Radisson Hospitality AB : Good Q3 performance; outlook unchanged
>Good Q3 figures; slightly above expectations - Radisson Hospitality has just reported its Q3 2018 earnings. Group sales at € 253m (vs Oddo BHF’s estimates of € 246m, consensus at € 249m), up 4% y-o-y, reflecting a 5.6% growth in RevPAR over the quarter (+8.9% l-f-l) and dented by scope effect (8 leases contracts exited in 2017 and one lease in 2018). Organic growth came in at 7.1% (5.6% in Q2). Strong l-f-l RevPAR growth in all regions; 9.9% for the Nordics (mai...Rezidor Hotel Group is an international hospitality company managing hotels, brands and assets owned by third parties. Co. operates two main brands, Radisson Blu and Park Inn by Radisson, as well as two more brands, Radisson Red and the Quorvus Collection targeting the luxury segment. All brands are developed and licensed by Co. in Europe, the Middle East and Africa under Master Franchise Agreements with Carlson, a privately held hospitality and travel company. As of Dec 31 2013, Co.'s existing portfolio consisted of 429 hotels with 94,800 rooms in operation and under development in 69 countries across Europe, the Middle East and Africa.
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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