Rezidor Hotel Group: YEAR-END REPORT January-December 2014
(Thomson Reuters ONE) -
Fourth Quarter 2014
* Like-for-like ("L/L") RevPAR was up by 0.9%.
* Revenue increased by 0.8% to MEUR 238.0 (236.0).
On a L/L basis Revenue decreased by 1.7%.
* EBITDA amounted to MEUR 14.8 (25.8), and the EBITDA margin decreased to
6.2% (10.9).
* EBIT amounted to MEUR 0.5 (12.9) and the EBIT margin decreased to 0.2%
(5.5).
* Profit after tax amounted to MEUR -0.9 (7.3).
* Basic and diluted Earnings per Share were EUR -0.01 (0.05).
* 2,011 new rooms were contracted, 941 new rooms opened and 401 rooms left the
system.
Twelve months ended December 2014
* L/L RevPAR was up by 2.7%.
* Revenue increased by 1.9% to MEUR 937.3 (919.5).
On a L/L basis Revenue increased by 0.7%.
* EBITDA amounted to MEUR 71.3 (80.7) and the EBITDA margin decreased to 7.6%
(8.8).
* EBIT amounted to MEUR 30.7 (44.2) and the EBIT margin decreased to 3.3%
(4.8).
* Profit after tax amounted to MEUR 14.2 (23.2).
* Basic and diluted Earnings per Share were EUR 0.09 (0.16).
* Cash flow from operating activities amounted to MEUR 41.2 (54.6).
* 6,557 new rooms were contracted, 3,536 new rooms opened and 2,204 rooms left
the system.
* The Board of Directors proposes a dividend of EUR 0.03 per share.
MEUR Q4 2014 Q4 2013 FY 2014 FY 2013
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Revenue 238.0 236.0 937.3 919.5
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EBITDAR 71.4 79.6 313.8 317.0
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EBITDA 14.8 25.8 71.3 80.7
-----------------------------------------------------------
EBIT 0.5 12.9 30.7 44.2
-----------------------------------------------------------
Profit/loss for the period -0.9 7.3 14.2 23.2
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EBITDAR margin, % 30.0% 33.7% 33.5% 34.5%
-----------------------------------------------------------
EBITDA margin, % 6.2% 10.9% 7.6% 8.8%
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EBIT margin, % 0.2% 5.5% 3.3% 4.8%
-----------------------------------------------------------
Comments from the CEO
One-off costs and weaker Norwegian market impact 2014 results
"One-off costs related to a hotel closed for renovation and the challenging
business climate in some of our key markets, especially Norway, had a negative
impact on our financial performance in the fourth quarter.
For the quarter like-for-like RevPAR grew by 0.9 percent.
Our Route 2015 target of improving the EBITDA margin by 6 to 8 percentage points
over the actual results of 2011 remains unchanged, but the achievement will be
delayed due to the current business environment.
We have made solid progress over the past three years - addressing legacy issues
and driving profitability by reducing our cost base, pursuing revenue generation
and successfully taking asset management actions in loss-making hotels.
Furthermore, we have in 2014 accelerated theupgrading of our leased hotel
portfolio with total investments of ca MEUR 54. These investments will secure
the competitive positioning in selected markets.
During the quarter, we have signed ten new hotel agreements representing ca
2,000 rooms and opened five hotels with ca 900 rooms."
Wolfgang M. Neumann, President & CEO
Presentation of the Q4 Results
On February 17, 2015 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, Local: +46(0)8 5033 6539
Sweden, Free: 0200 883 440
UK, Local: +44(0)20 3427 1906
UK, Free: 0800 279 5736
USA, Local: +1 212 444 0481
USA, Free: 1877 280 2342
France, Local: +33(0)1 76 77 22 25
France, Free: 0805 631 579
Confirmation code: 9825837. For a replay of the conference call please visit
www.investor.rezidor.com.
Financial Calendar
Q1 2015 results: April 24, 2015
AGM 2015: April 24, 2015
Q2 2015 results: July 23, 2015
Q3 2015 results: October 22, 2015
For Further Information, Contact
Knut Kleiven
Deputy President & CFO
Tel: +32 2 702 9244
Fax: +32 2 702 9330
knut.kleiven(at)carlsonrezidor.com
Andrea Brandenberger
Senior Director
Business Development Strategy & Investor Relations
Tel: +32 2 702 9237
andrea.brandenberger(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 currently features a portfolio of 432 hotels with over
95,000 rooms in operation and under development in 73 countries across Europe,
the Middle East and Africa. Rezidor operates the core brands Radisson Blu and
Park Inn by Radisson.
Rezidor is a member of the Carlson Rezidor Hotel Group.
For more information, visit www.rezidor.com.
This year-end 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 February 17, 2015.
Stockholm February 17, 2015
Wolfgang M. Neumann
President & CEO
Rezidor Hotel Group AB
The full report with tables can be downloaded from the following link:
Rezidors Year-end Report January-December 2014:
http://hugin.info/142138/R/1894885/671929.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1894885]
Unternehmensinformation / Kurzprofil:
Datum: 17.02.2015 - 07:30 Uhr
Sprache: Deutsch
News-ID 371855
Anzahl Zeichen: 7417
contact information:
Town:
Brussels
Kategorie:
Business News
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