DO & CO

What DO & CO does

DO & CO Aktiengesellschaft is a publicly listed Austrian premium hospitality group (Vienna Stock Exchange, ticker DOCOF; ISIN AT0000818802) operating across three integrated business segments — Airline Catering, International Event Catering, and Restaurants, Lounges & Hotels. Headquartered at Stephansplatz 12 in Vienna, the company employs more than 10,000 staff and operates 32 gourmet kitchens in 12 countries across 3 continents (Europe, the Americas, and Asia). For Q3 fiscal 2025/2026, the company reported nine-month revenue of EUR 1.236 billion (+5% reported, +18% at constant currency), EBITDA of EUR 227.7 million (+16%), and net profit of EUR 84 million (+16%), with management guiding to a EUR 3 billion revenue target within 2-3 years and an 8.5%+ EBIT margin.

The company's core offering is premium culinary experiences delivered across three distinct channels. In Airline Catering, DO & CO serves more than 60 partner airlines — including Turkish Airlines (through a dedicated joint venture building the company's largest kitchen globally, ramping from 230,000 to 500,000 meals daily), British Airways, Emirates, Lufthansa, Austrian Airlines, Qatar Airways, Singapore Airlines, and Delta Air Lines — with end-to-end customized onboard concepts comprising menu design, board menus, cabin crew procedures and training, and proprietary crockery/packaging, supported by the Flying Chef program (developed in 1996 with Lauda-Air) that places DO & CO chefs onboard long-haul business class flights. International Event Catering covers exclusive, long-tenured engagements with Formula 1 Paddock Club (since 1992, covering 19 Grands Prix in 18 countries), FC Bayern München Allianz Arena (since 2014), UEFA Champions League Finals, ATP Tennis Masters Madrid, Red Bull Salzburg, Austria Wien, Olympiapark München, and Vienna's Hofburg and Film Festival Rathausplatz, with capacity scaled from 2 to 250,000 guests per event. The Restaurants, Lounges & Hotels segment operates a portfolio of premium brands — DO & CO (restaurants at Stephansplatz, Albertina, Munich; boutique hotels in Vienna with 43 rooms and Munich with 31 rooms, the latter awarded a Michelin Key in 2024), Demel (K.u.K. Hofzuckerbäckerei since 1768), Hédiard (French luxury food stores since 1854), Henry gourmet retail, Aioli, Onyx Asian dining — plus 31 airport lounges (Emirates Lounges at LHR/MUC/FRA/DUS and Turkish Airlines Lounges at IST/ADA/BZI/TZX) and executive jet catering operations in New York, Chicago, and Los Angeles.

Revenue mechanics are predominantly transaction-fee based — per-meal/per-service pricing on multi-year enterprise contracts for airlines, event-based contracts for sports and corporate hospitality, and per-cover/per-room pricing for restaurants, lounges, and hotels. The company monetizes its proprietary assets (Flying Chef program, heritage brands Demel and Hédiard, in-house design team for onboard concepts) as well as its physical infrastructure (32 airport-adjacent kitchens, dedicated joint-venture capacity in Turkey) to capture premium pricing in segments where competitors — Gate Gourmet, LSG Sky Chefs, Servair — typically compete on cost. Go-to-market combines enterprise field sales for airline tenders, direct sales for event organizers and venue partnerships (e.g., Vienna Airport Terminal 3 Southern Expansion due 2027), and direct-to-consumer retail/restaurant operations under the Demel, Henry, and DO & CO brands. Ownership is approximately 30% Attila Dogudan Privatstiftung (family foundation) and ~70% public free float, with Attila Dogudan as CEO, Attila Dogudan Jun. as CCO, and a stable Austrian executive team.

Name

DO & CO

Legal name

DO & CO Aktiengesellschaft

Website

https://doco.com

Company type

Public

Founded year

1996

Operating status

Operating

Headcount range

10,001+ employees

Short description

DO & CO is a publicly listed Austrian premium hospitality group operating 32 gourmet kitchens across 12 countries, serving 60+ airlines, exclusive sports events (Formula 1, FC Bayern München, UEFA), and a portfolio of heritage restaurants, hotels, lounges, and retail brands including Demel and Hédiard.

