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DO & CO (DOC) investor relations material
DO & CO Q1 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved record Q1 revenue of €611.7 million, up 11% year-over-year, with strong growth and demand across all divisions and regions, reflecting a resilient and innovative business model.
Net result increased 44% to €26.8 million, with EPS at €2.44, and all key margins improved significantly.
Free cash flow turned positive at €23 million, compared to negative €5.8 million last year; equity ratio improved to 37.8%.
Management expects continued strong demand and growth, targeting €3 billion in revenue within 2–3 years and aiming for sustainable double-digit EBIT margin.
Financial health is strong, with resilience in challenging times and the ability to capitalize on market opportunities.
Financial highlights
Revenue reached €611.7 million (+10.9% YoY); EBITDA rose 32.7% to €73.2 million; EBIT up 43.5% to €52.5 million.
Net result margin improved to 4.4%; EPS at €2.44 (+44% YoY); equity ratio at 37.8% (+2.0pp YoY).
Free cash flow was €23 million, a turnaround from -€5.8 million last year; net debt/EBITDA reduced to 0.5.
Depreciation up 11.6%; tax ratio at 24.2%; average number of employees rose 6.8% to 15,896.
Market capitalization at period end: €1,990.2 million.
Outlook and guidance
Full-year sales guidance remains at 8–10% growth, with an EBIT margin target of 8.5%, supported by efficiency gains and operational leverage.
Midterm targets include organic growth of 8–10% and reaching €3 billion in revenue within 2–3 years.
Strong demand expected across all divisions, with robust event calendar and new contracts in airline and event catering.
No change in guidance despite FX headwinds and hyperinflation; natural hedging and manageable impacts.
Management confident in meeting company goals, assuming stable market conditions.
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