Rezidor Hotel Group: YEAR-END REPORT January-December 2015

Fourth Quarter 2015 * Like-for-like ("L/L") RevPAR for leased and managed hotels was up by 5.6%. The growth is due to an increase in average room rate as well as higher occupancy. * Revenue increased by 7.3% to MEUR 255.4 (238.0). The increase is mainly due to the strong RevPAR development and one-off fee items of MEUR 4.7. On a L/L basis Revenue increased by 7.3%. * EBITDA amounted to MEUR 32.5 (14.8) and the EBITDA margin increased to 12.7% (6.2)...

New York, 16/02/2016 (informazione.news - comunicati stampa - turismo)

 

 

 

 

 

RevPAR growth and margin improvements continued during the fourth quarter, contributing to improved full year results. This performance definitively demonstrated the turnaround progress towards the targeted Route 2015 EBITDA margin enhancement. 2015 was Rezidor's best year post the 2007 cycle peak - EBITDA was over MEUR 100 for the first time, and EBITDA margin was 10.1%.

 

Strategic revenue initiatives delivered the fourth year of consecutive market share (RGI) increase, and our fee-based growth saw strong momentum in 2015: with 7,900 room signings and 4,200 room openings. These results were not only above last year, Rezidor reached the milestone of 100,000 rooms in operation or under development. Asset management further contributed to increased profitability through restructurings of some lease agreements in Central Europe and the extension of several key leases in Scandinavia.

 

In our Nordic and Western European home markets we continued our investment focus in the leased estate. Capex spending in 2015 reached 7.2% of hotel revenues and we will continue to upgrade our hotels through accelerated Capex deployment in 2016.

 

Despite the ongoing fragility of some key markets and the continuing volatility of the external environment, Rezidor's business showed clear traction in 2015. We will pursue our long-term strategy with focus on prudent Emerging Market growth, ongoing investment in core markets and the further optimisation of financial margins.

 

Wolfgang M. Neumann, President & CEO

 

 

On February 16, 2016 at 10:00 (Central European Time) a combined telephone conference and live webcast (in English) concerning the report will be presented by the President & CEO, Wolfgang M. Neumann and Deputy President & CFO, Knut Kleiven. To follow the webcast, please visit www.investor.rezidor.com .

 

To access the telephone conference, please dial:

 

 

Confirmation code: 3919345. For a replay of the conference call please visit www.investor.rezidor.com .

 

Annual Report 2015: March 18, 2016

Q1 2016 results: April 21, 2016

AGM 2016: April 21, 2016

Q2 2016 results: July 27, 2016

Q3 2016 results: October 25, 2016

Knut Kleiven
Deputy President & CFO
Tel: +32 2 702 9244
Fax: +32 2 702 9330
knut.kleiven@carlsonrezidor.com

 

Andrea Brandenberger
Senior Director
Business Development Strategy & Investor Relations
Tel: +32 2 702 9237
andrea.brandenberger@carlsonrezidor.com

 

The Rezidor Hotel Group Corporate Office
Avenue du Bourget 44
B-1130 Brussels
Belgium

Tel: +32 2 702 9200
Fax: +32 2 702 9300

 

Website: www.rezidor.com

 

The Rezidor Hotel Group is focused on hotel management and operates the core brands Radisson Blu and Park Inn by Radisson. In February 2014, Rezidor announced together with Carlson the launch of two additional brands; Radisson Red, an upscale "lifestyle select" brand inspired by the millennial lifestyle, and Quorvus Collection, a new generation of distinctive five star hotels.

 

The portfolio consists of 457 hotels with over 100,000 rooms in operation and under development in 80 countries across Europe, the Middle East and Africa.

 

Rezidor's strategy is to grow with management and franchise contracts and only selectively with leases. The strategy is also to further expand in the emerging markets.

 

Rezidor is a member of the Carlson Rezidor Hotel Group. For more information, visit www.rezidor.com .

 

This quarterly report comprises information which Rezidor Hotel Group AB (publ) is required to disclose under the Securities Markets Act and/or the Financial Instruments Trading Act. It was released for publication at 07:30 Central European Time on February 16, 2016.

 

Stockholm February 16, 2016

 

Wolfgang M. Neumann

President & CEO

Rezidor Hotel Group AB

 

 

The full report with tables can be downloaded from the following link:

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