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Accor H1 Profit Climbs - Quick Facts

French hotel group Accor (ACRFY.PK,ACRFF.PK) reported a significant growth in first-half 2015 net profit, Group share of 91 million euros, compared with last year's 54 million euros. Year-over-year, half-yearly funds from operations climbed to 367 million euros, from 290 million euros in the year-earlier period.

Six-month consolidated EBITDAR totaled 837 million euros, up 2.7% like-for-like, in the prior year and 4.5% as reported. EBITDAR margin was 30.7%, down 0.4 point on a like-for-like basis.

First half EBIT grew by 8.0% like-for-like and 23.8% as reported to 263 million euros, from 212 million euros in the first half of 2014.

Consolidated revenue for the six months reached 2.73 billion euros, up 5.1% on a reported basis and up by 4.1% like-for-like from 2.59 billion euros, last year.

During the coming six months, the Group expects a continuation of the trends
observed during the first half, with sustained growth in most markets, a more
mixed environment in France and a challenging situation in Brazil.

The Group expects full-year 2015 EBIT to amount to between 650
million euros and 680 million euros.

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