MINOR HOTELS: 3Q’24 RESULTS AND T.P. UPGRADE (ANÁLISIS BANCO SABADELL)
3Q'24 vs. 3Q'23 ResultsSales: € 644.2 M (+10.0% vs. +9.5% BS(e) and +6.7% consensus);
EBITDA: € 200.1 M (+11.2% vs. +8.7% BS(e) and +6.4% consensus);
9M'24 vs. 9M'23 Results
Sales: € 1.789 Bn (+10.9% vs. +10.8% BS(e) and +9.7% consensus);
EBITDA: € 498.1 M (+11.3% vs. +10.3% BS(e) and +9.4% consensus);
Minor International Public Co. is engaged in three primary businesses including restaurants, hotels and lifestyle brands distribution. Co. mainly operates in Thailand and also has operations in other countries such as Singapore, People's Republic of China, Republic of Maldives, United Arab Emirates, Sri Lanka, and Australia and New Zealand. As of Dec 31 2014, Co.'s businesses included a total of 119 hotels and serviced suites under the Anantara, Avani, Oaks, Four Seasons, St. Regis, Elewana and Minor International brands and over 1,700 restaurant outlets under The Pizza Company, Swensen's, Sizzler, Dairy Queen, Burger King, Thai Express, The Coffee Club, Ribs & Rumps and BreadTalk brands.
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