Radisson Hospitality AB's Q3 2019 report

Third Quarter 2019 Revenue increased by MEUR 8.5 (3.4%) to MEUR 261.8.The increase is mainly due to the good like-for-like development and new openings.On a like-for-like basis, including hotels under renovation (“LFL&R”), Revenue increased as well by MEUR 8.5 (3.4%).Reported RevPAR for leased and managed hotels increased by 3.4% and RevPAR LFL&R increased by 2.3%.The positive performance is driven both by the leased and the managed portfolio and particularly by the ramp...

Brussels, 06/11/2019 (informazione.news - comunicati stampa - turismo)

Nine months ended September 2019

Comments from the CEO

Q3 2019 was another good quarter with strong EBITDA growth

More in detail, in the quarter we achieved an EBITDA of MEUR 58.9 (an increase of 46.5% and with 6.6 pp margin improvement). This is partly explained by the implementation of the new accounting standard for leases (IFRS 16), but nevertheless, the adjusted EBITDA increased 20.6% and the adjusted margin improved 2.7 pp. The quarter revenues show a 3.4% growth, with strong support from new openings and ramp-up of 2018 renovations.

During the quarter we continued the very important and intensive work on the five year plan intitiatives in all operational areas, buidling for future growth.

The growth of the company is also relying on new signings and I am very pleased with the signing of close to 9,400 rooms year-to-date, which is well ahead of plan and now targets to over achieve the record threshold of 10,000 in the year.

In the beginning of October we excercised our rights to acquire full ownership in prizeotel. The prizeotel team has done a fantastic job over the past few years growing the pipeline to four hotels in operation and 16 under development in strategic German-speaking countries.

Federico J. González, President & CEO

Presentation of the Q3 Results

On November 6, 2019 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 CFO, Sergio Amodeo. To follow the webcast, please visit https://www.radissonhospitalityab.com/investors .

To access the telephone conference, please dial:

Belgium, Local                    +32 (0)2 400 98 74
Belgium, Free                      0800 48740
France, Local:                      +33 (0)176 700 794
France, Free:                       0805 103 028
Norway, Local:                     +47 2396 0264
Norway, Free:                      800 51874
Sweden, Local:                    +46 (0)8 506 921 80
Sweden, Free:                     0200 125 581
UK, Local:                             +44 (0)844 571 88 92
UK, Free:                              0800 376 79 22
USA, Local:                          +1 163 151 074 95
USA, Free:                            1 866 966 13 96
Standard international       +44 (0)207 192 80 00

Confirmation code: 9197318. For a replay of the conference call please visit https://www.radissonhospitalityab.com/investors .

Financial Calendar

Q4 2019 results: February 25, 2020

For Further Information, Contact

Sergio Amodeo
CFO
sergio.amodeo@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 387 hotels, with 85,101 rooms, in operation and 126 hotels, with 25,066 rooms, under development in 80 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 Group. For more information, visit www.radissonhospitalityab.com .

Download  Radisson Hospitality AB's Q3 2019 report below

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