Annual Results 2015 - Meliá Hotels International Earned €101.6 Million before Tax, an Increase of 79 Per Cent
- The Group Strengthens its Balance Sheet after Reducing Net Debt by €216 Million
- After Discounting Two Major Extraordinary Items, Net Profit Increased by More Than 200 per cent
In 2015, Meliá Hotels International earned a Net Profit of €40.5 Million (€36 Million Net Attributed Profit), a significant improvement on 2014 with increases of 27 per cent and 18 per cent respectively, although 2015 and 2014 are not exactly comparable given that 2015 results are affected by a higher tax rate, the result of the current inspection, started in late 2014 on the accounts for 2009 to 2012 inclusive.
Discounting the impact of two extraordinary items, the impairment of the hotel in Puerto Rico (€29 Million) and provisions for the tax adjustment, Net Profit before tax for the year grew by €67 Million compared with 2014, an increase of more than 200 per cent.
For the full year, MHI generated revenues of €1,738.2 Million (+16 per cent) and EBITDA of €293.1 Million. Click here for more...
About Melia Hotels International
Founded in 1956 in Palma de Mallorca (Spain), Meliá Hotels International is one of the largest hotel companies worldwide as well as the absolute leader within the Spanish market, with more than 370 hotels (current portfolio and pipeline) throughout more than 40 countries and 4 continents under the brands: Gran Meliá, Meliá Hotels & Resorts, Paradisus Resorts, ME by Meliá, INNSIDE by Meliá, Tryp by Wyndham and Sol Hoteles. The strategic focus on international growth has allowed Meliá Hotels International to be the first Spanish hotel company with presence in key markets such as China, the Arabian Gulf or the US, as well as maintaining its leadership in traditional markets such as Europe, Latin America or the Caribbean. Its high degree of globalization, a diversified business model, the consistent growth plan supported by strategic alliances with major investors and its commitment to responsible tourism are the major strengths of Meliá Hotels International, being the Spanish Hotel leader in Corporate Reputation (Merco Ranking) and one of the most attractive to work worldwide.