Ownership category

akta.pro rank

Product category

Premium Airline Catering and Hospitality Services

NAICS

Caterers (722320), Full-Service Restaurants (722511), Accommodation and Food Services (72)

SIC

Retail-Eating & Drinking Places (5810), Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro primary industry

In-Flight Catering & Meal Services (THABAMAA)

akta.pro secondary industries

Concession & Stadium / Arena Catering (THAFAIAG), Special Occasion & Destination Restaurants (THAFACAK), Hotel & Resort Restaurants (THAFACAH)

Keywords

• Premium airline catering
• International event catering
• Airport lounge operations
• Boutique hospitality hotels
• Gourmet entertainment services

Headquarters

HQ city

Wiener Neustadt

HQ country

Austria

HQ region

Europe

Offices23 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Airline Catering: Premium airline catering services generating the largest share of revenue. DO & CO serves 60+ partner airlines globally with customized onboard concepts, Flying Chef programs, and capacity expansion including building largest kitchen in Turkey for Turkish Airlines with capacity increasing from 230,000 to 500,000 meals daily.
2. International Event Catering: Catering for sports events (Formula 1, UEFA Champions League, FC Bayern München, ATP tennis), corporate events, and private parties. Events range from intimate gatherings to 250,000 guests. Major partnerships include Formula 1 Paddock Club since 1992, FC Bayern München since 2014.
3. Restaurants, Lounges & Hotels: DO & CO Restaurant Stephansplatz, DO & CO Restaurant Albertina, DO & CO Hotel Vienna (43 rooms), DO & CO Hotel Munich (31 rooms awarded Michelin Key 2024), Demel cafés, Henry gourmet shops, Hédiard luxury food stores, and 31 airport lounges serving 4.6 million passengers annually.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels8 records

Core offering

DO & CO is a publicly listed Austrian premium hospitality group providing gourmet entertainment services across three business segments: Airline Catering (premium onboard dining for 60+ partner airlines including Turkish Airlines, British Airways, Emirates and the proprietary Flying Chef program), International Event Catering (Formula 1 Paddock Club since 1992, FC Bayern München since 2014, UEFA Champions League Finals, ATP Tennis Masters, and corporate events from 2 to 250,000 guests), and Restaurants, Lounges & Hotels (DO & CO restaurants and boutique hotels in Vienna and Munich, 31 airport lounges serving 4.6 million passengers annually, Demel cafés, Hédiard luxury food stores, Henry gourmet shops, and Aioli Mediterranean venues).

Product overview

DO & CO is a premium Austrian hospitality company operating three core business divisions: Airline Catering (the largest revenue generator), International Event Catering, and Restaurants, Lounges & Hotels. The company operates 32 Gourmet Kitchens in 12 countries across 3 continents. Its brand portfolio includes the premium DO & CO brand (international gourmet entertainment), Demel (artisan confectionary since 1768), Hédiard (French luxury food stores since 1854), HENRY (organic to-go products), and Aioli (casual Mediterranean cuisine). The restaurants include DO & CO Restaurant Stephansplatz, ONYX Restaurant, DO & CO Hotel Vienna (43 rooms), DO & CO Albertina Restaurant, DO & CO Hotel Munich (Michelin Key 2024, 31 rooms), DO & CO Bistro Munich, and DO & CO Restaurant Munich. Special services include Flying Chefs (chefs on board business class flights), Executive Jets Catering, and customized onboard concepts for over 60 partner airlines. Event catering covers Formula 1 Paddock Club, FC Bayern München, UEFA Champions League Finals, and permanent event venues.

Differentiator

Problem solved

Functional benefit

Brands

• Demel: K. u. K. Hofzuckerbäckerei – Viennese artisan cakes and confectionery brand since 1768. Specializes in high-quality handcraft and finest confectionary as exclusive patisserie brand.
• Hédiard
• Henry – the art of living
• Aioli
• Onyx
• Flying Chef

