Radisson Hospitality AB's Q2 2019 report

January–June 2019Second Quarter 2019Revenue increased by MEUR 8.2 (3.2%) to MEUR 261.9.The increase is mainly due to the good development in the like-for-like lease portfolio (MEUR 3.8) and new openings (MEUR 4.8).On a like-for-like basis, including hotels under renovation (“LFL&R”), Revenue increased by MEUR 5.3 (2.1%).Reported RevPAR for leased and managed hotels increased by 1.0% and RevPAR LFL&R decreased by 0.4%.The decrease is mainly due to ongoing...

Brussels, 26/07/2019 (informazione.news - comunicati stampa - turismo)

January–June 2019

Second Quarter 2019

Half Year 2019

 

 

Comments from the CEO

Q2 2019 was an excellent quarter, with strong EBITDA growth, even after normalisation of the positive impact from IFRS 16, and above the 5-year operating plan

More in detail, in the quarter we achieved an EBITDA of MEUR 54.8 (an increase of 35.6% and 5.0 pp margin improvement). This is mainly explained by the adoption in 2019 of IFRS 16. Nevertheless, the normalised EBITDA still shows a very strong flow-through with a 13.8% growth and 1.6 pp margin improvement. Quarter revenues show a 3.2% growth, with excellent contribution from like-for-like room revenues (like-for-like RevPAR at 2.6% on leased hotels) and strong support from new openings in the fee business.

During the semester we made significant progress in all operational areas and company initiatives (strong like-for-like growth in the leased portfolio, new openings in the fee business, brands & experience, revenue management & pricing and repositioning). Future growth will rely on very strong support from new signings, double than previous year, at 6,734 new rooms, mainly in the fee business.

For the year we expect top-line growth in line with the 5-year operating plan, while creating value on EBITDA with operational scale and margins increase year on year.

Presentation of the Q2 Results

On July 29, 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: 4689049. For a replay of the conference call please visit https://www.radissonhospitalityab.com/investors .

Financial Calendar

Q3 2019 results: October 25, 2019

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 384 hotels, with 84,124 rooms, in operation and 128 hotels, with 26,851 rooms, under development in 81 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 .

Dowload the full report below:

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