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AccorHotels: FY 2017 earnings up 66%

(CercleFinance.com) - AccorHotels has reported 2017 earnings of 441 million euros, up 66.
4%, with EBITDA of 626 million euros, up 23.6%.
Stable at a constant consolidation scope and exchange rates, the group's EBITDA margin reaches 32.3%.

Group turnover came in at 1,937 million euros, up 7.9% like-for-like, and up 17.7% as reported, with the difference mainly coming from the integration of FRHI and new businesses (+12.9%).

Accor will submit for approval at its AGM of 20 April a dividend of 1.05 euro per share. It added that its discussions about the opening of AccorInvest'scapital to investors have now entered their final phase.

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