Brief: Les Hotels Baverez End-September Operating Loss Narrows To 3.2 Million Euros

Les Hotels Baverez SA

05/11/2021 17:38

Nov 5 (Reuters) - Les Hotels Baverez SA  ALLHB.PA :
    * CHANGE IN TURNOVER AT 30 SEPTEMBER 2021: +26.23% VERSUS
2020
    * END-SEPTEMBER OPERATING LOSS EUR 3.2 MLN VS EUR LOSS OF
EUR 7.1
MLN YR AGO 
    * END-SEPTEMBER NET LOSS EUR 0.2 MLN VS LOSS EUR 7.3 MLN YR
AGO 
    * THE OVERALL OCCUPANCY RATE FOR AVAILABLE ROOMS WAS 19.21%
AT
SEPTEMBER 30
    * OUR 2021 ACTIVITY WILL BE FURTHER PENALISED BY THE HEALTH
RESTRICTIONS AT THE BEGINNING OF THE YEAR
    * AS OF SEPTEMBER 30, 2021, ACTIVE CASH AMOUNTS TO € 18.7
MILLION
AND OUTSTANDING BORROWINGS SHOW A BALANCE OF € 21.9 MILLION
    * THE COVID 19 CRISIS CONTINUES TO HAVE A HEAVY IMPACT ON
TOURIST
ACTIVITY AND HOTELS IN PARTICULAR IN THE CAPITAL
    * FOREIGN GUESTS ARE STARTING TO RETURN TO HOTELS
    * TOTAL DEBTS, INCLUDING OPERATING DEBTS, WERE € 25.7
MILLION AS
OF JUNE 30, 2021
    * IT SHOULD BE NOTED THAT THE COMPANY IS UNABLE TO PAY
DIVIDENDS
UNTIL FULL REPAYMENT OF THE TWO STATE-GUARANTEED LOANS

Source text for Eikon:  ID:nGNE9b4jC9 
Further company coverage:  ALLHB.PA 

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