Accor Q3 Revenues Up

By RTTNews Staff Writer ✉ | Published: 10/14/2015 12:57 PM ET

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."

For comments and feedback contact: editorial@rttnews.com

Business News

Biotech Stocks Facing FDA Decision In July 2020

New Drugs Approved In May

Biotech Stocks Facing FDA Decision In June 2020

Editors Pick

National Restaurant Association, ServSafe's Campaign To Project Healthy And Safe Restaurants

The U.S. National Restaurant Association is launching a campaign to help restaurants reassure customers that they stick to healthy and safe standards, as the restaurant industry is struggling amid the coronavirus outbreak. The association and its food and beverage safety training and certificate program ServSafe announced the nationwide "ServSafe Dining Commitment".

Tesla Deliveries About 90,650 Vehicles In Q2 - Quick Facts

Luxury electric car maker Tesla Inc. (TSLA) announced Thursday that it delivered about 90,650 vehicles in the second quarter of 2020, while producing more than 82,000 vehicles. The deliveries include 80,050 Model 3 sedans and Model Y cross-over SUVs as well as 10,600 Model S and X vehicles. The...

Boy Scouts Of America Recalls Cub Scout Activity Pins

Boy Scouts of America recalled about 78,000 units of Cub Scout outdoor activity pins for violating the federal lead content ban, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. The company said the activity pin's face and shaft contain levels of lead that exceed the federal lead content ban. Lead is toxic if ingested by young children and can cause adverse health issues.