logo
Plus   Neg
Share
Email

Accor 2014 Profit Climbs - Quick Facts

French hotel group Accor SA (ACRFY.PK,ACRFF.PK) recorded a 77.0% growth in full-year net profit, Group share to 223 million euros from 126 million euros a year before. Operating profit before tax and non-recurring items totaled 578 million euros in 2014, compared with 442 million euros in 2013, a 22.1% increase on a like for-like basis.

The company said that the EBIT reached an all-time high of 602 million euros, versus 521 million euros in 2013, up 11.7% on a like-for-like basis. Thanks to the strong operational performance, annual funds from operations rose year-over-year to 769 million euros from 703 million euros.

Consolidated revenue came in at 5.45 billion euros in 2014, up 3.8% year-on-year at constant scope of consolidation and exchange rates and up 0.5% as reported, thanks to a good level of demand in most of the Group's key markets like Mediterranean, Middle-East and Africa, Americas, Northern, Central and Eastern Europe and Asia-Pacific.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
New York Attorney General Letitia James has fled a lawsuit against Vyera Pharmaceuticals and two of its former CEOs, including imprisoned 'Pharma Bro' Martin Shkreli, for illegally monopolizing a life-saving drug Daraprim. The lawsuit seeks a lifetime ban on Shkreli and his business partner Kevin Mulleady working in the pharmaceutical industry. Graco Inc. (GGG) shares were climbing more than 7 percent in morning trade. Monday after market close, the company had reported a surge in the fourth-quarter earnings to $84.8 million from $73.7 million in the prior year. Earnings per share surpassed analysts' estimates. Sales were up 1 percent to $412.3... Strategy of getting multiple indication approvals for the same drug seems to be paying off for AstraZeneca PLC (AZN), in terms of higher likelihood of approval and improved sales. Besides, the company is realizing value from non-core, mature brands to invest in new drugs, which also seems to be working in its favor.
Follow RTT
>