Accor : A solid first-half 2014
Reflecting strong momentum in international markets and the early effects of the Group’s transformation
|
|
Accor : A solid first-half 2014
Reflecting strong momentum in international markets and the early effects of the Group’s transformation
|
Category: Worldwide - Industry economy -
Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2014-08-27
- Revenue up 2.8% like-for-like1 to €2,593 million
- A significant improvement in EBIT, up 17.6% like-for-like to €219 million
- Operating profit before tax and non-recurring items up 38.6% like-for-like to €192 million
- Net profit of €60 million
- Full year EBIT target of €575-595 million
Sébastien Bazin, Chairman and Chief Executive Officer, said:
“In the first-half of 2014, our planned reorganisation ensured the Group’s transformation is now well underway. The strong results for the period, with an increase in margins, reflect good momentum and the work of highly committed teams to deploy our new strategy. Each business now has the means to respond effectively to its specific challenges. We have significantly increased resources and completed major acquisitions/restructuring for HotelInvest in the first half, followed by the agreement signed with Tritax in the United Kingdom. In the second half we will focus in particular on deploying the HotelServices strategy built around innovation, digital solutions and brands.”
|
|
