Rezidor Hotel Group: INTERIM REPORT January-September 2015
(Thomson Reuters ONE) -
Third Quarter 2015
* Like-for-like ("L/L") RevPAR for leased and managed hotels was up by 8.7%.
The growth, which is the highest since Q3 2010, is due to an increase in
average room rate as well as higher occupancy.
* Revenue increased by 8.6% to MEUR 261.4 (240.8). The increase is mainly due
to the strong RevPAR development. On a L/L basis Revenue increased by 8.4%.
* EBITDA amounted to MEUR 35.8 (26.4) and the EBITDA margin increased to
13.7% (11.0). The improvement is mainly due to the strong RevPAR development
and a good flow through in the leased business.
* EBIT amounted to MEUR 24.4 (17.3) and the EBIT margin was 9.3% (7.2). The
increase in EBITDA has been partly offset by higher depreciation, reflecting
the increase in investments, as well as costs incurred in connection with
the exit of a lease agreement in the Nordics.
* Profit after tax amounted to MEUR 17.9 (11.3).
* Basic and diluted earnings per share were EUR 0.10 (0.07).
* 2,300 (1,346) new rooms were contracted, 1,348 (586) new rooms opened and 0
(970) rooms left the system.
Nine months ended September 2015
* L/L RevPAR was up by 5.0%.
* Revenue increased by 6.0% to MEUR 741.6 (699.3). On a L/L basis Revenue
increased by 4.6%.
* EBITDA amounted to MEUR 68.6 (56.5) and the EBITDA margin increased to 9.3%
(8.1).
* EBIT amounted to MEUR 35.0 (30.2) and the EBIT margin increased to 4.7%
(4.3).
* Profit after tax amounted to MEUR 19.9 (15.1).
* Basic and diluted earnings per share were EUR 0.12 (0.10) and EUR 0.12
(0.09) respectively.
* Cash flow from operating activities amounted to MEUR 52.8 (23.1).
* 7,071 (4,546) new rooms were contracted, 2,777 (2,595) new rooms opened and
1,152 (1,803) rooms left the system.
MEUR Q3 2015 Q3 2014 Jan-Sep 2015 Jan-Sep 2014
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Revenue 261.4 240.8 741.6 699.3
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EBITDA 35.8 26.4 68.6 56.5
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EBIT 24.4 17.3 35.0 30.2
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Profit for the period 17.9 11.3 19.9 15.1
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EBITDA margin, % 13.7% 11.0% 9.3% 8.1%
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EBIT margin, % 9.3% 7.2% 4.7% 4.3%
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Comments from the CEO
Strong RevPAR growth, solid margin improvements and 100,000 rooms milestone
reached
"The third quarter was marked by continued strong RevPAR development, positively
influencing revenue and profitability. The EBITDA margin increased by 2.7
percentage points, underlining solid progress in the turnaround programme.
During the quarter we made further progress in pursuit of our focused growth
strategy reaching the milestone of 100,000 rooms in operation and under
development. Signings continued to see strong momentum: we contracted 2,300
rooms during the quarter and 7,100 rooms year-to-date, which is well above last
year. Also openings were ahead of last year and included market entries in Congo
and Mauritius as well as two openings in Russia, further solidifying our leading
position in Eastern Europe.
The development of our new lifestyle select brand Radisson Red gained further
momentum. Following the signing in Cape Town, South Africa, we contracted
Europe's first new built Radisson Red in Glasgow, UK, and Europe's first
conversion in Brussels, Belgium, is on track for an opening in April 2016. The
brand has now ten hotels globally under development, two of which were signed
after the end of the reporting period.
We continued to strengthen our organisation, reallocating resources for the
creation of an expanded dedicated Africa area structure, underlining our
commitment to this growth region. Rezidor has the largest pipeline on the
continent and steadily delivers openings: three African hotels were opened in Q3
and eight year-to-date.
I am pleased with the performance of the business despite the fragile economic
recovery. We continue to optimise our performance while facing uncertainties in
some markets."
Wolfgang M. Neumann, President & CEO
Presentation of the Q3 Results
On October 22, 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:
Belgium, Local +32 (0)2 404 0660
Belgium, Free 0800 58033
Sweden, Local: +46(0)8 5051 3793
Sweden, Free: 0200 883 440
UK, Local: +44(0)20 3427 1906
UK, Free: 0800 279 4992
USA, Local: +1 646 254 3362
USA, Free: 1877 280 2296
France, Local: +33(0)1 76 77 22 29
France, Free: 0805 631 580
Confirmation code: 7472788. For a replay of the conference call please visit
www.investor.rezidor.com.
Financial Calendar
Q4 2015 results: February 16, 2016
Q1 2016 results: April 21, 2016
AGM 2016: April 21, 2016
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 is focused on hotel management and operates the core
brands Radisson Blu and Park Inn by Radisson. In February 2014, Rezidor
announced together with Carlson the launch of two additional brands; Radisson
Red, an upscale "lifestyle select" brand inspired by the millennial lifestyle,
and Quorvus Collection, a new generation of distinctive five star hotels.
The portfolio consists of 457 hotels with over 100,000 rooms in operation and
under development in 80 countries across Europe, the Middle East and Africa.
Rezidor's strategy is to grow with management and franchise contracts and only
selectively with leases. The strategy is also to further expand in the emerging
markets.
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-September 2015:
http://hugin.info/142138/R/1960656/714792.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#1960656]
Unternehmensinformation / Kurzprofil:
Datum: 22.10.2015 - 07:31 Uhr
Sprache: Deutsch
News-ID 428655
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Town:
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Kategorie:
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