 17.4% 16.4%
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5 3. RESTAURANTS, LOUNGES & HOTELS Revenue and earnings also increased in the Restaurants, Lounges & Hotels division as compared to the previous year. In the first quarter of the business year 2026/2027, the Restaurants, Lounges & Hotels division accounted for revenue of € 47.04m (PY: € 44.15m). Compared to the previous year, this represents an increase in revenue of € 2.89m or 6.5%; at constant exchange rates, the increase in revenue amounts to 10.7%. At € 6.72m, EBIDTA is € 0.28m or 4.3% higher than the figure for the same period of the previous year. EBIT amounts to € 4.78m (PY: € 4.41m). The Restaurants, Lounges & Hotels division is the creative centrepiece and launchpad of the DO & CO Group’s innovation activities. It focuses not only on branding and image but also on innovative ideas for menus and service concepts. They can be scaled up in the International Event Catering and Airline Catering segments, thus significantly contributing The sustained high level of international travel and record numbers in city tourism continue to ensure high occupancy rates of the restaurants, cafés and both boutique hotels in Vienna and Munich. The increase in travel is also reflected in the positive development of airport gastronomy and lounges at several international locations. The retail business with the “Henry - the Art of Living” brand and Demel also recorded rising sales figures, confirming the growing popularity of the brands and the relevance of the concept. 4. OUTLOOK Across all business divisions and regions, DO & CO continues to experience consistently strong demand. Through continuous innovation and top quality in its products and personal service, DO & CO has built up an excellent reputation as a reliable quality supplier and global partner, which forms the essential basis for further strong growth in the Restaurants, Lounges & Hotels Q1 2026/2027 in m€ Q1 2025/2026 in m€ Delta in m€ Delta in % Revenue 47.04 44.15 +2.89 +6.5% EBITDA 6.72 6.44 +0.28 +4.3% EBIT 4.78 4.41 +0.37 +8.3% EBITDA margin 14.3% 14.6% EBIT margin 10.2% 10.0% Share in consolidated revenue 7.3% 7.2%
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6 premium segment. This applies not only to the Airline Catering division, but also to the International Event Catering and Restaurants, Lounges & Hotels divisions. B espoke, customer-focused service and the creation of a unique and distinctive guest experience are key factors in choosing DO & CO as a partner. Added to this is extensive experience in delivering consistent, top quality throughout the world, thereby creat ing added value for customers. The premium segment is in high demand across all areas and is a key driver of growth and profitability. As one of the few providers in the field of high-end hospitality and gourmet catering, DO & CO is significantly benefitti ng from these developments. Therefore, the coming financial year will place a particularly strong focus on innovation, training and employee development. DO & CO places particular emphasis on qualitative growth with a strong focus on sustainable improvement of margins. This is only achievable with premium brands and an exceptional and innovative offer – such as DO & CO’s. Improved training content and processes at the newly organized DO & CO Academy, as well as an optimization program in certain areas of the company, will begin to show results in the coming quarters and lay the foundation for further qualitative growth and margin improvements. The declines in revenue caused by the situation in the Middle East have, for the most part, begun to improve in recent weeks and should return to previous levels within a few weeks. Based on solid financial metrics, strategic investments, and a unique workforce, management continues to see excellent conditions for sustaining growth across all divisions in the future. The Executive Board of DO & CO AG is confident that it will be able to continue the successful course of recent years into the upcoming 2026/2027 fiscal year. The following developments in the individual divisions should be highlighted: Numerous new customers in Airline Catering Despite the cautious forecasts in IATA’s Air Passenger Market Analysis, which indicated a slight decline in passenger numbers at the beginning of 2026/2027, DO & CO was able to improve its figures. In addition, significant new contracts were signed in the first quarter of 2026/2027, which will be reflected in the coming quarters. Starting in September 2026, Air India (approximately 9 flights per day) and American Airlines (up to 22 flights per day) w ill be
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7 supplied with DO & CO gourmet menus at London Heathrow. Furthermore, Thai Airways in Milan (starting in July 2026), Emirates in Boston (starting in October 2026), and Air Canada in Los Angeles (starting in October 2026) were acquired as new customers. In addition, DO & CO expects to gain new customers and renew existing contracts in the coming months. Strong quarter in International Event Catering In general, the order book is expected to remain strong in this division as well. In Formula 1, exciting races are expected in the coming quarter at Silverstone, Spa, Hungary, Zandvoort, Monza, and Baku. A special highlight will be the Spanish capital’s debut as a Formula 1 host city on the new “Circuito de Madring” street circuit in September 2026. It’s good news that the canceled race in Bahrain will be rescheduled for October 2– 4, 2026, in Malaysia. The knockout stage and the final matches, including the third -place match in Miami and the FIFA World Cup final at MetLife Stadium in New York, are likely to have significantly boosted DO & CO’s brand awareness in the American market thanks to the company’s excellent performance, thereby paving the way for strong growth in the coming years. In Austria, the Film Festival at Vienna’s Rathausplatz takes place in July and August, as every year, and is one of Europe’s largest cultural and culinary festivals. In Germany as well - with its unique venues such as SAP Garden, Olympic Park, and Allianz Arena - the event calendar is very well booked through the end of the fiscal year with a variety of sports and cultural events. Product innovations, the creation of unique guest experiences, and a highly motivated team that consistently delivers reliable, high-quality service regardless of the location are the cornerstones of sustainable success here as well, and they lead to repea t business. Ultimately, there is no better marketing and selling point than “word of mouth” on the customer’s own experience. Restaurants, cafes, gourmet retail and airport dining The Restaurants, Lounges & Hotels division, the DO & CO Group’s creative core, is also expecting solid growth and good margins.
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8 The restaurants as well as both boutique hotels in Vienna and Munich benefit from international tourism and are reporting pleasing occupancy rates. The DO & CO flagship location on Vienna’s Stephansplatz is currently undergoing a complete renovation - after nearly 20 years. The reopening of the two restaurants and the DO & CO Hotel, featuring significant room upgrades, a new design, and innovative concepts, is scheduled for October 2026. Equally pleasing is the trend in airline lounges, where a further increase in passenger numbers is expected due to the rise in air traffic. Overall, the outlook therefore remains positive. Management is confident that, provided market conditions remain stable, the Company will be able to achieve its stated targets.
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9 Investor Relations DO & CO Aktiengesellschaft ISIN AT0000818802 Johannes Cerny Security abbreviation DOC, DOCO Stephansplatz 12 Reuters DOCO.VI, DOCO.IS 1010 Vienna Bloomberg DOC AV, DOCO. TI Number of shares 10,983,458 Listed nominal amount 21,966,916 EUR Indices ATX, ATX Prime, BIST ALL Phone: +43 664 80777 2416 Official quotation Vienna, Istanbul E-mail: investor.relations@doco.com Currency EUR, TRY Internet: www.doco.com Initial listing 30 June 1998 (Vienna Stock Exchange) 2 December 2010 (Istanbul Stock Exchange)