Radisson Hospitality AB: Interim Report January-June 2018

Second Quarter 2018Revenue decreased by MEUR 0.4 (-0.2%) to MEUR 253.7.The decrease is due to the exit of eight leases at the end of last year (MEUR -7.1) and the strengthening of the Euro (MEUR -7.0).On a like-for-like basis, including hotels under renovation ("LFL&R"), Revenue...

London, 26/07/2018 (informazione.news - comunicati stampa - turismo)

Second Quarter 2018

Half Year 2018

Comments from the CEO
Federico J. González, President & CEO: Very encouraging quarter: Best ever EBITDA in the history of the company and very good progress on all the 5-year operating plan initiatives

We report an all-time high EBITDA for a quarter and for a first semester.

More in detail, in the quarter we achieved an EBITDA of MEUR 40.4 (an increase of 42.3%) and an EBITDA margin of 15.9% (an increase of 4.7 pp). Revenue like-for-like, including hotels under renovation, grew by 5.6% (MEUR 13.7 ).

During the semester we have made significant progress on all company initiatives (operations, brands & experience, revenue management & pricing and repositio-nings). We have also successfully issued MEUR 250 senior secured notes to finance our 5-year operating plan. Our business plan is strongly supported by the market.

Our guidance for the year in terms of like-for-like revenue, including hotels under renovation, is 4.0-4.5%, and on reported EBITDA margin ca 11%.

Presentation of the Q2 Results
On July 26, 2018 at 10:00 CET, a combined telephone conference and live webcast (in English) concerning the report will be presented by the President & CEO, Federico J. González and Deputy President & CFO, Knut Kleiven. To follow the webcast, please visit https://www.radissonhospitalityab.com/investors

To access the telephone conference, please dial:

Confirmation code: 7991769. For a replay of the conference call please visit https://www.radissonhospitalityab.com/investors.

Financial Calendar
Q3 2018 results: October 25, 2018
Q4 2018 results: February 22, 2019

For Further Information, Contact
Knut Kleiven
Deputy President & CFO
knut.kleiven@radissonhotels.com

Pablo Corrales Diaz
Director, Strategy & Investor Relations
pablo.corrales@radissonhotels.com

Avenue du Bourget 44
B-1130 Brussels
Belgium
Tel: +32 2 702 9200

Website: www.radissonhospitalityab.com

About Radisson Hospitality AB (publ)
Radisson Hospitality AB (publ) is focused on hotel management and operates the core brands Radisson Blu and Park Inn by Radisson, as well as Radisson RED, an upscale "lifestyle select" brand inspired by the millennial lifestyle, and Radisson Collection, a premium lifestyle collection of exceptional hotels located in unique locations. Radisson also holds 49% in prizeotel, a young hotel chain in the economy segment.

The portfolio consists of 376 hotels, with 82,812 rooms, in operation and 110 hotels, with 24,324 rooms, under development in 78 countries across Europe, the Middle East and Africa.

Radisson's strategy is to grow with an asset-right approach, balancing management and franchise contracts with selected lease contracts. Management and franchise contracts offer a higher profit margin and more stable income streams and lease contracts allow Radisson to complete their presence in Mature markets.

Radisson is a member of Radisson Hotel GroupRadisson(TM). For more information, visit www.radissonhospitalityab.com.

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