Accor - 2012 Q3 Revenue: Up 1.3% 1 at €1,485m despite unfavorable bases of comparison (France)
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Accor - 2012 Q3 Revenue: Up 1.3% 1 at €1,485m despite unfavorable bases of comparison (France)
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Category: Europe - France - Industry economy
- Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2012-10-17
€510-530 million FY 2012 EBIT target confirmed
- Solid third-quarter business levels: revenue up 1.0% as reported and 1.3% like-forlike, despite unfavorable calendar effects in several key European markets.
- Nine-month revenue up 0.3% as reported and 2.8% like-for-like.
- Management and franchise fees up 12.9% in the third quarter, thanks to the fast development, with 26,400 rooms added over the first nine months of the year, 87% of which under management and franchise contracts.
- 2012 targets confirmed, with EBIT of €510 million to €530 million and a more than 35,000-unit increase in the room base.
For the full press release, click on the link below:
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