Products and services

• Premium Airline Catering End-to-end premium airline catering including menu design, customized onboard concepts, Flying Chef business class service, crew training, lounge catering, and packaging design delivered via 32 gourmet kitchens across 12 countries for 60+ airline partners globally.
• Flying Chef Onboard Service Proprietary onboard culinary concept where DO & CO chefs serve as part of the airline crew, responsible for product presentation and culinary assistance in Business Class on long-haul flights of partner airlines.
• Executive Jet Catering VVIP executive jet catering service from dedicated facilities in Vienna, New York (JFK), Chicago (ORD) and Los Angeles (LAX), offering fresh ingredients, customized menus, laundry services, international newspapers and flowers.
• International Event Catering Large-scale premium event catering covering sports events, football clubs, UEFA finals, ATP tennis, film festivals and private events for capacities ranging from 2 to 250,000 guests across multiple geographies.
• Customized Onboard Concepts Bespoke menu planning, board menu design, crew procedures and training, lounge concepts, and design of crockery, equipment and packaging developed individually per airline partner.
• DO & CO Restaurant Stephansplatz Premium à la carte restaurant located in central Vienna (Haas Haus building) offering panoramic views of St. Stephen's Cathedral and intimate event venues for meetings up to 24 guests.
• ONYX Restaurant Contemporary Asian cuisine restaurant inside DO & CO Hotel Vienna featuring an open kitchen, robata grill and sushi counter designed around sharing concepts.
• DO & CO Hotel Vienna Boutique design hotel in central Vienna with 43 rooms and suites offering round-the-clock personal service, located within walking distance of Vienna's attractions and home to the ONYX restaurant.
• DO & CO Albertina Restaurant Museum-facing premium restaurant at the Albertina in Vienna combining Viennese classics with international delicacies in an art-integrated setting.
• DO & CO Hotel Munich Boutique hotel in Munich with 31 individually designed rooms offering views of Munich's landmarks, two on-site DO & CO restaurants and the official FC Bayern flagship store (Michelin Key awarded 2024).
• DO & CO Restaurant Munich Premium restaurant in central Munich featuring Asian and international cuisine with an open kitchen, sushi counter, robata grill and resident DJs.
• DO & CO Bistro Munich Mediterranean bistro in central Munich with southern European flavors, sharing plates and a spacious terrace.
• Airport Lounge Operations Operation of 31 airport lounges worldwide on behalf of airline partners (including Emirates and Turkish Airlines), serving 4.6 million passengers annually.
• Demel Patisserie Cafés Heritage Viennese artisan patisserie and confectionery brand (since 1768) operating cafés such as the flagship at Kohlmarkt 14 Vienna, with planned expansion to 12 new Demel cafés over 2026-2030.
• Hédiard Luxury Food Stores French luxury delicatessen and traiteur food stores (since 1854), including the flagship at Place de la Madeleine in Paris.
• Henry – The Art of Living Henry gourmet to-go retail concept offering salads, fruit, sandwiches and desserts with high proportion of organic foods in recyclable packaging, including airport and corporate locations.
• Permanent Event Location Venues Premium permanent event venues including Hofburg Vienna Conference Centre, Hotel Vienna Wintergarten and Temple, Demel event salons, Albertina Event, and Platinum Vienna in the UNIQA Tower.

Quantifiable outcome

• 4.6 million passengers served annually at 31 lounges
• +5 more outcomes

Named customers15 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

22 partnerships are on record, tiered core, flagship and minor.

• Delta Air LinescoreChannel Partner/ Reseller/ Distributor · 1 December 2020Won catering tender in December 2020 for Delta Air Lines. Partnership later affected by food safety incident at Detroit Metropolitan Wayne County Airport facility.
• FC Bayern MünchenflagshipStrategic or Co-development Partner · 1 January 2014DO & CO has been responsible for the entire VIP and public areas for qualifying and championship games since 2014. During the last season, around 75,000 visitors came to Allianz Arena per game, of which 6,000-7,000 were VIP guests.
• Formula 1flagshipStrategic or Co-development Partner · 1 January 1992DO & CO has been responsible for catering Formula 1 VIP guests of the Paddock Club around the globe since 1992. Currently serving 19 Grands Prix in 18 countries including Bahrain, Shanghai, Baku, Barcelona, Monaco, Montréal, Le Castellet, Spielberg, Silverstone, Hockenheim, Budapest, Spa, Monza, Sochi, Suzuka, Austin, Mexico City, Abu Dhabi.
• Turkish AirlinesflagshipStrategic or Co-development PartnerTHY DO & CO Ikram Hizmetleri A.S. is a joint venture providing premium airline catering to Turkish Airlines. DO & CO is building its largest kitchen globally in Turkey for Turkish Airlines, with capacity increasing from 230,000 to 500,000 meals daily as the airline doubles its fleet to nearly 1,000 aircraft. Flying Chefs serve on Turkish Airlines long-haul business class flights.
• UEFAcoreStrategic or Co-development PartnerDO & CO has been catering the VIP area at the UEFA Champions League Final games multiple times, handling the hospitality infrastructure. Teamwork perfected - both culinary and logistical excellence.
• ATP Tennis Masters MadridcoreStrategic or Co-development PartnerDO & CO provides premium catering for the ATP Tennis Masters in Madrid, one of the premier tennis tournaments globally.
• Red Bull SalzburgcoreStrategic or Co-development PartnerDO & CO provides culinary catering for Red Bull Salzburg football club as part of its sports event catering portfolio.
• Austria WiencoreStrategic or Co-development PartnerDO & CO provides culinary catering for Austria Wien football club as part of its sports event catering portfolio.
• Vienna AirportcoreStrategic or Co-development PartnerVienna Airport selected DO & CO as food & beverage partner for its new Terminal 3 Southern Expansion opening 2027. The expansion adds around 10,000 sq m of retail and catering space with about 30 restaurants and shops. SSP Austria and Lagardère Travel Retail Austria serve as operating partners.
• British AirwayscoreChannel Partner/ Reseller/ DistributorPremium onboard catering partner providing customized concepts, Flying Chef service on long-haul flights, and lounge catering at London Heathrow.
• EmiratescoreChannel Partner/ Reseller/ DistributorPremium catering partnership including Emirates Lounges at London Heathrow, Munich, Frankfurt, Düsseldorf.
• LufthansacoreChannel Partner/ Reseller/ DistributorPremium catering partnership including Lufthansa First Class Lounge at Frankfurt with Flying Chef service.
• Austrian AirlinescoreChannel Partner/ Reseller/ DistributorWon catering tender in April 2018. Provides Flying Chef program and premium catering services for Austrian Airlines.
• Qatar AirwayscoreChannel Partner/ Reseller/ DistributorPremium onboard catering services for Qatar Airways flights.
• Singapore AirlinescoreChannel Partner/ Reseller/ DistributorPremium catering services for Singapore Airlines flights.
• Olympiapark MünchencoreStrategic or Co-development PartnerDO & CO is the exclusive food service provider of Olympiapark München and Restaurant 181 in the Olympia Tower. Collaborates to develop new, innovative ideas and create contemporary offerings for visitors.
• Hofburg Conference Centre ViennaminorStrategic or Co-development PartnerDO & CO provides event catering at the Hofburg Conference Centre in Vienna, one of the most historic buildings serving as a multi-functional convention center.
• Film Festival Rathausplatz ViennaminorStrategic or Co-development PartnerDO & CO has been responsible for the culinary organisation of Europe's largest open air film & gourmet festival for more than 20 years as general contractor for the city of Vienna.
• The Lever FoundationcoreStrategic or Co-development PartnerNon-profit organisation providing support and education for DO & CO's Sustainable Sourcing Policy development.
• RECUPminorStrategic or Co-development PartnerReusable packaging provider supporting DO & CO's expansion of reusable takeaway packaging from SAP Garden to Vienna lunchrooms.
• SSP AustriacoreChannel Partner/ Reseller/ DistributorFoodservice operating partner for Vienna Airport Terminal 3 Southern Expansion alongside Lagardère Travel Retail Austria.
• Lagardère Travel Retail AustriacoreChannel Partner/ Reseller/ DistributorFoodservice operating partner for Vienna Airport Terminal 3 Southern Expansion alongside SSP Austria.

