PPHE Hotel Group Ltd (PPH)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

1,890.00p
   
  • Change Today:
      10.00p
  • 52 Week High: 1,990.00p
  • 52 Week Low: 1,540.00p
  • Currency: UK Pounds
  • Shares Issued: 42.40m
  • Volume: 713
  • Market Cap: £801.33m
  • RiskGrade: 102
  • Beta: 0.06

PPHE Hotel Group rests easy after 'solid' H1 performance

By Duncan Ferris

Date: Thursday 06 Sep 2018

LONDON (ShareCast) - (Sharecast News) - Hotel owner, operator and franchiser PPHE Hotel Group on Thursday reported a boost in first half revenues after trading improved across several of the company's operating regions.
For the six months ended 30 June, reported revenue increased by 5% compared to the previous year, jumping to £148.8m, with normalised profit before tax increasing by 62.4% to £5.1m.

EBITDA increased by 1.7% to £40.6m and the firm had cash and cash equivalents of £206.8m at 30 June, down from £241m at 31 December.

Boris Ivesha, president and chief executive of PPHE, said: "We are pleased to report a solid first half performance, with further revenue growth and a 45% increase in the interim dividend."

The interim dividend has been raised to 16p per share.

An influx of visitors to London over the first half of the year benefitted the firm, revenue increases also stemmed from German and Hungarian Hotel performance.

Over the period, the AIM traded company started preliminary works on the development of art'otel London Hoxton, completed works on its Park Plaza Victoria Amsterdam Hotel and opened Croatia's first all-glamping offer, Arena One 99.

Renovation programmes on projects in London and the Netherlands are also underway, with further programmes planned for sites in Germany and Croatia.

"We remain focused in the second half of the year on the excellent service delivery for which our properties and people are known and on significantly progressing our renovation projects. We continue to expect the full year results to be in line with the board's expectations," said Ivesha.

PPHE's shares were up 1.2% at 1,518.00p at 1245 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 1,890.00p
Change Today 10.00p
% Change 0.53 %
52 Week High 1,990.00p
52 Week Low 1,540.00p
Volume 713
Shares Issued 42.40m
Market Cap £801.33m
Beta 0.06
RiskGrade 102

PPH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
79.62% below the market average79.62% below the market average79.62% below the market average79.62% below the market average79.62% below the market average
68.12% below the sector average68.12% below the sector average68.12% below the sector average68.12% below the sector average68.12% below the sector average
Price Trend
82.20% above the market average82.20% above the market average82.20% above the market average82.20% above the market average82.20% above the market average
72.60% above the sector average72.60% above the sector average72.60% above the sector average72.60% above the sector average72.60% above the sector average
Income
66.14% below the market average66.14% below the market average66.14% below the market average66.14% below the market average66.14% below the market average
34.88% below the sector average34.88% below the sector average34.88% below the sector average34.88% below the sector average34.88% below the sector average
Growth
15.08% above the market average15.08% above the market average15.08% above the market average15.08% above the market average15.08% above the market average
40.85% above the sector average40.85% above the sector average40.85% above the sector average40.85% above the sector average40.85% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
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 15-Nov-2019

Time Volume / Share Price
12:57 51 @ 1,890.00p
12:07 75 @ 1,882.70p
12:02 61 @ 1,850.00p
11:12 50 @ 1,890.00p
11:10 36 @ 1,830.00p

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