Rezidor Hotel Group: INTERIM REPORT January-September 2017

Third Quarter 2017On a like-for-like basis ("L/L") Revenue increased by 3.6%, supported by L/L RevPAR growth for leased and managed hotels of 4.7%.The RevPAR growth is due to increase in both occupancy and average room rate. Revenue decreased by MEUR 2.2 to MEUR 249.1.The decrease is...

London, 25/10/2017 (informazione.news - comunicati stampa - turismo)

   
Comments from the CEO

Growing operating margins and finalization of our 5-year plan

Rezidor reports strong third quarter results, growing like-for-like revenue by MEUR 9.1 (3.6%), supported by strong RevPAR development in Norway, Rest of Western Europe and Eastern Europe. Operating margins improved versus last year and the EBITDA margin is one of the higest in our recent history, supported by our focused asset management activities, higher fee revenue generation and lower central costs.

During the quarter, we have made significant progress on our 5-year plan - a comprehensive and ambitious strategy which is aligned with our partner Carlson and which will help us to reach a very promising future for our partners, employees and shareholders. We will present the 5-year plan at the end of October to the Board of Directors for approval, and aim to start the roll-out in January 2018. The core components of the plan will be shared with the Investor community at an Investor Day on January 17, 2018 at the Radisson Blu Hotel in Frankfurt, Germany.

Federico González-Tejera, President & CEO

On October 25, 2017 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, Federico González-Tejera 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: 7120346. For a replay of the conference call please visit www.investor.rezidor.com.

Q4 2017 results: February 21, 2018
Q1 2018 results: April 26, 2018
AGM 2018: April 26, 2018

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

Andrea Brandenberger
Vice President 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, as well as Radisson RED, an upscale "lifestyle select" brand inspired by the millennial lifestyle, and Quorvus Collection, a new generation of distinctive five star hotels. Rezidor also holds 49% in prizeotel, a young hotel chain in the economy segment.

The portfolio consists of 479 hotels with over 106,000 rooms in operation and under development in 79 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 interim 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 October 25, 2017.

Stockholm, October 25, 2017

The Board of Directors

Rezidor Hotel Group AB (publ)

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