Brief: Les Hotels Baverez H1 Revenue Down At 4.8 Million Euros

Les Hotels Baverez SA

16/07/2020 07:03

July 16 (Reuters) - LES HOTELS BAVEREZ SA  ALLHB.PA :
    * REPORTED ON WEDNESDAY H1 REVENUE EUR 4.8 MLN VERSUS EUR
15.0 MLN
YEAR AGO
    * SINCE MARCH 17 HOTEL IS TOTALLY CLOSED  AS WELL AS THE
CATERING
AREAS, SHOULD REOPEN TO CUSTOMERS IN SEPTEMBER
    * OVERALL OCCUPANCY RATE FOR AVAILABLE ROOMS WAS 25.20% AT
JUNE
30, 2020 COMPARED WITH 71.69% YEAR AGO 
    * PLANS TO OPEN HOTEL REGINA IN  SEPTEMBER, IT WILL BE ABLE
TO
ABSORB CUSTOMER DEMAND OF THE THREE HOTELS AT LEAST BY BEGINNING
OF THE MONTH
    * HAS OBTAINED AN EXTENSION OF MATURITIES OF THE CURRENT
LOAN FOR
6 MONTHS 
    * HAS TAKEN OUT A STATE-GUARANTEED LOAN (PGE) OF €7 MILLION
    * AT JUNE 30, 2020, COMPANY'S AVAILABLE CASH AMOUNTED TO €13
MILLION
    * HAS DECIDED TO HALT ALL WORK IN PROGRESS AND PROJECTS
DURING
LOCKDOWN 

Source text for Eikon:  ID:nGNE2zSJGv 
    
Further company coverage:  ALLHB.PA  
   


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