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Accor Reports Positive EBITDA In H1

July 28, 2022 — 02:22 am EDT

Written by RTTNews.com for RTTNews

(RTTNews) - Accor (ACRFY.PK, ACRFF.PK) reported first half net profit, Group share of 32 million euros, compared to 67 million euros, prior year. Consolidated EBITDA was 205 million euros compared to a negative EBITDA of 120 million euros, previous year. EBITDA margin was 12%, for the period.

First half revenue was 1.725 billion euros, up 97% like-for-like. During first-half 2022, Accor opened 85 hotels, representing 11,700 rooms, a net system growth of 1.8% in the last 12 months.

Looking forward, the Group expects EBITDA to exceed 550 million euros for the full-year 2022. Also, the Group confirmed its forecast of net unit growth in the network of around 3.5%.

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Accor Reports Positive EBITDA In H1

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