NuWays Maintains Buy Rating on DO & CO AG Stock
Financial firm projects strong Q2 growth for the catering company amid expansion in premium aviation and event sectors.
Updated on Oct. 20, 2026 in Business Travel
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NuWays AG has maintained a buy rating on DO & CO AG, setting a target share price of EUR 255. The analyst firm anticipates steady performance driven by new global catering contracts and rising demand for premium travel services.
Why it matters
The positive outlook for DO & CO AG reflects broader growth in international passenger volumes and the company's success in securing multi-year service agreements with major airlines. Expanding event catering operations, including F1 hospitality, also bolster the firm's fiscal trajectory.
NuWays AG projects Q2 sales of EUR 676 million and EBIT of EUR 61 million for DO & CO AG. Approximately 70% of company sales are secured through multi-year contracts, supported by an 80% variable cost base.
The players
NuWays AG
This investment research firm is based in Hamburg, Germany, and provides financial analysis and stock ratings.
DO & CO AG
This company is an international provider of catering and hospitality services for airlines and major global events.
The details
DO & CO AG continues to grow its global footprint, recently launching catering services for Emirates in Boston and Air Canada in Los Angeles. These initiatives complement new operations at London Heathrow and precede a planned contract start in Chicago in early 2027.
Timeline
September 2026: New Air India and American Airlines contracts began at Heathrow.
October 2026: Emirates and Air Canada catering services launched.
November 12, 2026: Scheduled release date for DO & CO AG Q2 financial results.
February 2027: American Airlines catering services to begin in Chicago.
Travel Outlook
The firm's growth aligns with the documented 18% year-over-year increase in Delta premium revenue, signaling a robust expansion in high-end cabin demand. This shift indicates that airline catering providers are increasingly capitalizing on a transition toward luxury passenger service models.
For business travelers, the expansion of premium catering services at major hubs like Boston, Los Angeles, and London Heathrow suggests a consistent quality of service across global routes. These long-term contracts ensure reliable dining options as airlines continue to prioritize premium cabin offerings.
The takeaway
The sustained growth in aviation catering underscores the resilience of premium travel demand. Investors and stakeholders should monitor the upcoming Q2 results to see if operational expansion translates into the projected margin targets.
Further reading
For more industry updates, explore our section on Business Travel.
More information
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