Accor 3Q Rev. In Line With Ests., Confirms 2014 Forecast
2014-10-16 15:45:30.631 GMT
By Heather Burke
Oct. 16 (Bloomberg) -- Accor 3Q rev. EU1.46b, est. EU1.46b
(median of 12).
* Total LFL sales growth 4.6%, est. 3.5% (median of 8)
* Confirms 2014 Ebit forecast EU575m-EU595m
* HotelServices LFL sales up 2.7%, HotelInvest up 4.6%
* 3Q total LFL revpar up 5.1%
* 3Q had strong demand generally in Europe, slight improvement
in France, faster recovery in S. Europe, 1st “tangible
signs” of slowdown in Africa
* Will continue to pay close attention to changes in
“persistently lackluster” French mkt, to situation in
Africa
* Strong demand in Europe, including in S. Europe, and in
emerging mkts will provide necessary growth
* Preview here
* Conf call 6:30pm CET +44 203 36 79453
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To contact the reporter on this story:
Heather Burke in London at +44-20-7673-2044 or
hburke2@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
2014-10-16 15:45:30.631 GMT
By Heather Burke
Oct. 16 (Bloomberg) -- Accor 3Q rev. EU1.46b, est. EU1.46b
(median of 12).
* Total LFL sales growth 4.6%, est. 3.5% (median of 8)
* Confirms 2014 Ebit forecast EU575m-EU595m
* HotelServices LFL sales up 2.7%, HotelInvest up 4.6%
* 3Q total LFL revpar up 5.1%
* 3Q had strong demand generally in Europe, slight improvement
in France, faster recovery in S. Europe, 1st “tangible
signs” of slowdown in Africa
* Will continue to pay close attention to changes in
“persistently lackluster” French mkt, to situation in
Africa
* Strong demand in Europe, including in S. Europe, and in
emerging mkts will provide necessary growth
* Preview here
* Conf call 6:30pm CET +44 203 36 79453
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Heather Burke in London at +44-20-7673-2044 or
hburke2@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net