Accor reported Q3 sales up by 3%, of which +1.8% organic growth (mainly price increases) and +11.5% from expansion (new rooms and FRHI integration since July): HotelInvest sales reduced by 0.1% lfl due to the tough environment in France and Belgium; HotelServices sales grew by 24.2% thanks to the consolidation of FRHI and 6.7% organic growth. This good performance is reassuring in the current alarmist context about tourism in France and Belgium. The group reduced its medium EBIT target slight
19 Oct 2016
Finally, good resistance
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Finally, good resistance
Accor SA (AC:WBO) | 0 0 0.3% | Mkt Cap: 13,333m
- Published:
19 Oct 2016 -
Author:
Bérénice Lacroix -
Pages:
3
Accor reported Q3 sales up by 3%, of which +1.8% organic growth (mainly price increases) and +11.5% from expansion (new rooms and FRHI integration since July): HotelInvest sales reduced by 0.1% lfl due to the tough environment in France and Belgium; HotelServices sales grew by 24.2% thanks to the consolidation of FRHI and 6.7% organic growth. This good performance is reassuring in the current alarmist context about tourism in France and Belgium. The group reduced its medium EBIT target slight