Radisson Hospitality AB's Year-end Report 2019

January–December 2019Fourth Quarter 2019Revenue increased by MEUR 16.2 (6.6%) to MEUR 262.2.The increase is mainly related to other revenue and new openings. On a like-for-like basis, including hotels under renovation (“LFL&R”), Revenue increased by MEUR 17.2 (7.2%). Reported RevPAR for leased and managed hotels increased by 3.3% and RevPAR LFL&R increased by 2.4%.The positive performance is mainly driven by the leased portfolio and particularly by the ramp up of...

Brussels, 25/02/2020 (informazione.news - comunicati stampa - turismo)

January–December 2019

Fourth Quarter 2019

Twelve months ended December 2019

 

Comments from the CEO

Continued good development in the last quarter of the year

In the quarter we achieved an EBITDA of MEUR 26.2 (an increase of 54.1% and with 3.1 pp margin improvement). This is mainly explained by the implementation of the new accounting standard for leases (IFRS 16). The quarter revenues show a 6.6% growth, with good 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 operating  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 10,213 rooms in 2019, which is well ahead of plan and allows us to overachieve the record threshold of 10,000.

The outlook for 2020 is promising as we are expecting to confirm all 5-year plan initiatives in line with expectations.

Concerning the potential hit from the Corona virus, so far the negative impact is considered negligible due to the limited impact of Chinese and Asian travellers on our client base.

Federico J. González, President & CEO

Presentation of the Q4 Results

On February 25, 2020 at 15:00 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 487 40
Canada, Free                       1866 992 68 02
France, Local:                      +33 (0)176 700 794
France, Free:                       0805 103 028
Norway, Local:                     +47 2396 0264
Norway, Free:                      800 518 74
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: 4972465. For a replay of the conference call please visit https://www.radissonhospitalityab.com/investors

Financial Calendar

Q1 2020 results: May 5, 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, Radisson and Radisson Collection.

The portfolio consists of 387 hotels, with 84,842 rooms, in operation and 125 hotels, with 24,985 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 .

Attachment