Declared Dividend • Jun 14
Dividend increased to €2.50 Dividend of €2.50 is 25% higher than last year. Ex-date: 28th July 2026 Payment date: 30th July 2026 Dividend yield will be 1.2%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 8.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • Mar 16
DO & CO Aktiengesellschaft, Annual General Meeting, Jul 23, 2026 DO & CO Aktiengesellschaft, Annual General Meeting, Jul 23, 2026. Ankündigung • Jun 13
DO & CO Aktiengesellschaft, Annual General Meeting, Jul 10, 2025 DO & CO Aktiengesellschaft, Annual General Meeting, Jul 10, 2025. Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €165, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 11x in the Commercial Services industry in Germany. Total returns to shareholders of 114% over the past three years. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €151, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Commercial Services industry in Germany. Total returns to shareholders of 96% over the past three years. Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: €1.69 (vs €1.50 in 1Q 2024) First quarter 2025 results: EPS: €1.69 (up from €1.50 in 1Q 2024). Revenue: €558.3m (up 39% from 1Q 2024). Net income: €18.6m (up 20% from 1Q 2024). Profit margin: 3.3% (down from 3.9% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 28
Full year 2024 earnings released: EPS: €6.24 (vs €3.44 in FY 2023) Full year 2024 results: EPS: €6.24 (up from €3.44 in FY 2023). Revenue: €1.83b (up 29% from FY 2023). Net income: €66.2m (up 97% from FY 2023). Profit margin: 3.6% (up from 2.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: €1.63 (vs €1.16 in 3Q 2023) Third quarter 2024 results: EPS: €1.63 (up from €1.16 in 3Q 2023). Revenue: €481.6m (up 30% from 3Q 2023). Net income: €17.4m (up 54% from 3Q 2023). Profit margin: 3.6% (up from 3.0% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 3.8% decline forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 17
Second quarter 2024 earnings released: EPS: €1.90 (vs €1.10 in 2Q 2023) Second quarter 2024 results: EPS: €1.90 (up from €1.10 in 2Q 2023). Revenue: €485.3m (up 28% from 2Q 2023). Net income: €20.0m (up 87% from 2Q 2023). Profit margin: 4.1% (up from 2.8% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Ankündigung • Aug 11
DO & CO Aktiengesellschaft Announces Executive Board Appointments DO & CO Aktiengesellschaft expanded the executive board to five members and has appointed Mrs. Bettina Höfinger, Mr. M.Serdar Erden and Mr. Johannes Echeverria to the board The appointment takes effect from September 1, 2023 for a duration of three years with an option to extend for an additional 2 years, subject to mutual agreement. In this context, the mandates of the current board members have also been extended for the same duration. The new executive board is composed as follows:Attila Dogudan Chief Executive Officer (CEO) M.Serdar Erden Chief Operating Officer (COO) Johannes Echeverria Chief Financial Officer (CFO) Bettina Höfinger Chief Legal Officer (CLO)Attila Dogudan jun. Reported Earnings • Aug 11
First quarter 2024 earnings released: EPS: €1.50 (vs €0.34 in 1Q 2023) First quarter 2024 results: EPS: €1.50 (up from €0.34 in 1Q 2023). Revenue: €400.9m (up 39% from 1Q 2023). Net income: €15.5m (up 361% from 1Q 2023). Profit margin: 3.9% (up from 1.2% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Ankündigung • Jul 23
DO & CO Aktiengesellschaft Approves Dividend for the Year 2022/2023 Year, Payable on 27 July 2023 DO & CO Aktiengesellschaft at the General Meeting of Shareholders of Company held on 20 July 2023 resolved to distribute a dividend of EUR 1.00 per single share for the 2022/2023 business year. The dividend will be paid minus a capital gains tax of 27.5 %, providing there is no exemption on the levying of capital gains tax, starting on 27 July 2023, by way of a credit note at the respective custodian bank. Paying agent Erste Group Bank AG, Wien. Ex dividend trade at the Vienna Stock Exchange: starting on 24 July 2023. Ankündigung • Jul 01
DO & CO Aktiengesellschaft Announces Board Changes The supervisory board of DO & CO Aktiengesellschaft has, because of the rapid growth, resolved to expand the Executive Board to 4 members by the end of August 2023, at the latest. Mag. Gottfried Neumeister is leaving the Executive Board at his own request at the end of his term of office on 30 June 2023 but will, as an advisor, remain closely associated with the company. New Risk • Jun 19
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 43% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (43% net debt to equity). Shareholders have been diluted in the past year (5.3% increase in shares outstanding). Reported Earnings • Jun 17
Full year 2023 earnings released: EPS: €3.44 (vs €1.13 in FY 2022) Full year 2023 results: EPS: €3.44 (up from €1.13 in FY 2022). Revenue: €1.44b (up 104% from FY 2022). Net income: €33.6m (up 206% from FY 2022). Profit margin: 2.3% (up from 1.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 20
Third quarter 2023 earnings released: EPS: €1.16 (vs €0.71 in 3Q 2022) Third quarter 2023 results: EPS: €1.16 (up from €0.71 in 3Q 2022). Revenue: €371.5m (up 78% from 3Q 2022). Net income: €11.3m (up 63% from 3Q 2022). Profit margin: 3.0% (down from 3.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Ankündigung • Feb 07
DO & CO Aktiengesellschaft announced that it has received €100 million in funding DO & CO Aktiengesellschaft announced a private placement of 1,000 convertible bonds at an issue price of €100,000 per bond for gross proceeds of €100,000,000 on February 6, 2023. The bonds will mature on January 28, 2026. Reported Earnings • Nov 19
