Radisson Hospitality AB: Interim Report January-March 2019

First Quarter 2019 Revenue increased by MEUR 7.2 (3.5%) to MEUR 213.4.The increase is mainly due to strong performance in the like-for-like hotel portfolio. On a like-for-like basis, including hotels under renovation ("LFL&R"), Revenue increased by MEUR 7.7 (3.8%). Reported RevPAR...

London, 30/04/2019 (informazione.news - comunicati stampa - turismo)

First Quarter 2019

Comments from the CEO

Continued growth in revenue and margins

The first quarter of 2019 showed a strong like-for-like revenue growth of 3.8% (including hotels under renovation), resulting in a very good profit conversion in the like-for-like portfolio.

We also saw a continued growth in margins: The Adjusted EBITDA margin increased from 3.0% to 5.6%.

Fully supported by our new majority shareholder - a consortium led by Jin Jiang International Holdings Co., Ltd., including the SINO-CEE Fund - we are further pursuing our comprehensive 5-year operating plan. Linked to the change in ownership, Radisson Hospitality AB's legal status is about to change: The consortium's application for a de-listing of our group was approved by Nasdaq Stockholm, and our last trading day was March 22. We expect to be considered a privately-owned company by the summer 2019.

Presentation of the Q1 Results

On April 30, 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 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: 5991377. For a replay of the conference call please visit https://www.radissonhospitalityab.com/investors .

Financial Calendar

Q2 2019 results: July 26, 2019
Q3 2019 results: October 25, 2019

Annual General Meeting 2019

The Annual General Meeting of Radisson Hospitality AB (publ) will take place on April 30, 2019 at 11.00 CET at the Radisson Blu Waterfront Hotel in Stockholm.

For Further Information, Contact

Knut Kleiven Deputy President & CFO knut.kleiven@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 379 hotels, with 83,541 rooms, in operation and 121 hotels, with 25,318 rooms, under development in 79 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.

Stockholm, April 30, 2019

The Board of Directors

Radisson Hospitality AB (publ)