PPHE Hotel Group Ltd (PPH)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

1,145.00p
   
  • Change Today:
      80.00p
  • 52 Week High: 2,140.00
  • 52 Week Low: 805.00
  • Currency: UK Pounds
  • Shares Issued: 42.46m
  • Volume: 12,694
  • Market Cap: £486.16m
  • RiskGrade: 335

PPHE Hotel Group revenue growth underpinned by UK properties

By Josh White

Date: Thursday 31 Oct 2019

LONDON (ShareCast) - (Sharecast News) - International hospitality real estate company PPHE Hotel Group reported growth in revenue for the three months ended 30 September on Thursday, aided by a strong revenue per available room (revPAR) performance in the United Kingdom.
The FTSE 250 company said that was driven by "good increases" in its average room rate across a number of properties, and maturing trading and recent openings across several hotels in London and Amsterdam.

For the three month period, like-for-like revenue rose by 5.6% to £120.2m, while reported total revenue was ahead 6.0% at £121.0m year-on-year.

In the same period, like-for-like revPAR increased by 3.9% to £116.3, and reported revPAR rose 4.3% to £116.3.

The board said revPAR growth was largely the result of "strong increases" in average room rate, particularly in the UK.

"We are pleased to report a solid performance during the quarter, with continued revenue growth and an increase in group revPAR of 4.3%, as we benefited from the recent completion of several major repositioning projects and maturing properties across our portfolio and strong trading in the United Kingdom," said president and chief executive officer Boris Ivesha.

"Following several years of investment and disruption to operations, all hotels across our UK and NL portfolio are now open and contributing to the group's performance.

"Strong trading at Park Plaza Victoria Amsterdam in the Netherlands and Holmes Hotel London demonstrate our investment programme continuing to bear fruit, and we look forward to trading continuing to mature across other recently repositioned hotels in the coming months."

Ivesh said the company expected to invest around £300m on its development pipeline, which included "exciting projects" such as 'art'otel london hoxton' and an art'otel at Hudson Yards in New York City.

"Based on our results to September and our outlook for the remainder of the financial year, the board anticipates the full year results will be in line with its previous expectations."

As at 0930 GMT, shares in PPHE Hotel Group were down 1.09% at 1,820p.

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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 1,145.00p
Change Today 80.00p
% Change 7.51 %
52 Week High 2,140.00
52 Week Low 805.00
Volume 12,694
Shares Issued 42.46m
Market Cap £486.16m
RiskGrade 335

PPH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
52.30% above the market average52.30% above the market average52.30% above the market average52.30% above the market average52.30% above the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Price Trend
50.78% below the market average50.78% below the market average50.78% below the market average50.78% below the market average50.78% below the market average
9.59% above the sector average9.59% above the sector average9.59% above the sector average9.59% above the sector average9.59% above the sector average
Income
39.21% below the market average39.21% below the market average39.21% below the market average39.21% below the market average39.21% 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
19.25% below the market average19.25% below the market average19.25% below the market average19.25% below the market average19.25% below the market average
27.54% above the sector average27.54% above the sector average27.54% above the sector average27.54% above the sector average27.54% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 3
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
  Final Interim
Ex-Div n/a 19-Sep-19
Paid n/a 15-Oct-19
Amount 0.000p 17.00p

Trades for 10-Jul-2020

Time Volume / Share Price
16:35 2,619 @ 1,145.00p
16:29 40 @ 1,140.00p
16:29 20 @ 1,140.00p
16:29 29 @ 1,150.00p
16:29 1 @ 1,145.00p

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