AUSTRIA: DO & CO EXPANDING ABROAD
Article Abstract:
The Austrian catering company Do & Co is to open a production plant in New York in December 1999. In 2000 others will be opened in Miami, Berlin, Frankfurt and Barcelona and in 2001 in the Far East, Dusseldorf, Munich, Paris and Madrid. The investment amounts to about Sch 50mn per location. Foreign operations account for 40% of Do & Co's turnover and more than two-thirds of profits. In 1999 the company expects a 13% increase in pre-tax profits, while turnover should grow 10% to Sch 1bn. While airline catering and event catering are developing well, the company's restaurant sector is stagnating. In the airline segment Do & Co is setting hopes on cooperation with British Airways, which it hopes to convince other airlines of the Austrian company's quality.
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 1999
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AUSTRIA: WIENERWALD INTO THE BLACK
Article Abstract:
In Austria, the restaurant chain Wienerwald returned into the black in 1999 after ten years in the red. Profits on ordinary activities totalled Sch 3.3mn on a turnover of Sch 300mn between April and December 1999. For the whole year 2000, Wienerwald is expecting profits of Sch 14mn on a turnover of Sch 400mn. The company is to invest Sch 16mn in a new advertising campaign and the modernisation of the 32 restaurants in Austria. The 130 restaurants in Germany are still in the red. If the new concept is successful in Austria, it might be introduced also in the neighbouring country. The German chain might also be sold if the profitability cannot be improved.
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 2000
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