PPHE Hotel Group Ltd (PPH)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

1,980.00p
   
  • Change Today:
    -10.00p
  • 52 Week High: 2,040.00
  • 52 Week Low: 1,630.00
  • Currency: UK Pounds
  • Shares Issued: 42.46m
  • Volume: 110,154
  • Market Cap: £840.69m
  • RiskGrade: 102

PPHE Hotels to open 1,000 new rooms this year

By Josh White

Date: Thursday 10 Mar 2016

LONDON (ShareCast) - (ShareCast News) - Luxury hotel operator PPHE Hotels was in a strong position on Thursday, publishing its final results for the 2015 calendar year as it prepared to open more than 1,000 new rooms.
The AIM-traded company reported an 11.8% increase in revenue to €302.5m. On a constant currency basis, revenue rose 4.4% to €282.3m.

PPHE's reported EBITSA was up 16.9% to €110.9m, while on a constant currency basis it was up 9.1%. Its reported EBITDA margin was 36.6%, up 150 basis points, and driven by a higher average room rate and tight cost control.

Normalised profit before tax increased 25.5% to €41.2m, while normalised earnings per share improved to 99 euro cents, from 79 cents in 2014. On a reported basis, profit before tax declined to €38.8m from €41.6m, and basic and diluted earnings per share were 97 euro cents, down from €1 in 2014.

PPHE's board proposed a final dividend of 10p per share, taking 2015's total dividend to 20p, a 5.3% increase in 2014.

"We are pleased to report another year of progress with double digit growth in revenue, normalised profit and normalised earnings per share," said president and chief executive Boris Ivesha.

"Excellent progress was also made with the various projects in our development pipeline," he added.

Ivesha said trading in the year to date was in line with the board's expectations in all markets, and described 2016 as a 'tremendously exciting' one for the group.

PPHE was opening three new hotels in the current year, and relaunching an extended and remodeled Park Plaza Riverbank London property, adding 1,067 rooms to the portfolio. Nine hundred of the new rooms would be in the capital.

"We will also continue to progress the various renovation projects to ensure that our hotels continue to improve on their strong market position, whilst making further progress in preparations for the two new art'otels planned for London," Ivesha explained.

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 1,980.00p
Change Today -10.00p
% Change -0.50 %
52 Week High 2,040.00
52 Week Low 1,630.00
Volume 110,154
Shares Issued 42.46m
Market Cap £840.69m
RiskGrade 102

PPH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
86.92% below the market average86.92% below the market average86.92% below the market average86.92% below the market average86.92% below the market average
73.91% below the sector average73.91% below the sector average73.91% below the sector average73.91% below the sector average73.91% below the sector average
Price Trend
62.45% above the market average62.45% above the market average62.45% above the market average62.45% above the market average62.45% above the market average
66.20% above the sector average66.20% above the sector average66.20% above the sector average66.20% above the sector average66.20% above the sector average
Income
58.18% below the market average58.18% below the market average58.18% below the market average58.18% below the market average58.18% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Growth
20.10% above the market average20.10% above the market average20.10% above the market average20.10% above the market average20.10% 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 21-Jan-2020

Time Volume / Share Price
16:35 261 @ 1,980.00p
16:29 5 @ 1,980.00p
16:28 2 @ 1,980.00p
16:23 2,639 @ 1,980.00p
16:23 28 @ 1,990.00p

Top of Page