AccorHotels: aims to double its EBITDA by 2022
(CercleFinance.com) - At its CMD today in Paris, AccorHotels has said that it is confirming its targets, aiming to double its EBITDA between 2017 and 2022, targeting 1.
2 billion euros.
This growth will be driven by the contribution made by acquisitions over recent months, strong business in its markets, a continuous acceleration in its development and an improvement in operating margins, thanks to an optimised management of structural costs.
The French hotel giant added that "Operating performance enhancement, combined with stable CAPEX will lead to sharp increase in recurring cash-flows, and hence the Group's dividend per share."
Copyright (c) 2018 CercleFinance.com. All rights reserved.
2 billion euros.
This growth will be driven by the contribution made by acquisitions over recent months, strong business in its markets, a continuous acceleration in its development and an improvement in operating margins, thanks to an optimised management of structural costs.
The French hotel giant added that "Operating performance enhancement, combined with stable CAPEX will lead to sharp increase in recurring cash-flows, and hence the Group's dividend per share."
Copyright (c) 2018 CercleFinance.com. All rights reserved.