Accor : What to expect from H1 2020 earnings?
>RevPAR set to bottom out in Q2 at -83%e - Accor is due to report its H1 2020 results on 4 August after trading. We expect revenues of € 1.065bn, down 45% on a reported basis and including a negative scope effect from the deconsolidation of the leasing assets of Mövenpick, divested at end-2019. Q2 is set to see business bottom out, with a significant impact from the lockdown measures implemented in most countries and the travel restrictions in force for nearly the wh...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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