Intercontinental Hotels : H1 results in line, outlook unchanged
>H1 results in line - IHG has reported revenues of $ 900m (+7% reported), in line with the consensus estimate of $ 899m (Oddo BHF $ 881m). Growth in RevPAR came to 3.7%, in line (Oddo BHF 3.4%), which suggests a stabilisation at 3.7% in Q2 after 3.5% in Q1. Underlying EBIT came in at $ 398m, a shade above our forecast of $ 391m. Adjusted EPS clocked in at $ 1.42 (+25%) while DPS rose 10% to $ 0.36.By region, RevPAR rose 3.2% in the Americas in H1 (broadly stable ...
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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