FY15 came in line with Accor’s expectations. Sales were up 2.9% lfl, largely attributable to HotelServices (+6.2% lfl) while HotelInvest showed more modest growth (+1.9% lfl), penalised by the challenging French and Brazilian markets. The EBITDAR margin dropped from 32.5% in 2014 to 31.9% in 2015, impacted by the sharp recession in Brazil (€29m impact), the challenging environment in France (€26m) and the opex related to the implementation of the Digital plan (€32m). Grou
22 Feb 2016
2015 in line with expectations
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2015 in line with expectations
Accor SA (AC:WBO) | 0 0 0.3% | Mkt Cap: 13,333m
- Published:
22 Feb 2016 -
Author:
Bérénice Lacroix -
Pages:
3
FY15 came in line with Accor’s expectations. Sales were up 2.9% lfl, largely attributable to HotelServices (+6.2% lfl) while HotelInvest showed more modest growth (+1.9% lfl), penalised by the challenging French and Brazilian markets. The EBITDAR margin dropped from 32.5% in 2014 to 31.9% in 2015, impacted by the sharp recession in Brazil (€29m impact), the challenging environment in France (€26m) and the opex related to the implementation of the Digital plan (€32m). Grou