PPHE Hotel Group H1 revenue rises 4.7% on strong UK performance
PPHE Hotel Group H1 revenue rises 4.7% on strong UK performance
Overview
UK-based hotel operator's H1 revenue rose 4.7%, driven by strong UK performance and new properties
H1 EBITDA grew 6.3% as cost focus offset higher UK business rates
Company expects FY26 results in line with market expectations
Outlook
PPHE expects FY26 results in line with market expectations
Company compiled consensus sees FY26 revenue between £475.0 mln and £483.0 mln
Company compiled consensus sees FY26 EBITDA between £140.0 mln and £147.0 mln
Result Drivers
STRONG UK PERFORMANCE - Co said UK properties, especially London, delivered revenue and EBITDA growth supported by higher room rates and stable occupancy
NEW AND MATURING HOTELS - Co said recently opened properties continued to mature and build their positions in their markets
FAVOURABLE CURRENCY - Co said stronger Euro to Sterling exchange rate benefited overall reported financial performance
Company press release: ID:nRSa3175Sa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| GBP 209.30 mln |
|
H1 EBITDA |
| GBP 48.40 mln |
|
H1 Pretax Profit |
| GBP 135.10 mln |
|
H1 RevPAR |
| GBP 113.50 |
|
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the hotels, motels & cruise lines peer group is "buy."
Wall Street's median 12-month price target for PPHE Hotel Group Limited is GBp2,050.00, about 25% above its August 26 closing price of GBp1,640.00
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago
Reuters Recommended Reads
Aug 26 - Hotel operator Fujian Holdings' H1 revenue rises
Aug 25 - China's GreenTree Q2 revenue hit by weak hotel demand; sets $5 bln buyback plan
Aug 25 - Hong Kong's Keck Seng H1 revenue rises 20% on hotel recovery
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)