Accor: updates financial targets
(CercleFinance.com) - Yesterday, Accor issued bonds convertible into new shares and/or exchangeable for existing shares (OCEANE) totaling 500 million euros, bearing interest at a nominal annual rate of 0.
70% and maturing on 7 December 2027.
In conjunction with this announcement, the group updated its financial targets.
Accor will post a negative EBITDA in 2020, with a net loss exceeding one billion euros.
The first tangible signs of recovery are already visible in Asia and the Pacific, reinforced by the announcement of the first anti-Covid vaccines, Accor said.
Accor aims to return to positive EBITDA by 2021, assuming there is no third wave of the pandemic and that borders reopen before the end of the first quarter of 2021.
The market seems to like these comments - the Accor share is up over
2% in the first hour of trading on Tuesday.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
70% and maturing on 7 December 2027.
In conjunction with this announcement, the group updated its financial targets.
Accor will post a negative EBITDA in 2020, with a net loss exceeding one billion euros.
The first tangible signs of recovery are already visible in Asia and the Pacific, reinforced by the announcement of the first anti-Covid vaccines, Accor said.
Accor aims to return to positive EBITDA by 2021, assuming there is no third wave of the pandemic and that borders reopen before the end of the first quarter of 2021.
The market seems to like these comments - the Accor share is up over
2% in the first hour of trading on Tuesday.
Copyright (c) 2020 CercleFinance.com. All rights reserved.