AccorHotels' Transformation plan benefits confirmed by first-half 2015 results
Sébastien Bazin, Chairman and Chief Executive Officer of Accor, said: "Once again, AccorHotels has undertaken numerous initiatives to secure its lead and improve its performance. Our teams have united around our strategic priorities – restructuring of the property portfolio at HotelInvest, swift rollout of the digital plan, selective hotel development, revamping of the food and beverage offering and cultural transformation.
- First-half revenue up 5.1%1 to €2,726 million (+4.1% LfL)
- EBIT up 23.8%1 to €263 million (+8.0% LfL)
- Net profit up 68%1 to €91 million
- Full-year 2015 EBIT target: between €650 million and €680 million
Sébastien Bazin, Chairman and Chief Executive Officer of Accor, said: "Once again, AccorHotels has undertaken numerous initiatives to secure its lead and improve its performance. Our teams have united around our strategic priorities – restructuring of the property portfolio at HotelInvest, swift rollout of the digital plan, selective hotel development, revamping of the food and beverage offering and cultural transformation. The benefits from these initiatives have contributed to our good results in the first half, which include a significant increase in revenue and EBIT, strong cash flow generation, more robust positions in the fastest-growing markets and an improvement in the value of our hotel assets.
These conditions enable us to set an objective for the full year of significantly improving our performance while at the same time ramping up our digital investment, despite persistently mixed environments in Brazil and France. All of this encourages us to proactively pursue our goal of transforming AccorHotels through our boldness, vision and pioneering spirit, with the same single objective in mind – better serving our customers."