Accor : Q3 2024 results in line. Small upgrade to full-year EBITDA guidance unlikely to trigger a significant adjustment of consensus forecasts
>Q3 2024 broadly in line with expectations and solid pipeline - Accor has reported Q3 2024 sales of € 1.43bn (+12% reported), 3% above the consensus forecast of € 1.39bn (ODDO BHF in line at € 1.43bn). The Q3 performance was driven by almost all regions, good price levels (+4%) and an improved occupancy rate (+1pt). By division, Management & Franchise (M&F) sales reached € 358m (+7% y-o-y), buoyed by an improvement in RevPAR of 5.3% y-o-y, in line with the consensus (...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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