-* RevPAR Like-for-like increased by 3.0% to EUR 70.7 (68.7). Like-for-like Occupancy was 66.7% (66.5). -* Revenue increased by 11.7% or MEUR 23.7 to MEUR 226.7 (203.0). On a Like-for-like basis Revenue increased by 3.9%. -* EBITDA was MEUR 14.8 (17.5), and EBITDA margin was 6.5% (8.6). -* Profit after tax amounted to MEUR 4.7 (17.2). -* Basic and diluted Earnings Per Share amounted to EUR 0.03 (0.12).Full report is available here.Six month ending June, 2011 -* RevPAR Like-for-like increased by 4.5% to EUR 63.3 (60.6). Like-for-like Occupancy was 61.2% (60.3). -* Revenue increased by 13.7% or MEUR 50.6 to MEUR 419.3 (368.7). On a Like-for-like basis Revenue increased by 3.7%. -* EBITDA was MEUR 6.2 (6.0), and EBITDA margin was 1.5% (1.6). -* Loss after tax amounted to MEUR -12.7 (-0.6). -* Basic and diluted Earnings Per Share amounted to EUR -0.09 (-0.00). -* Cash flow from operating activities was -20.1 (-0.0). Total available cash at the end of the period, including unutilised credit facilities, amounted to MEUR 88.4 (MEUR 129.3 in Dec 2010 and MEUR 96.1 in June 2010).Other developments -* In April it was announced that the employment contract for the President and CEO, Kurt Ritter, has been extended by three years until February 2015. -* Circa 1,000 new rooms were added into operations in the second quarter and ca 2,400 during the first six months. -* Circa 2,100 rooms were signed in the second quarter and ca 4,300 during the first six months. All of the new rooms signed during the year were managed or franchised.Comment from the CEO -* Continued growth in Europe; margins for the quarter impacted due to non-recurring items and the unrest in North Africa and the Middle East
Rezidor's Interim Report January-June 2011
2 min reading time
Published on 22/07/11 - Updated on 17/03/22
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