Rezidor Hotel Group: INTERIM REPORT January-June 2013

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News Desk 2018

Jul 17, 2013 at 1:46 AM

Second quarter, 2013 * Like-for like ("L/L") RevPAR was up by 6.0%. * Revenue increased by 4.2% to MEUR 248.9 (238.9). On a L/L basis Revenue increased by 7.0%. * EBITDA amounted to MEUR 34.9 (22.7), and the EBITDA margin was 14.0% (9.5). * Profit after tax amounted to MEUR 17.4 (6.2). * Basic and diluted Earnings Per Share was EUR 0.12 (0.04). * Ca 1,800 new rooms were contracted and ca 800 new rooms opened. Half year, 2013 * L/L RevPAR was up by 5.9%. * Revenue increased by 2.3% to MEUR 456.0 (445.8). On a L/L basis Revenue increased by 3.9%. * EBITDA amounted to MEUR 32.1 (17.7), and the EBITDA margin was 7.0% (4.0). * Profit after tax amounted to MEUR 6.2 (-7.9). * Basic and diluted Earnings Per Share was EUR 0.04 (-0.05). * Cash flow from operating activities amounted to MEUR 6.6 (-10.7). * Ca 2,900 new rooms were contracted and ca 1,700 new rooms opened. MEUR Q2 2013 Q2 2012 H1 2013 H1 2012 ----------------------------------------------------------------------- Revenue 248.9 238.9 456.0 445.8 ----------------------------------------------------------------------- EBITDAR 97.0 82.3 155.6 140.7 ----------------------------------------------------------------------- EBITDA 34.9 22.7 32.1 17.7 ----------------------------------------------------------------------- EBIT 26.2 11.7 16.2 -0.8 ----------------------------------------------------------------------- Profit/loss for the period 17.4 6.2 6.2 -7.9 ----------------------------------------------------------------------- EBITDAR margin, % 39.0% 34.4% 34.1% 31.6% ----------------------------------------------------------------------- EBITDA margin, % 14.0% 9.5% 7.0% 4.0% ----------------------------------------------------------------------- EBIT margin, % 10.5% 4.9% 3.6% -0.2% ----------------------------------------------------------------------- Comments from the CEO Continued strong RevPAR development; EBITDA margin expansion in line with Route 2015 turnaround plan "We see a modest, demand driven, recovery in the EMEA hotel market despite continued macroeconomic uncertainties. During the quarter, the Nordics posted a strong RevPAR performance benefitting from the Easter timing. Western and Eastern Europe also showed good developments. The markets in the Middle East and Africa continued to show a positive trend, and witnessed a double digit RevPAR growth. Our Route 2015 turnaround plan has continued to deliver positive results. We gained further market share and noted solid improvement in profitability. EBITDA margin increased by 4.5 percentage points and resulted in the best Q2 performance since 2009. The Easter timing contributed an estimated 1 percentage point to the margin uplift. Our investment program also gained momentum in line with our plans. During the quarter, we added 1,800 rooms to the pipeline and opened 800 rooms. More than 90% of the new rooms were under fee based contracts, which support our asset-light strategy. The visibility for the next quarter and the rest of the year is still low. Maintaining cautious optimism, we remain strongly focussed on capturing market share, tight cost control, asset management and growth in emerging markets." Wolfgang M. Neumann, President & CEO Presentation of the Q2 results On July 17, 2013 at 10:00 (Central European Time) a combined telephone conference and live webcast (in English) concerning the report will be presented by the President & CEO, Wolfgang M. Neumann and Deputy President & CFO, Knut Kleiven. To follow the webcast, please visit www.investor.rezidor.com To access the telephone conference, please dial: Sweden: +46 (0)8 5033 6538 Sweden toll-free: 0200 883 440 UK: +44 (0)20 3427 1914 UK toll-free: 0800 279 4992 France: +33 (0)1 7677 2220 France toll-free: 0805 631 580 US: +1 646 254 3367 US toll-free: 1877 280 2296 Confirmation code: 6625925 For a replay of the conference call please visit www.investor.rezidor.com Financial calendar 2013 Q3 2013 results: October 22, 2013 Q4 2013 results: February 7, 2014 Q1 2014 results: April 24, 2014 This quarterly report comprises information which Rezidor Hotel Group AB (publ) is required to disclose under the Securities Markets Act and/or the Financial Instruments Trading Act. It was released for publication at 07:30 Central European Time on July 17, 2013. For further information, contact Knut Kleiven Deputy President & CFO Tel: +32 2 702 9244 Fax: +32 2 702 9330 knut.kleiven@carlsonrezidor.com The Rezidor Hotel Group Corporate Office Avenue du Bourget 44 B-1130 Brussels Belgium Tel: +32 2 702 9200 Fax: +32 2 702 9300 Website: www.rezidor.com About the Rezidor Hotel Group The Rezidor Hotel Group is one of the most dynamic and fastest growing hotel companies in the world. The group currently features a portfolio of 434 hotels with 95,000 rooms in operation and under development in 70 countries across Europe, the Middle East and Africa. Rezidor operates the core brands Radisson Blu and Park Inn by Radisson, as well as Regent Hotels & Resorts, and Hotel Missoni, a lifestyle brand which is developed worldwide following a licence agreement with the iconic Italian fashion house Missoni. Rezidor is a member of the Carlson Rezidor Hotel Group. For more information, visit www.rezidor.com The full report with tables can be downloaded from the following link: [HUG#1716800]

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