Revenues grew by +7.5% in H1 16 thanks to higher prices in Spain and Central Europe (double-digit growth) which offset the unfavourable comparison in Italy (Milan Expo in May 2015), lower occupancy in Belgium and continuing difficulties in Latin America. Consolidated RevPAR rose +6.5% with prices up by +5.1% (3.1% excluding renovation). EBITDA reached €73m thanks to the efficiency programme and represented 10.2% of sales (9.4% in H1 15). Net income increased to €9.7m (from €-17
16 Sep 2016
Strategic plan on track and a lot of uncertainties about governance
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Strategic plan on track and a lot of uncertainties about governance
NH Hotel Group SA (0OHG:LON) | 0 0 0.0% | Mkt Cap: 2,192m
- Published:
16 Sep 2016 -
Author:
Bérénice Lacroix -
Pages:
3
Revenues grew by +7.5% in H1 16 thanks to higher prices in Spain and Central Europe (double-digit growth) which offset the unfavourable comparison in Italy (Milan Expo in May 2015), lower occupancy in Belgium and continuing difficulties in Latin America. Consolidated RevPAR rose +6.5% with prices up by +5.1% (3.1% excluding renovation). EBITDA reached €73m thanks to the efficiency programme and represented 10.2% of sales (9.4% in H1 15). Net income increased to €9.7m (from €-17