Second quarter 2023 earnings released: EPS: €1.10 (vs €0.58 in 2Q 2022) Second quarter 2023 results: EPS: €1.10 (up from €0.58 in 2Q 2022). Revenue: €378.9m (up 107% from 2Q 2022). Net income: €10.7m (up 91% from 2Q 2022). Profit margin: 2.8% (down from 3.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Aug 13
First quarter 2023 earnings released: EPS: €0.34 (vs €0.22 in 1Q 2022) First quarter 2023 results: EPS: €0.34 (up from €0.22 in 1Q 2022). Revenue: €288.3m (up 180% from 1Q 2022). Net income: €3.35m (up 54% from 1Q 2022). Profit margin: 1.2% (down from 2.1% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 31%, compared to a 5.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 1% per year. Ankündigung • Aug 12
DO & CO Aktiengesellschaft to Report Q3, 2023 Results on Feb 16, 2023 DO & CO Aktiengesellschaft announced that they will report Q3, 2023 results on Feb 16, 2023 Reported Earnings • Jun 17
Full year 2022 earnings released: EPS: €1.13 (vs €3.64 loss in FY 2021) Full year 2022 results: EPS: €1.13 (up from €3.64 loss in FY 2021). Revenue: €755.0m (up 198% from FY 2021). Net income: €11.0m (up €46.5m from FY 2021). Profit margin: 1.5% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 43%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €71.70, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 13x in the Commercial Services industry in Europe. Total loss to shareholders of 3.0% over the past three years. Reported Earnings • Feb 20
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: €0.69 (up from €0.18 in 3Q 2021). Revenue: €209.0m (up 166% from 3Q 2021). Net income: €6.72m (up 291% from 3Q 2021). Profit margin: 3.2% (up from 2.2% in 3Q 2021). Revenue exceeded analyst estimates by 7.2%. Over the next year, revenue is forecast to grow 78%, compared to a 24% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Nov 21
Second quarter 2022 earnings released: EPS €0.55 (vs €1.55 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: €183.2m (up 132% from 2Q 2021). Net income: €5.36m (up €20.5m from 2Q 2021). Profit margin: 2.9% (up from net loss in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 14
First quarter 2022 earnings released: EPS €0.20 (vs €2.27 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: €102.8m (up 217% from 1Q 2021). Net income: €1.96m (up €24.1m from 1Q 2021). Profit margin: 1.9% (up from net loss in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 20
Full year 2021 earnings released: €3.64 loss per share (vs €2.55 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: €253.5m (down 73% from FY 2020). Net loss: €35.5m (loss widened 43% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 09
New 90-day high: €70.50 The company is up 34% from its price of €52.70 on 09 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €120 per share. Reported Earnings • Feb 21
Third quarter 2021 earnings released: EPS €0.18 (vs €0.66 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €87.3m (down 65% from 3Q 2020). Net income: €1.72m (down 73% from 3Q 2020). Profit margin: 2.0% (down from 2.6% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 98% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Ankündigung • Jan 22
DO & CO Aktiengesellschaft announced that it expects to receive €100 million in funding DO & CO Aktiengesellschaft (WBAG:DOC) announced private placement of 1,000 senior unsecured convertible bonds due January 2026 at a price of €100,000 per bond for gross proceeds of €100,000,000 on January 21, 2021. The bonds are convertible at an initial conversion price of €80.6301 per share into up to 1,350,000 shares representing up to approximately 12.17% stake after conversion. The bonds will mature in January 2026, placed at 100% of their principal amount, and with a coupon of 1.75% per annum payable semi-annually in arrears. The bonds are redeemable at principal amount upon expiry of a period of more than 3 years after the settlement, if the price of the shares is equal to or exceeds 130% of the then prevailing conversion price over a specified period, or if 20% or less of the aggregate principal amount of the bonds remains outstanding. The settlement of the bonds is expected to take place on or about January 28, 2021. The company has agreed, subject to certain customary exemptions, to a lock-up period of 90 days after the settlement. The bonds have been placed in an accelerated bookbuilding solely to institutional investors outside the United States of America in reliance on Regulation S under Securities Act of 1933, as amended, as well as outside of Australia, Canada, Japan and any other jurisdiction in which offers or sales of the Bonds would have been prohibited by applicable law. Is New 90 Day High Low • Dec 23
New 90-day high: €57.60 The company is up 73% from its price of €33.20 on 24 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 29% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €85.27 per share. Reported Earnings • Nov 22
Second quarter 2021 earnings released: €1.55 loss per share The company reported a poor second quarter result with weaker earnings, revenues and control over expenses. Second quarter 2021 results: Revenue: €78.9m (down 70% from 2Q 2020). Net loss: €15.1m (down 263% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 81% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Is New 90 Day High Low • Nov 16
New 90-day high: €41.50 The company is up 9.0% from its price of €38.20 on 18 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €82.45 per share. Is New 90 Day High Low • Oct 27
New 90-day low: €31.25 The company is down 32% from its price of €46.10 on 29 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €63.10 per share. Is New 90 Day High Low • Sep 23
New 90-day low: €34.35 The company is down 25% from its price of €46.05 on 25 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €72.40 per share. 
