Rezidor Hotel Group: INTERIM REPORT January-March 2012
(Thomson Reuters ONE) -
First quarter, 2012
* Like-for-like ("L/L") RevPAR was up by 5.6%.
* Revenue increased by 7.4% to MEUR 206.9 (192.7). On a L/L basis Revenue
increased by 5.6%.
* EBITDA amounted to MEUR -5.0 (-8.5) and the EBITDA margin improved to
-2.4% (-4.4).
* Loss after tax amounted to MEUR -14.1 (-17.4).
* Basic and diluted Earnings Per Share was EUR -0.09 (-0.12).
* Ca 1,000 new rooms opened and ca 1,400 new rooms were contracted.
MEUR Q1 2012 Q1 2011
--------------------------------------
Revenue 206.9 192.7
EBITDAR 58.4 52.7
EBITDA -5.0 -8.5
EBIT -12.5 -16.5
Profit/loss after Tax -14.1 -17.4
--------------------------------------
EBITDAR margin, % 28.2% 27.3%
EBITDA margin, % -2.4% -4.4%
EBIT margin, % -6.0% -8.6%
Comments from the CEO
The EBITDA margin increased by 2 percentage points in the first quarter
* The revenue increase was the main driver of this improvement
"We are pleased to report a RevPAR growth of almost 6% in the first quarter of
the year, an increase well above the market. Eastern Europe remained the best
performing region followed by the Middle East and Africa, where we see a return
to more normalised trading.
The positive RevPAR development combined with a stronger meetings and events
business generated a 7% revenue growth over last year.
As outlined in our Route 2015 strategy, we remain focused on improving
profitability, both in absolute terms and relative to the industry. We will on
a regular basis communicate progress related to this strategy.
In the first quarter, we opened four hotels with close to 1,000 rooms, all
located in the emerging markets of Eastern Europe and Africa. We contracted six
new hotels, with over 1,400 rooms, all without financial committments."
Kurt Ritter, President & CEO
Presentation of the Q1 results
On 25 April, 2012 at 15:30 (Central European Time). Kurt Ritter, President &
CEO, Knut Kleiven, Deputy President & CFO and Puneet Chhatwal, EVP & CDO, will
present the report and answer questions.
To participate in the teleconference, please dial:
Sweden: +46 (0)8 5051 3793
Sweden toll-free: 0200 883 440
UK: +44 (0)20 3450 9987
UK toll-free: 0800 279 5004
US: +1 646 254 3365
US toll-free: 1877 280 2296
Confirmation code: 5750954
To follow the webcast, please visit www.rezidor.com
A replay of the conference call will be available one month following the call
by dialling +46 (0)8 5051 3897 (Sweden), +44 (0)20 7111 1244 (UK) and
+1 347 366 9565 (US), access code 5750954#.
Financial calendar 2012
Annual General Meeting 2012: 25 April 2012
Q2-2012 results: 13 July 2012
Q3-2012 results: 26 October 2012
This quarterly report comprises information which Rezidor Hotel Group AB (publ)
is required to disclose under the Securities Markets Act and/or the Financial
Instruments Trading Act. It was released for publication at 08h30 Central
European Time on 25 April, 2012.
Stockholm 25 April, 2012
Kurt Ritter
President & CEO
Rezidor Hotel Group AB
For further information, contact
Knut Kleiven
Deputy President & CFO
+32 2 702 9244
+32 2 702 9330
knut.kleiven(at)rezidor.com
Ebba Ankarcrona
Director, Investor Relations
+32 2 702 9286
+32 2 702 9300
ebba.ankarcrona(at)rezidor.com
The Rezidor Hotel Group Corporate Office
Avenue du Bourget 44
B-1130 Brussels
Belgium
Tel. +32 2 702 9200
Fax: +32 2 702 93 00
About the Rezidor Hotel Group
The Rezidor Hotel Group is one of the most dynamic and fastest growing hotel
companies in the world. The group currently features a portfolio of 427 hotels
with 93,000 rooms in operation and under development in more than 65 countries
across Europe, the Middle East and Africa. Rezidor operates the core brands
Radisson Blu and Park Inn by Radisson - as well as Hotel Missoni, a lifestyle
brand which is developed worldwide following a licence agreement with the iconic
Italian fashion house Missoni. Radisson Blu and Park Inn by Radisson are
operated in Europe, the Middle East and Africa under long-term Master Franchise
Agreements with Carlson, a global, privately held hospitality and travel
company. Rezidor is a member of the Carlson Rezidor Hotel Group.
For more information, visit www.rezidor.com
The full report with tables can be downloaded from the following link:
Rezidors Interim Report January-March 2012:
http://hugin.info/142138/R/1605704/508617.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Rezidor Hotel Group via Thomson Reuters ONE
[HUG#1605704]
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Datum: 25.04.2012 - 02:31 Uhr
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