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Accor Q3 Revenues Up

French hotel group Accor SA (ACRFY.PK,ACRFF.PK), Wednesday reported a 2 percent increase in revenues for the third quarter.

Third-quarter revenue grew 2.4 percent to 1.493 billion euros from 1.459 billion euros last year. On a LFL basis, or constant scope of consolidation and exchange rates basis, revenues were up 3.4 percent.

The company now expects full-year 2015 EBIT to be between 655 million and 675 million euros.

CEO Sebastien Bazin said, "Third-quarter performance was in line with the trends observed since the beginning of the year, with strong business activity in most of the Group's markets, flat demand in France and a rapid deterioration in Brazil reflecting a challenging economic environment."

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