Rezidor Hotel Group: INTERIM REPORT January-March 2013
(Thomson Reuters ONE) -
First quarter, 2013
* Like-for like ("L/L") RevPAR was up by 5.7%.
* Revenue was in line with last year and amounted to MEUR 207.1 (206.9). On a
L/L basis Revenue increased by 0.4%.
* EBITDA amounted to MEUR -2.8 (-5.0), and the EBITDA margin to -1.4% (-2.4).
* Loss after tax amounted to MEUR -11.2 (-14.1).
* Basic and diluted Earnings Per Share amounted to EUR -0.08 (-0.09).
* Cash flow from operating activities amounted to MEUR -8.4 (-12.4).
* Ca 1,000 new rooms opened and ca 1,100 new rooms were contracted. Ca 1,100
leased rooms were converted to managed or franchised rooms. Five managed
hotels with 748 rooms have gone offline.
MEUR Q1 2013 Q1 2012
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Revenue 207.1 206.9
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EBITDAR 58.7 58.4
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EBITDA -2.8 -5.0
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EBIT -10.0 -12.5
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Loss for the period -11.2 -14.1
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EBITDAR margin, % 28.3% 28.2%
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EBITDA margin, % -1.4% -2.4%
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EBIT margin, % -4.8% -6.0%
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Comments from the CEO
* Strong RevPAR development driven by emerging markets; Route 2015 initiatives
support EBITDA margin growth
"I am pleased to report a robust like-for-like RevPAR growth of almost 6%
despite the negative effect of the Easter timing and the non-recurrance of an
extra day due to leap year in 2012. The Middle East and Eastern Europe were the
best performing regions whereas the Nordics and the Rest of Western Europe noted
marginal increases. The negative impact of Easter was most pronounced in the
Nordics; however, it is expected to be offset during the second quarter.
The Company's main focus remains on improving profitability both in absolute
terms and relative to the industry. Our Route 2015 turn-around plan (centered on
revenue generation, cost savings, asset management and room growth) has produced
positive results during the quarter. We gained market share and improved both
the EBITDA margin by 1% point as well as the operating cash flow by MEUR 4,
resulting in the best Q1 EBITDA since 2008. Our investment programme continued
as planned and was in line with the level of last year.
During the first three months of the year, we opened ca 1,000 rooms and added ca
1,100 rooms to the pipeline. All the new rooms were under fee based contracts,
supporting our asset-light strategy."
Wolfgang M. Neumann, President & CEO
Presentation of the Q1 results
On April 24, 2013 at 9:00 (Central European Time) a combined telephone
conference and live webcast (in English) concerning the report will be presented
by the President & CEO, Wolfgang M. Neumann and Deputy President & CFO, Knut
Kleiven.
To follow the webcast, please visit www.investor.rezidor.com
To access the telephone conference, please dial:
Sweden: +46 (0)8 5051 3793
Sweden toll-free: 0200 883 440
UK: +44 (0)20 7784 1036
UK toll-free: 0800 279 5004
France: +33(0)1 70 48 01 66
France toll-free: 0805 631 580
US: +1 646 254 3365
US toll-free: 1877 249 9037
Confirmation code: 4662914
For a replay of the conference call please visit www.investor.rezidor.com.
Financial calendar 2013
Rezidor's Investor Day: June 5, 2013
Q2 2013 results: July 17, 2013
Q3 2013 results: October 22, 2013
This quarterly report comprises information which Rezidor Hotel Group AB (publ)
is required to disclose under the Securities Markets Act and/or the Financial
Instruments Trading Act. It was released for publication at 07:30 Central
European Time on April 24, 2013.
Stockholm April 24, 2013
Wolfgang M. Neumann
President & CEO
Rezidor Hotel Group AB
For further information, contact
Knut Kleiven
Deputy President & CFO
Tel: +32 2 702 9244
Fax: +32 2 702 9330
knut.kleiven(at)carlsonrezidor.com
The Rezidor Hotel Group Corporate Office
Avenue du Bourget 44
B-1130 Brussels
Belgium
Tel: +32 2 702 9200
Fax: +32 2 702 9300
Website: www.rezidor.com
About the Rezidor Hotel Group
The Rezidor Hotel Group is one of the most dynamic and fastest growing hotel
companies in the world. The group currently features a portfolio of 438 hotels
with 96,000 rooms in operation and under development in more than 70 countries
across Europe, the Middle East and Africa. Rezidor operates the core brands
Radisson Blu and Park Inn by Radisson, as well as Regent Hotels & Resorts, and
Hotel Missoni, a lifestyle brand which is developed worldwide following a
licence agreement with the iconic Italian fashion house Missoni.
Rezidor is a member of the Carlson Rezidor Hotel Group.
For more information, visit www.rezidor.com
The full report with tables can be downloaded from the following link:
Rezidors Interim Report January-March 2013:
http://hugin.info/142138/R/1695577/558013.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Rezidor Hotel Group via Thomson Reuters ONE
[HUG#1695577]
Unternehmensinformation / Kurzprofil:
Datum: 24.04.2013 - 07:32 Uhr
Sprache: Deutsch
News-ID 252205
Anzahl Zeichen: 6486
contact information:
Town:
Brussels
Kategorie:
Business News
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