Rezidor Hotel Group: INTERIM REPORT January-June 2013
(Thomson Reuters ONE) -
Second quarter, 2013
* Like-for like ("L/L") RevPAR was up by 6.0%.
* Revenue increased by 4.2% to MEUR 248.9 (238.9). On a L/L basis Revenue
increased by 7.0%.
* EBITDA amounted to MEUR 34.9 (22.7), and the EBITDA margin was 14.0% (9.5).
* Profit after tax amounted to MEUR 17.4 (6.2).
* Basic and diluted Earnings Per Share was EUR 0.12 (0.04).
* Ca 1,800 new rooms were contracted and ca 800 new rooms opened.
Half year, 2013
* L/L RevPAR was up by 5.9%.
* Revenue increased by 2.3% to MEUR 456.0 (445.8).
On a L/L basis Revenue increased by 3.9%.
* EBITDA amounted to MEUR 32.1 (17.7), and the EBITDA margin was 7.0% (4.0).
* Profit after tax amounted to MEUR 6.2 (-7.9).
* Basic and diluted Earnings Per Share was EUR 0.04 (-0.05).
* Cash flow from operating activities amounted to MEUR 6.6 (-10.7).
* Ca 2,900 new rooms were contracted and ca 1,700 new rooms opened.
MEUR Q2 2013 Q2 2012 H1 2013 H1 2012
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Revenue 248.9 238.9 456.0 445.8
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EBITDAR 97.0 82.3 155.6 140.7
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EBITDA 34.9 22.7 32.1 17.7
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EBIT 26.2 11.7 16.2 -0.8
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Profit/loss for the period 17.4 6.2 6.2 -7.9
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EBITDAR margin, % 39.0% 34.4% 34.1% 31.6%
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EBITDA margin, % 14.0% 9.5% 7.0% 4.0%
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EBIT margin, % 10.5% 4.9% 3.6% -0.2%
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Comments from the CEO
Continued strong RevPAR development; EBITDA margin expansion in line with Route
2015 turnaround plan
"We see a modest, demand driven, recovery in the EMEA hotel market despite
continued macroeconomic uncertainties. During the quarter, the Nordics posted a
strong RevPAR performance benefitting from the Easter timing. Western and
Eastern Europe also showed good developments. The markets in the Middle East and
Africa continued to show a positive trend, and witnessed a double digit RevPAR
growth.
Our Route 2015 turnaround plan has continued to deliver positive results. We
gained further market share and noted solid improvement in profitability. EBITDA
margin increased by 4.5 percentage points and resulted in the best Q2
performance since 2009. The Easter timing contributed an estimated 1 percentage
point to the margin uplift. Our investment program also gained momentum in line
with our plans.
During the quarter, we added 1,800 rooms to the pipeline and opened 800 rooms.
More than 90% of the new rooms were under fee based contracts, which support our
asset-light strategy.
The visibility for the next quarter and the rest of the year is still low.
Maintaining cautious optimism, we remain strongly focussed on capturing market
share, tight cost control, asset management and growth in emerging markets."
Wolfgang M. Neumann, President & CEO
Presentation of the Q2 results
On July 17, 2013 at 10:00 (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 5033 6538
Sweden toll-free: 0200 883 440
UK: +44 (0)20 3427 1914
UK toll-free: 0800 279 4992
France: +33 (0)1 7677 2220
France toll-free: 0805 631 580
US: +1 646 254 3367
US toll-free: 1877 280 2296
Confirmation code: 6625925
For a replay of the conference call please visit www.investor.rezidor.com
Financial calendar 2013
Q3 2013 results: October 22, 2013
Q4 2013 results: February 7, 2014
Q1 2014 results: April 24, 2014
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 July 17, 2013.
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 434 hotels
with 95,000 rooms in operation and under development in 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-June 2013:
http://hugin.info/142138/R/1716800/570727.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#1716800]
Unternehmensinformation / Kurzprofil:
Datum: 17.07.2013 - 07:30 Uhr
Sprache: Deutsch
News-ID 279053
Anzahl Zeichen: 7394
contact information:
Town:
Brussels
Kategorie:
Business News
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