Report
Fehmi Ben Naamane

Melia : Tendances sous-jacentes toujours favorables. Surperformance maintenue

>Les effets périmètres et des one-offs du T2 2023 ont pesé sur la topline malgré une croissance des RevPAR à 11.7% - Melia Hotels a publié hier soir des résultats T2, un peu en dessous des attentes. L’écart viendrait, selon nous, des impacts périmètre qui n’ont pas été forcément totalement pris en compte. Les revenus groupe ressortent à 520 M€ (vs nos estimations à 552 M€ et celles du css Visible Alpha à 538 M€), en progression de seulement 1% yoy, impactés par des ef...
Underlying
Melia Hotels International S.A.

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®.

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
Fehmi Ben Naamane

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