PPHE Hotel Group Ltd (PPH)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

2,040.00p
   
  • Change Today:
    -60.00p
  • 52 Week High: 2,100.00
  • 52 Week Low: 1,630.00
  • Currency: UK Pounds
  • Shares Issued: 42.46m
  • Volume: 10,581
  • Market Cap: £866.17m
  • RiskGrade: 125

PPHE Hotel Group enjoys strong first-half in Europe

By Jessica Fino

Date: Tuesday 11 Aug 2015

LONDON (ShareCast) - (ShareCast News) - Shares in PPHE Hotel Group rose on Tuesday after the hotel operator said it expects to post first-half revenues ahead of last year.
Thanks to improved occupancy and room rates in some countries in Europe, the company expects to report revenues for the six months ended 30 June to be 12% higher year-on-year to €140m.

The company said its occupancy and room rates improved in its hotels in the Netherlands, Germany and Hungary, driving revenues up 9%.

The group's UK hotels contributed in revenues by 1% on a constant currency basis and 14% in euro denominated revenues due to sterling's strength against the euro, which is the firm's reporting currency.

Looking ahead, PPHE forecasts its trading for the second half of the year to be ahead of previous expectations as the delay of planned refurbishment works, originally scheduled to be carried out on a number of hotels in 2015, means they will now take place during 2016.

President and chief executive Boris Ivesha said: "We are pleased to announce that as a result of strong trading during the first half and the significant progress against our strategy we expect our half year results to be ahead of the board's expectations."

Shares in PPHE rose 5.25% to 651.5p on Tuesday at 1356 BST.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PPH Market Data

Currency UK Pounds
Share Price 2,040.00p
Change Today -60.00p
% Change -2.86 %
52 Week High 2,100.00
52 Week Low 1,630.00
Volume 10,581
Shares Issued 42.46m
Market Cap £866.17m
RiskGrade 125

PPH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.96% below the market average87.96% below the market average87.96% below the market average87.96% below the market average87.96% below the market average
76.81% below the sector average76.81% below the sector average76.81% below the sector average76.81% below the sector average76.81% below the sector average
Price Trend
73.24% above the market average73.24% above the market average73.24% above the market average73.24% above the market average73.24% above the market average
83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average
Income
59.15% below the market average59.15% below the market average59.15% below the market average59.15% below the market average59.15% below the market average
38.1% below the sector average38.1% below the sector average38.1% below the sector average38.1% below the sector average38.1% below the sector average
Growth
19.50% above the market average19.50% above the market average19.50% above the market average19.50% above the market average19.50% above the market average
48.57% above the sector average48.57% above the sector average48.57% above the sector average48.57% above the sector average48.57% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PPH Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Sep-19 25-Apr-19
Paid 15-Oct-19 20-May-19
Amount 17.00p 19.00p

Trades for 27-Jan-2020

Time Volume / Share Price
16:35 2,001 @ 2,040.00p
16:29 1 @ 2,060.00p
16:29 4 @ 2,060.00p
16:29 62 @ 2,040.00p
16:25 11 @ 2,060.00p

Top of Page