Melia : Omicron impacts (as expected), but a very positive message on the summer season – Outperform, target price adjusted to € 8.7
>Q1 results better on the top line but below on EBITDA - Melia has published a set of mixed results, higher on the top line but below in terms of profitability. Group revenue, at € 271m (beating our forecast for € 242m and the consensus at € 247m), came in 2.5x above the year-earlier level, representing 71% of Q1 2019 revenue. RevPAR was down 31% vs 2019 (vs -24% in Q4 2021), with a still substantial increase in prices at 8% (vs +7% in Q4). Q1 is traditionally the qua...Melia Hotels International is the parent company of a group engaged in the acquisition, management and operation of hotels. Co. operates its hotel network in Germany, Argentina, Brazil, Bulgaria, Cabo Verde, Chile, China, Costa Rica, Croatia, Cuba, Egypt, Spain, United States, France, Greece, Netherlands, Indonesia, Italy, Luxembourg, Malaysia, Mexico, Panama, Peru, Portugal, Puerto Rico, United Kingdom, Dominican Republic, Singapore, Switzerland, Tunisia, Uruguay, Venezuela and Vietnam under the followings brandnames: Paradisus Resorts®, Melia Hotels & Resorts®, TRYP Hoteles® and Sol Hotels & Resorts®.
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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