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Accor H1 EBIT Rises

French hotel group Accor (ACRFY.PK,ACRFF.PK) reported that EBIT for the First-half 2017 rose by 68.0% as reported, and by 33.9% like-for-like to 226 million euros, up from 134 million euros in the first half of 2016.

Consolidated first-half 2017 revenue amounted to 922 million euros, up 8.3% year-on-year at constant scope of consolidation and exchange rates. It was up 33.5% on a reported basis.

In the six months to June 30, 2017, funds from operations amounted to 253 million euros, versus 118 million euros in first-half 2016, due to good levels of business recorded in the majority of the Group's markets.

The Group forecasts 2017 EBIT of between 460 million euros and 480 million euros.

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