MELIA HOTELS INTERNATIONAL: 3Q17 results preview.
We expect 3Q17 revenues to increase by +8% yoy to €573mn, EBITDA by 9% to €110mn and net profit by 8% to €51mn. In comparison, Factset consensus stands at €558mn, €106mn and €51mn for revenues, EBITDA and net profit. We expect Meliá management to rein in operating costs growth which was running at +13% as of 2Q17, hence our more optimistic view on margins.
However, we think the results release could also bring softer outlook for 4Q17.
Melia Hotels International is the parent company of a group engaged in the acquisition, management and operation of hotels. Co. operates its hotel network in Germany, Argentina, Brazil, Bulgaria, Cabo Verde, Chile, China, Costa Rica, Croatia, Cuba, Egypt, Spain, United States, France, Greece, Netherlands, Indonesia, Italy, Luxembourg, Malaysia, Mexico, Panama, Peru, Portugal, Puerto Rico, United Kingdom, Dominican Republic, Singapore, Switzerland, Tunisia, Uruguay, Venezuela and Vietnam under the followings brandnames: Paradisus Resorts®, Melia Hotels & Resorts®, TRYP Hoteles® and Sol Hotels & Resorts®.
Bankinter S.A. is a Spanish brokerage firm established in 1989. The company's line of business includes the provision of market research and trading services for Equity and Fixed Income products.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.