Brief: Covivio Hotels End-June Net Loss Narrows To EUR 38.6 Mln

Covivio Hotels SCA

16/07/2021 06:19

July 16 - Covivio Hotels SCA  COVH.PA : 
    * SAID ON THURSDAY SUMMER 2021 SHOULD, LIKE 2020, BENEFIT
FROM THE
NEED AND WILLINGNESS TO TRAVEL AS RESTRICTIONS EASE, WITH
OCCUPANCY RATES RISING SHARPLY
    * H2 SHOULD SEE THE RECOVERY ACCELERATE WITH A DYNAMIC THAT
BEGAN
IN JUNE
    * H1 RENTAL COLLECTION RATE AT 85%, OR 69% INCLUDING
DEDUCTIBLES
AND DEFERRED PAYMENTS GRANTED
    * AT END-JUNE PORTFOLIO OF HOTELS IN EUROPE WORTH EUR 5.81
BILLION
    * END-JUNE TOTAL NET RENTS AT EUR 74.4 MILLION VS EUR 71.3
MILLION
YEAR AGO
    * END-JUNE OPERATING RESULT EUR 50.1 MILLION VS EUR 52.9
MILLION
YEAR AGO
    * END-JUNE NET LOSS GROUP SHARE EUR 38.6 MILLION VS LOSS OF
EUR
162.6 MILLION YEAR AGO
    * END-JUNE NET DEBT GROUP SHARE AT EUR 2.45 BILLION 
    * END-JUNE LIQUIDITY AND UNDRAWN CREDIT LINES OF EUR 253
MILLION
    * DURING H1 SOLD EUR 52 MILLION OF ASSETS 

    
 Further company coverage:  COVH.PA  
   


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