Rezidor Hotel Group: INTERIM REPORT January-June 2014

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| Source: Rezidor Hotel Group AB
Second Quarter 2014
  * Like-for like ("L/L") RevPAR was up by 2.7%.
  * Revenue decreased marginally to MEUR 247.1 (248.9).
  * On a L/L basis Revenue decreased by 0.9%.
  * EBITDA amounted to MEUR 30.8 (34.9), and EBITDA margin decreased to 12.5%
    (14.0).
  * Profit after tax amounted to MEUR 14.1 (17.4).
  * Basic and diluted Earnings per Share were EUR 0.09 (0.12).
  * 2,194 new rooms were contracted, 795 new rooms opened and 415 rooms left the
    system.
  * Through a successful rights issue, proceeds of MEUR 59.7 were received.

Half year 2014
  * L/L RevPAR was up by 3.7%.
  * Revenue increased marginally to MEUR 458.5 (456.0).
  * On a L/L basis Revenue increased by 1.2%.
  * EBITDA amounted to MEUR 30.1 (32.1), and the EBITDA margin decreased to
    6.6% (7.0).
  * Profit after tax amounted to MEUR 3.8 (6.2).
  * Basic and diluted Earnings per Share were EUR 0.03 (0.04).
  * Cash flow from operating activities amounted to MEUR 0.8 (6.6).
  * 3,200 new rooms were contracted and 2,009 new rooms opened.

 MEUR                  Q2 2014 Q2 2013 H1 2014 H1 2013

 Revenue                 247.1   248.9   458.5   456.0

 EBITDAR                  93.0    97.0   154.7   155.6

 EBITDA                   30.8    34.9    30.1    32.1

 EBIT                     21.4    26.2    12.9    16.2

 Profit for the period    14.1    17.4     3.8     6.2

 EBITDAR margin, %       37.6%   39.0%   33.7%   34.1%

 EBITDA margin, %        12.5%   14.0%    6.6%    7.0%

 EBIT margin, %           8.7%   10.5%    2.8%    3.6%



Comments from the CEO

Growth in underlying RevPAR supported by gain in market share; continued focus
on delivering on Route 2015 targets

"We  see a rate driven, modest recovery  in several EMEA markets despite overall
macroeconomic  uncertainties. During the quarter, Western Europe and the Nordics
posted  a good RevPAR performance,  with the exception of  Norway which showed a
more pronounced impact of the Easter timing. Eastern Europe, the Middle East and
Africa  continued to show  a positive trend.  The exceptions included Russia and
Ukraine, which suffered from the regional political turmoil.

Our  Route 2015 turnaround plan  has continued to  deliver positive results. The
quarter  posted good underlying  results, albeit those  were somewhat diluted by
the  strengthening of the Euro, the Easter timing and some specific events, like
the  closure  of  one  leased  hotel  for  renovation and the exit of the casino
operations  in Copenhagen. We continued to  gain market share during this period
and we completed a successful rights issue which generated MEUR 60 in additional
cash.  Those funds will be strategically deployed to execute our long-term plans
and increase shareholder value.

During  the quarter, we added 2,200 rooms  to the pipeline and opened 800 rooms.
All  the new rooms were under fee based contracts, which support our asset-light
strategy.

The  visibility for the next quarter  and the rest of the  year is still low. We
maintain  cautious optimism, and remain strongly focussed on revenue generation,
tight cost control, asset management and profitable growth."

Wolfgang M. Neumann, President & CEO


Presentation of the Q2 Results

On   July   23, 2014 at  10:00 (Central  European  Time)  a  combined  telephone
conference and live webcast (in English) concerning the report will be presented
by  the President &  CEO, Wolfgang M.  Neumann and Deputy  President & CFO, Knut
Kleiven.

To follow the webcast, please visit www.investor.rezidor.com

To access the telephone conference, please dial:
 Sweden:              +46(0)8 5065 3937

 Sweden, Free:        0200 883 440

 USA, Local:          +1212 444 0895

 USA, Free:           1877 280 1254

 UK, Local:           +44(0)20 3427 1913

 UK, Free:            0800 279 4992

 Belgium, Local:      +32(0)2 402 3092


Confirmation code: 3116852

For a replay of the conference call please visit www.investor.rezidor.com.

Financial Calendar

Q3 2014 results: October 24, 2014
Q4 2014 results: February 17, 2015
Q1 2015 results: April 24, 2015

This  quarterly report comprises information which Rezidor Hotel Group AB (publ)
is  required to disclose  under the Securities  Markets Act and/or the Financial
Instruments  Trading  Act.  It  was  released  for  publication at 07:30 Central
European Time on July 23, 2014.

For Further Information, Contact

Knut Kleiven
Deputy President & CFO
Tel: +32 2 702 9244
Fax: +32 2 702 9330
knut.kleiven@carlsonrezidor.com

The Rezidor Hotel Group Corporate Office
Avenue du Bourget 44
B-1130 Brussels
Belgium
Tel: +32 2 702 9200
Fax: +32 2 702 9300

Website: www.rezidor.com

About the Rezidor Hotel Group

The  Rezidor Hotel  Group currently  features a  portfolio of 433 hotels with ca
96,000 rooms  in operation and under  development in 69 countries across Europe,
the  Middle East and Africa.  Rezidor operates the core  brands Radisson Blu and
Park Inn by Radisson.

Rezidor is a member of the Carlson Rezidor Hotel Group.

For more information, visit www.rezidor.com

The full report with tables can be downloaded from the following link:

[HUG#1834292]