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BFW 01/16 16:45 Ahold 4Q Rev. In Line With Ests., Raises 2013 Ebit Forecast
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CORRECT: Accor 4Q Rev. In Line With Ests., Raises 2013 Forecast 2014-01-16 16:47:21.433 GMT
By Heather Burke Jan. 16 (Bloomberg) -- (Corrects co. name in headline) Accor 4Q total rev. EU1.40b, est. EU1.40b (median of 10). * Raises 2013 Ebit forecast to ~EU530m, had seen EU510m-EU530m (Bloomberg est. EU523.4m) * 4Q total LFL sales up 3.4%, est. up 3.8% (median of 8) * 4Q Upscale & Midscale hotels LFL sales up 3.3%, est. up 4% (median of 7) * 4Q Economy hotels LFL sales up 4.1%, est. up 4.1% (median of 7) * In 4Q had very robust demand in all key mkts, particularly in Europe * In emerging mkts demand remained very strong in Latin America, Africa-Middle East region * Asia-Pacific region was satisfactory overall, had lower business in China, in Australia Economy hotels remains under pressure * Call 6:30pm CET +44 (0)20 3367 9453 * Preview here * Next catalyst: 2013 earnings Feb. 20
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--Editor: James Ludden
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