Register to get 1 free article
Reveal the article below by registering for our email newsletter.
Want unlimited access? View Plans
Already have an account? Sign in
Accor Hotels has reported a 9.4% increase in net profit to €244m (£174m), despite a slowdown in France following the terrorist attacks last year.
In its full-year results for 2015, the company reported that revenue was up 2.3% to €5,58bn (£4.35bn), while earnings before interest and tax (EBIT) was up 10.6% to €665m (£518m).
Germany and the UK were the main drivers of growth in Northern, Central and Eastern Europe, posting revenue growth of 4.5% and 5.9% respectively for the year.
Meanwhile, revenue in France was down 0.5% in 2015, reflecting a sharp decline in the fourth quarter (-6.6%) due to the terrorist events of November 13.
Sébastien Bazin, chairman and CEO, said: “AccorHotels delivered an outstanding performance in 2015: growth in revenue, a big improvement in earnings and a more robust financial position.
“The momentum driven by the strategic, operational and cultural transformation and the quality of the performance and motivation of our teams are clearly producing results in all of our businesses. AccorHotels is moving forward, driving its growth and focused on the future.”
