Accor's H1 15 figures were marked by improved operating gearing and strong HotelServices but also by a deceleration in organic sales trends largely caused by the tough French and Brazilian markets. The group recorded a 5.1% rise in revenues (+4.1% LFL) and a c.24% jump in EBIT (+8% LFL) pointing to an EBIT margin improvement of 140bp to 9.6%. In H1, the EBITDAR margin came in broadly flat at 30.7% LFL (-0.2pt yoy), penalised by initial opex related to the Digital plan (€11m impact, -0.4p
07 Sep 2015
Difficult French market weighs on long-term perspectives
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Difficult French market weighs on long-term perspectives
Accor SA (AC:WBO) | 0 0 0.3% | Mkt Cap: 13,333m
- Published:
07 Sep 2015 -
Author:
Bérénice Lacroix -
Pages:
3
Accor's H1 15 figures were marked by improved operating gearing and strong HotelServices but also by a deceleration in organic sales trends largely caused by the tough French and Brazilian markets. The group recorded a 5.1% rise in revenues (+4.1% LFL) and a c.24% jump in EBIT (+8% LFL) pointing to an EBIT margin improvement of 140bp to 9.6%. In H1, the EBITDAR margin came in broadly flat at 30.7% LFL (-0.2pt yoy), penalised by initial opex related to the Digital plan (€11m impact, -0.4p