logo
Plus   Neg
Share
Email

Accor 2015 Profit Up 9.4% - Quick Facts

French hotel group Accor (ACRFY.PK,ACRFF.PK) reported that its net profit, group share, for fiscal year 2015 rose 9.4% to 244 million euros from 223 million euros in the previous year.

Annual funds from operations amounted to 816 million euros, versus 769 million euros in 2014.

EBIT totaled 665 million euros in 2015, compared with 602 million euros in 2014, an increase of 10.6% as reported and 3.5% like-for-like.

Consolidated EBITDAR amounted to 1.780 billion euros in 2015, representing a year-on-year increase of 0.2% like-for-like and 0.5% as reported. Down slightly like- for-like, the EBITDAR margin was 31.9%, including the amounts committed to the digital plan.

Consolidated 2015 revenue amounted to 5.581 billion euros, up 2.9% at constant scope of consolidation and exchange rates (like-for-like), and up 2.3% as reported. The increase resulted from healthy growth in most of the Group's key markets: Mediterranean, Middle East, Africa (MMEA, +7.9%), Asia-Pacific (+5.4%) and Northern, Central and Eastern Europe (NCEE, +5.0%).

AccorHotels said it will submit for the approval of shareholders at the Annual Meeting of April 22 the payment of a dividend of 1.0 euros per share, with payment 100% in cash or 50% in cash and 50% in shares at a discount of 5%.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Polaris Industries Inc. is recalling certain Ranger and General Utility, as well as All-Terrain vehicles citing risks of crash, the U.S. Consumer Product Safety Commission said in a statement. The Medina, Minnesota-based company has called back about 26,730 units of Model Year 2019 - 2020 Ranger XP 1000 & Model Year 2020 General XP 1000 Utility vehicles. Gilead Sciences Inc. (GILD) said Friday that the European Commission has granted conditional marketing authorization for Veklury or remdesivir as a treatment for SARS-CoV-2 infection, the virus that causes COVID-19. FedEx is asking NFL team Washington Redskins to change its name for its racist connotations. The delivery services company, which is a major sponsor for the team, made the suggestion following increasing pressure from its investors amid the ongoing protests against racial injustice and inequality that arose from the killing of African-American George Floyd.
RELATED NEWS
Follow RTT