Report
Fehmi Ben Naamane ...
  • Johanna Jourdain

Accor : Bonne publication S1 23, des catalyseurs positifs encore à venir

>Publication S1 solide, le pipeline et la génération de FCF sont encourageants - Accor a publié hier avant Bourse des résultats S1 23 ressortis 2/3% au-dessus des attentes. Nous notons en particulier 3 éléments encourageants : 1/ la bonne maîtrise des coûts Services to owners, en ligne avec les engagements du groupe (légère contribution EBITDA attendue en 2023) ; 2/ la progression du pipeline, qui comprend désormais 217k chambres, soit +5k chambres sur le T2, avec un ...
Underlying
Accor SA

Accor is a hotel operator. Co. offers its guests and partners the expertise of a hotel operator and brand franchisor (HotelServices) and a hotel owner and investor (HotelInvest). Co. divides its activities into three segments: Luxury-upscale, Midscale and Economy. Luxury-upscale makes up 11% of Co.'s portfolio and comprises brands such as Sofitel, Pullman, MGallery, and Grand Mercure; Midscale makes up 43% of its portfolio and comprises the Novotel, Suite Novotel, Mercure and Adagio brands; and Economy makes up 46% the Co.'s portfolio, comprising the brands ibis, ibis Styles, ibis budget and hotelF1. At Dec 31 2013 Co. operated around 3,600 hotels and 460,000 rooms in 92 countries.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Fehmi Ben Naamane

Johanna Jourdain

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