The Q3 15 trading figures showed a continuing difficult French market while Brazil deteriorated further. The group showed a 3.4% rise in revenues LFL on the back of strong HotelServices (+8.4% vs +2.7% in Q3 14, 23.5k rooms opened in 9m 15) which was fuelled by Northern, Central and Eastern Europe (NCEE, +4.8% with up to 10.9% in the UK) and the continuing recovery in the Mediterranean, the Middle East and Africa region (+10% LFL). France showed a 5.9% rise LFL in sales backed by the Luxury &
15 Oct 2015
Stagnant France and a worrying Brazil, Reduce maintained
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Stagnant France and a worrying Brazil, Reduce maintained
Accor SA (AC:WBO) | 0 0 0.3% | Mkt Cap: 13,333m
- Published:
15 Oct 2015 -
Author:
Bérénice Lacroix -
Pages:
3
The Q3 15 trading figures showed a continuing difficult French market while Brazil deteriorated further. The group showed a 3.4% rise in revenues LFL on the back of strong HotelServices (+8.4% vs +2.7% in Q3 14, 23.5k rooms opened in 9m 15) which was fuelled by Northern, Central and Eastern Europe (NCEE, +4.8% with up to 10.9% in the UK) and the continuing recovery in the Mediterranean, the Middle East and Africa region (+10% LFL). France showed a 5.9% rise LFL in sales backed by the Luxury &