PPHE Hotel Group Ltd (PPH)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

1,770.00p
   
  • Change Today:
    -10.00p
  • 52 Week High: 1,990.00p
  • 52 Week Low: 1,525.00p
  • Currency: UK Pounds
  • Shares Issued: 42.40m
  • Volume: 11,289
  • Market Cap: £750.45m
  • RiskGrade: 106

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.

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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 1,770.00p
Change Today -10.00p
% Change -0.56 %
52 Week High 1,990.00p
52 Week Low 1,525.00p
Volume 11,289
Shares Issued 42.40m
Market Cap £750.45m
RiskGrade 106

PPH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.53% below the market average78.53% below the market average78.53% below the market average78.53% below the market average78.53% below the market average
63.16% below the sector average63.16% below the sector average63.16% below the sector average63.16% below the sector average63.16% below the sector average
Price Trend
74.51% above the market average74.51% above the market average74.51% above the market average74.51% above the market average74.51% above the market average
67.09% above the sector average67.09% above the sector average67.09% above the sector average67.09% above the sector average67.09% above the sector average
Income
58.55% below the market average58.55% below the market average58.55% below the market average58.55% below the market average58.55% below the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Growth
15.38% above the market average15.38% above the market average15.38% above the market average15.38% above the market average15.38% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
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 16-Sep-2019

Time Volume / Share Price
16:35 2,909 @ 1,770.00p
16:29 122 @ 1,770.00p
16:29 2 @ 1,770.00p
16:29 3 @ 1,770.00p
16:29 5 @ 1,770.00p

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