DO and CO Success: Record Catering Growth in Austria in 2023 Vienna-based caterer DO and CO posted record revenue of 1.82 billion euros in 2023, with profit doubling and staff growing 16%. Here is how they did it. Topics: News, Business.

DO and CO Success: Record Catering Growth in Austria in 2023

Vienna-based catering company DO and CO has posted remarkable results. According to the latest data, revenue grew by 28.2 percent to a record 1.82 billion euros. Profit doubled to 53 million euros, and employee numbers rose 16 percent to 13,350. How did the company achieve such success?

Revenue and profit growth

DO and CO continues to impress with its financial performance. In 2023, revenue increased 28.2 percent to 1.82 billion euros. Profit doubled to 53 million euros, while EBITDA rose 38.5 percent to 150.3 million euros. This growth signals stability and a successful business strategy.

Employee growth

The workforce expanded significantly from 11,400 to 13,350 employees, reflecting serious company growth and expansion. Success was recorded across all three main business divisions: airline catering, international event catering, and restaurants, lounges and hotels.

Division performance

Airline catering grew 42.5 percent year-on-year. International event catering increased by 28.2 percent. Restaurants, lounges and hotels grew 15.6 percent.

Major events DO and CO not only achieved record financial results but also participated in major events. The company provided VIP catering for the UEFA Euro 2024 and continues as a Formula 1 partner, serving guests at races. This participation confirms its status as a market leader in Austria and beyond.

Investment and future

Founder Attila Dogudan notes that successful investments and expansion in the American market played a key role in achieving these results. The company is not only recovering from the COVID-19 pandemic but also preparing for major future growth.

Conclusion DO and CO achieved impressive results in 2023: increased profit and revenue, employee growth, and active participation in major international events. These achievements demonstrate stability and a successful development strategy.