Report
Johanna Jourdain ...
  • Matthias Desmarais

Accor : T1 2021 encore difficile, discours plus confiant sur les perspectives estivales

>CA T1 en-dessous des attentes, RevPAR en ligne - Accor a publié un CA T1 2021 à 361 M€ (-53% en publié, dont -48% en organique), soit 7% en dessous des attentes à 389 M€ (ODDO BHF 426 M€), dont des effets négatifs de périmètre (-3%, incl. cession des actifs en location de Mövenpick) et de changes (-1%). Par division, chez HotelServices, le CA atteint 234 M€ (-56% en organique), impacté par une chute du RevPAR de 64% vs T1 2019, en ligne avec le consensus (ODDO BHF -6...
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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