Accor jumps as FY targets hike, extra buyback overshadow slight Q3 miss

Accor SA

24/10/2025 08:47

** Shares in Accor ACCP.PA rise almost 6% to their highest since late August, after Europe's biggest hotel group "reassured" with its Q3 figures set

** While the firm narrowly missed market expectations on hard revenues, J.P. Morgan calls the results "very reassuring", pointing out the upgraded core profit target and additional buyback plans

    ** Accor plans to launch the extra 100 million euro buyback in Q4, and aims to grow its annual EBITDA by 11%-12% on a constant currency basis versus 9%-10% guided previously

** Jefferies echoes JPM's sentiment, adding that comments on potential listing of Accor's hotel and restaurant brand Ennismore, and ongoing disposal process of Essendi "should be definitely taken well" and support shares

** Up to the previous session's close, shares were down 10.3%​ YTD

** If gains hold, the stock will see its best day since late June

(Reporting by Mateusz Rabiega)

((Mateusz.rabiega@thomsonreuters.com))