DO & CO (DOC) investor relations material

Executive summary

• Achieved record financial results for 2025/2026, with revenue up 7.1% to €2.461 billion and net result up 14.4% to €105.8 million, meeting all strategic and financial targets.

• EBITDA and EBIT reached all-time highs at €300.63 million (+14.6%) and €212.28 million (+15.6%), respectively.

• Positioned as a global premium brand, expanding presence in major sporting events and airline catering, with teamwork highlighted.

• Awarded key contracts for the 2026 FIFA World Cup in Mexico, Miami, and New York, and American Airlines in Chicago.

Financial highlights

• Revenue reached €2.46159 billion, up 7.1% year-over-year (17.6% at constant currency), the highest ever.

• EBITDA rose 14.6% to €300.63 million; EBIT up 15.6% to €212.28 million; net result increased 14.4% to €105.8 million.

• EBITDA margin improved to 12.2%, EBIT margin to 8.6%, and net result margin to 4.3%.

• Free cash flow surged 80% to €225.9 million; cash and cash equivalents increased to €240.80 million.

• Net debt/EBITDA ratio at 0.05; equity ratio improved to 42.7%.

Outlook and guidance

• Targeting 7%-8% reported revenue growth and double-digit growth at constant currency for 2026/2027, assuming current Middle East conditions persist.

• EBIT margin guidance for 2026/2027 is 8.6%-9%, with a longer-term goal of reaching 9%-10%.

• World Cup expected to contribute $30–40 million in revenue; major events like Formula 1 races to boost event catering.

• Revenue forecast for the next year is €2.6–2.7 billion, with €2.9–3.0 billion targeted for the following year, excluding M&A.

• Focus remains on innovation, employee development, and sustainable margin improvement.