Accor’s H1 results beat the market thanks to tighter cost control and helpful business recovery in Australia. However, the market did not celebrate due to the H2 guidance with no surprises and few improvements vs H1. The consensus is expected to be downgraded.
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Unimpressed FY outlook
Accor’s H1 results beat the market thanks to tighter cost control and helpful business recovery in Australia. However, the market did not celebrate due to the H2 guidance with no surprises and few improvements vs H1. The consensus is expected to be downgraded.