DO & CO Aktiengesellschaft Achieves Remarkable Q3 Growth, Driven by Airline Catering Demand

In a report released today, Henrik Paganetty from Jefferies maintained a Buy rating on DO & CO Aktiengesellschaft (0E64 – Research Report), with a price target of €212.00.

Henrik Paganetty’s rating is based on the impressive performance demonstrated by DO & CO Aktiengesellschaft in the third quarter of the 2024/25 fiscal year. The company reported a significant increase in sales, reaching €643 million, which marks a 34% year-over-year growth and surpasses market expectations by 25%. This growth was predominantly fueled by robust demand in their Airline Catering segment.
Moreover, the company’s EBIT for the quarter was €56 million, reflecting a 52% increase from the previous year and exceeding consensus estimates by 28%. The improved EBIT margin of 8.7%, compared to 7.7% in the previous year, can be attributed to better kitchen utilization. Additionally, the management’s positive outlook, contingent on stable market conditions, further supports the Buy rating as they are confident in achieving their strategic objectives.

In another report released on January 29, Kepler Capital also maintained a Buy rating on the stock with a €210.00 price target.