Accor : Low expected in Q2, balance sheet strength to help navigate the crisis
>Q1 2020 sales better than expected, sharp slump in RevPAR - Accor reported Q1 2020 sales of € 768m (-17% reported, with -15.8% in organic terms), well ahead of expectations of € 666m, thanks to a better-than-expected performance for hotel assets. By division, hotelservices posted sales of € 540m (-17.5% organic), buoyed by solid growth in the room portfolio (+5.2%) but impacted by the slump in RevPAR of -25.4%, which is slightly lower than the consensus of -24%, with...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.
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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