Brief: NH Hotels FY Net Recurring Profit Up At 125.9 Mln Euros YoY

Minor Hotels Europe & Americas SA

08/02/2024 11:10

Feb 8 (Reuters) - NH Hotel Group SA  NHH.MC :
    * FY REVENUE 2.16 BILLION EUROS VERSUS 1.76 BILLION EUROS
YEAR AGO
    * FY RECURRING EBITDA 595.5 MILLION EUROS VERSUS 518.6
MILLION
EUROS YEAR AGO
    * FY NET RECURRING PROFIT 125.9 MILLION EUROS VERSUS 75.7
MILLION
EUROS YEAR AGO
    * SECTOR DYNAMICS REMAIN FAVOURABLE SO FAR IN 2024, MARKED
BY
ROBUST DEMAND AND SUSTAINED IMPROVEMENT IN INTERNATIONAL AND
BUSINESS TRAVEL
    * IN 2023, REVENUE PER AVAILABLE ROOM (REVPAR) AVERAGED €94
PER
NIGHT, MARKING A GROWTH OF 26% FROM 2022 (REVPAR: €74)
    * FY OCCUPANCY RATE AT 68% VERSUS 60.9% YEAR AGO
    * ARGENTINE ECONOMY, HIT BY HYPERINFLATION AND CURRENCY
DEPRECIATION, SLIGHTLY ERODED ITS INCOME, PROFITS, AND GROSS
OPERATING RESULT IN 2023

Source text for Eikon:  ID:nCNM75kwmk 
Further company coverage:  NHH.MC 

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