Flash note: On the up
Recent positive developments at Snoozebox are headed by the current launch of the potentially transformative next-generation hotel product and access to significant new funding to accelerate growth plans. A more effective operating model is already evident in a sharp improvement in H1 pre-exceptional EBITDA thanks to stronger controls, a successful 2014 events season and a strengthening of senior management. 2015 events room sales are well ahead of last year, while the new Premier Oil workforce contract confirms continuing high-profile demand for existing stock.
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