Brief: Covivio Hotels FY Total Revenue Group Share Down At EUR 132.1 Mln

Covivio Hotels SCA

15/02/2021 08:39

Feb 15 (Reuters) - COVIVIO HOTELS SCA  COVH.PA :
    * ANNOUNCED ON FRIDAY 2020 ANNUAL RESULTS 
    * RESULTS IMPACTED BY AN UNPRECEDENTED CRISIS BUT UNCHANGED
FUNDAMENTALS 
    * END-DECEMBER PORTFOLIO WORTH EUR 5.94 BLN (EUR 6.62 BLN AT
100%)
    * FY TOTAL HOTEL REVENUES (GROUP SHARE) EUR 132.1 MLN,
-54.8%
LIKE-FOR-LIKE
    * AT 31 DECEMBER 2020, CASH AND UNDRAWN CREDIT LINES AT
ABOUT EUR
290 MLN 
    * EPRA EARNINGS IS EUR 38.8 MLN VS EUR 209.2 MILLION AT 31
DECEMBER 2019, AN 81.5% FALL 
    * END-DECEMBER EPRA EARNINGS PER SHARE EUR 0.30 AT 2020,
COMPARED
TO EUR 1.74 AT 2019
    * PROPOSED DIVIDEND OF EUR 0.26 PER SHARE
    * SAYS VACCINATION PROGRAMMES COUPLED WITH END TO TRAVEL
RESTRICTIONS SHOULD ALLOW FOR A GRADUAL RECOVERY OF ACTIVITY IN
HOTEL BUSINESS 
    * WILL THEN BE ABLE TO COUNT ON QUALITY AND DIVERSITY OF ITS
LET
PORTFOLIO TO BRING ABOUT LONG-TERM GROWTH IN ITS RESULTS

    
    
 Source text : https://bit.ly/37ezJaJ 
    
 Further company coverage:  COVH.PA  
   


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