Rezidor Hotel Group: INTERIM REPORT January-March 2015
(Thomson Reuters ONE) -
First Quarter 2015
* Like-for-like ("L/L") RevPAR was up by 2.4%.
* Revenue increased by 2.4% to MEUR 216.4 (211.4).
On a L/L basis Revenue increased by 0.6%.
* EBITDA amounted to MEUR -0.7 (-0.8), and the EBITDA margin was -0.3% (-0.4).
* EBIT amounted to MEUR -12.4 (-8.5) and the EBIT margin was -5.7% (-4.0).
* Loss after tax amounted to MEUR 13.4 (10.3).
* Basic and diluted loss per share was EUR 0.08 (0.07).
* Cash flow from operating activities amounted to MEUR -7.1 (-12.4).
* 2,305 new rooms were contracted, 227 new rooms opened and 867 rooms left the
system.
MEUR Q1 2015 Q1 2014
Revenue 216.4 211.4
EBITDAR 60.9 61.7
EBITDA -0.7 -0.8
EBIT -12.4 -8.5
Profit/loss for the period -13.4 -10.3
EBITDAR margin, % 28.1% 29.2%
EBITDA margin, % -0.3% -0.4%
EBIT margin, % -5.7% -4.0%
Comments from the CEO
RevPAR recovery continued during the first quarter of 2015
"Like-for-like RevPAR grew by 2.4% confirming the ongoing underlying positive
trend. Our hotels in Rest of Western Europe - led by Ireland and the UK -
experienced a solid development. Also in Eastern Europe the RevPAR trend was
encouraging. The overall positive impact was somewhat diluted by the softening
in Norway and some countries in the Middle East.
While the underlying operational performance showed an improvement, the results
were negatively impacted by two items. The first was that due to timing
differences our central marketing spend was MEUR 2.8 higher than the comparative
quarter. This resulted in a relatively weak EBITDA flow through. The second
impact was from expenses for renovation works of MEUR 2.9, which was related to
one leased hotel.
Rezidor continues to deliver on our commitment to enhance the product offering
and improve our competitive positioning in select markets. This was evidenced by
further progress in the renovation of our leased hotels during the quarter with
capex spend of MEUR 14.5.
During the quarter, we opened three new hotels with 227 rooms, and entered into
long-term management and franchise agreements for ten hotels totalling 2,305
rooms. Although six hotels with 867 rooms left the system, half of them were
unprofitable, so the exits actually had a small positive impact on the bottom-
line."
Wolfgang M. Neumann, President & CEO
Presentation of the Q1 Results
On April 24, 2015 at 09:00 (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 5065 3937
Sweden, Free: 0200 883 440
UK, Local: +44(0)20 3427 1903
UK, Free: 0800 279 5736
USA, Local: +1 646 254 3360
USA, Free: 1877 280 2342
France, Local: +33(0)1 76 77 22 25
France, Free: 0805 631 579
Confirmation code: 8339952. For a replay of the conference call please visit
www.investor.rezidor.com.
Financial Calendar
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 434 hotels with over
96,000 rooms in operation and under development in 75 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 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, 2015.
Stockholm April 24, 2015
Wolfgang M. Neumann
President & CEO
Rezidor Hotel Group AB
The full report with tables can be downloaded from the following link:
Rezidors Interim Report January-March 2015:
http://hugin.info/142138/R/1914189/683952.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#1914189]
Unternehmensinformation / Kurzprofil:
Datum: 24.04.2015 - 07:30 Uhr
Sprache: Deutsch
News-ID 388289
Anzahl Zeichen: 6209
contact information:
Town:
Brussels
Kategorie:
Business News
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