Report
Johanna Jourdain ...
  • Matthias Desmarais

Accor : Les qualités intrinsèques du groupe ne sont pas remises en question par le contexte actuel en Asie Pacifique

>Résultats 2019 en ligne, clôturant une nouvelle année de transformation - Accor a publié des résultats 2019 en ligne avec les attentes avec un EBITDA de 825 M€, qui a bénéficié de dépenses marketing moins importantes qu’attendu (45 M€ vs 55 M€e) et de l’amélioration progressive de la division New Businesses, quasiment au point mort à fin d’année. Notre séquence de BPA ajusté (2019/2021e) a néanmoins été impactée par des D&A supérieurs aux attentes (impact IFRS 16 li...
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
Johanna Jourdain

Matthias Desmarais

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