Last $9.44 USD
Change Today -0.23 / -2.38%
Volume 29.5K
ACRFY On Other Exchanges
Symbol
Exchange
ACRFY is not on other exchanges.
As of 8:10 PM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

accor sa-unspon adr (ACRFY) Key Developments

Accor Signs Management Contract for Sydney ICC Hotel

Accor has signed a management agreement for the new ICC Hotel in Sydney, Australia, to operate under its Sofitel brand. The Sofitel Sydney Darling Harbour will form part of the NSW Government's $2.5 billion transformation of Darling Harbour, which includes the creation of Sydney's new convention, exhibition and entertainment precinct. Construction of the 35-floor Sofitel Sydney Darling Harbour hotel is expected to start towards the end of 2014, and is due for completion in the second quarter of 2017. The hotel will feature a unique and instantly recognisable architectural design with about 600 rooms to support the new ICC Sydney and Sydney's growing accommodation demand.

Accor Reports Audited Consolidated Earnings Results for the First Six Months Ended June 30, 2014; Provides Earnings Guidance for the Year 2014

Accor reported audited consolidated earnings results for the first six months ended June 30, 2014. For the period, the company reported revenue of EUR 2,593 million against EUR 2,640 million a year ago. EBITDAR was EUR 807 million against EUR 804 million a year ago. EBIT was EUR 219 million against EUR 191 million a year ago. Operating profit before tax and non- recurring items was EUR 192 million against EUR 146 million a year ago. Net profit, Group share was EUR 60 million against EUR 34 million a year ago. Funds from operations rose to EUR 296 million from EUR 288 million in the first-half 2013. Recurring development expenditure amounted to EUR 84 million. Maintenance and renovation expenditure totaled EUR 61 million versus EUR 80 million at the first-half 2013. The gap is linked to a lag observed in CAPEX expenditures which will be offset in the second-half of 2014. In the first-half of 2014, recurring cash flow was solid at EUR 151 million. Net debt increased by EUR 33 million in the first-half 2014 to EUR 259 million at 30 June 2014 from EUR 226 million as at June 30, 2013. This slight increase is linked to the acquisitions of the Moor Park and Axa Real Estate hotel portfolios for EUR 900 million, offset by the EUR 900 million proceeds from the June 2014 perpetual subordinated notes issue, the total amount of which is treated as equity under IFRS. EBITDA was EUR 376 million compared to EUR 362 million reported a year ago. Profit from continuing operations was EUR 69 million compared to EUR 37 million reported a year ago. Earnings per diluted share were EUR 0.26 compared to EUR 0.15 reported a year ago. Diluted earnings per share from continuing operations were EUR 0.27 compared to EUR 0.15 reported a year ago. Net cash from operating activities was EUR 286 million compared to EUR 286 million reported a year ago. Adjusted funds from ordinary activities were EUR 923 million compared to EUR 919 million reported a year ago. For the year 2014, the company expects to report full-year EBIT of EUR 575 million to EUR 595 million, compared with adjusted 2013 EBIT of EUR 521 million.

Accor Seeks To Buy Hotels

Accor S.A. (ENXTPA:AC) seeks to buy up hotels it currently leases.

Accor S.A., H1 2014 Earnings Call, Aug 26, 2014

Accor S.A., H1 2014 Earnings Call, Aug 26, 2014

Telekom Malaysia and Accor Jointly Launch Service Offerings for Respective Customers

Telekom Malaysia and Accor announced that it have signed a partnership agreement to jointly launch service offerings for their respective customers. Telekom Malaysia and Accor will jointly provide products and services, loyalty programmes, corporate collaborations, joint marketing and promotions, earned media value, as well as additional benefits for both parties' employees. The agreement also covers the provisioning of Telekom Malaysia's services to hotels under Accor, including the 'Hospitality Entertainment Solution', an ICT and entertainment package from Telekom Malaysia. The Hospitality Entertainment Solution platform comprises in-building broadband services, the HyppTV IPTV service, and a call centre service, powered by Telekom Malaysia's broadband network.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
ACRFY:US $9.44 USD -0.23

ACRFY Competitors

Market data is delayed at least 15 minutes.

Company Last Change
easyJet PLC 1,345 GBp +3.00
Expedia Inc $88.29 USD +2.39
MGM Resorts International $23.83 USD -0.64
Royal Caribbean Cruises Ltd $64.37 USD +0.61
Ryanair Holdings PLC €7.28 EUR -0.098
View Industry Companies
 

Industry Analysis

ACRFY

Industry Average

Valuation ACRFY Industry Range
Price/Earnings 52.7x
Price/Sales 1.5x
Price/Book 2.4x
Price/Cash Flow 17.4x
TEV/Sales 0.5x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact ACCOR SA-UNSPON ADR, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.