Scale indicators18 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Aramark: Aramark is a large US-based provider of food, facilities, and uniform services to sports venues, stadiums, and corporations globally. Comparable to DO & CO's event catering and restaurants/hotels segments as a broad incumbent in premium venue hospitality.
• Sodexo Live!: Sodexo Live! is the events and sports hospitality arm of Sodexo, serving major stadiums, arenas, and conventions globally. Comparable to DO & CO's International Event Catering segment (sports/conventions) but as part of Sodexo's broader food and facilities management portfolio.

Direct peers

• Gate Gourmet: Gate Gourmet is one of the world's largest independent airline catering and in-flight logistics companies, serving major carriers globally. Direct competitor to DO & CO's Airline Catering division, competing for the same premium long-haul and business-class catering tenders.
• SSP Group: SSP Group operates restaurants, bars, cafés, and food-to-go outlets in airports and travel locations worldwide. Direct competitor/partner to DO & CO in the Restaurants, Lounges & Hotels segment, including as joint operating partner with DO & CO at Vienna Airport Terminal 3.
• LSG Group: LSG Group is the airline catering arm of the Lufthansa Group and a global market leader in in-flight services. Direct competitor to DO & CO across European and transatlantic airline catering accounts, including overlap at Lufthansa, Austrian, and other Star Alliance carriers.
• SATS Ltd. SATS is a Singapore-based market leader in gateway services and airline catering across Asia-Pacific. Direct competitor in airline catering (a DO & CO customer is Singapore Airlines) and shares DO & CO's multi-segment model of catering, lounges, and hospitality.
• Emirates Flight Catering: Emirates Flight Catering is one of the world's largest airline catering operations, headquartered in Dubai. Direct competitor in premium airline catering, particularly for Middle East and long-haul flag carriers — competes with DO & CO for similar premium tenders.
• Newrest Group: Newrest is a leading French-headquartered airline, rail, and remote-site catering operator with a global footprint. Direct competitor to DO & CO in premium airline catering and event/catering services across Europe, Africa, and the Americas.

Others

• Lagardère Travel Retail: Lagardère Travel Retail is a major global travel retail and foodservice operator at airports. Direct operating partner of DO & CO at Vienna Airport Terminal 3 and adjacent in airport foodservice and retail concession strategy; included for ecosystem relevance rather than direct competition.

Emerging players

• Caterleisure (Food & Stories): Caterleisure is a UK-based premium event and sports catering company serving stadiums and major events. Comparable to DO & CO's International Event Catering segment, particularly at football stadiums and sporting venues in the UK and Europe.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/DocoHotelVienna

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries34 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about DO & CO