Accor published mixed H1 16 results: Sales increased 2% lfl to €2,598m excluding disposals from the Asset Management Programme (-5.2%) and forex impacts (-3.2% with Brazil and the UK). In the first half, the group opened 110 hotels (19,366 new rooms), increasing its portfolio to 3,942 hotels and 524,955 rooms. EBIT was down to €239m (-4% lfl) with the cost impact of the Digital Plan (€-14m), the market (€-6m) but up by 5% excluding these elements and dotcom acquisitions. T
01 Aug 2016
Mixed results and the issue of the Digital Plan
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Mixed results and the issue of the Digital Plan
Accor SA (AC:WBO) | 0 0 0.3% | Mkt Cap: 13,333m
- Published:
01 Aug 2016 -
Author:
Bérénice Lacroix -
Pages:
3
Accor published mixed H1 16 results: Sales increased 2% lfl to €2,598m excluding disposals from the Asset Management Programme (-5.2%) and forex impacts (-3.2% with Brazil and the UK). In the first half, the group opened 110 hotels (19,366 new rooms), increasing its portfolio to 3,942 hotels and 524,955 rooms. EBIT was down to €239m (-4% lfl) with the cost impact of the Digital Plan (€-14m), the market (€-6m) but up by 5% excluding these elements and dotcom acquisitions. T