PPHE Hotel Group Ltd (PPH)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

1,960.00p
   
  • Change Today:
      10.00p
  • 52 Week High: 1,990.00
  • 52 Week Low: 1,630.00
  • Currency: UK Pounds
  • Shares Issued: 42.46m
  • Volume: 3,732
  • Market Cap: £832.20m
  • RiskGrade: 101

Revenues surge at Park Plaza after hotel openings

By Benjamin Chiou

Date: Thursday 21 Apr 2011

LONDON (ShareCast) - Higher room rates and new lodgings saw hotel group Park Plaza grow revenue by 74.1% in 2010, exceeding the board’s expectations after a slow start the year which was hampered by heavy snow and volcano-related travel disruption.

Revenue for the year ended 31 December surged to €139.8m, from €80.3m, as the group benefited from first time contributions from five new hotels.

Park Plaza saw 1,579 rooms added to its portfolio last year, mainly attributable to the opening of its flagship hotel at Westminster Bridge, London, which offers 1,019 rooms.

The average room rate increased to €110, from €97.80 in 2010, while occupancy fell to 76.4%, from 79.1%. However, this was due to the addition of the new hotels, the group said.

Pre-tax profit was €60.5m, significantly up from a loss of €7.2m, relating mainly to gains arising from the “application of IFRS accounting following the group obtaining 100% control of previously jointly-owned entities amounting to €50.8m”.

"I am pleased to report that 2010 was an active and exciting year for Park Plaza, with a number of projects in the form of acquisitions and property developments that the group had planned over a number of years, coming to fruition,” said president and chief executive office Boris Ivesha.

Earnings per share grew to €1.50, from a loss of €0.20.

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bc

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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 1,960.00p
Change Today 10.00p
% Change 0.51 %
52 Week High 1,990.00
52 Week Low 1,630.00
Volume 3,732
Shares Issued 42.46m
Market Cap £832.20m
RiskGrade 101

PPH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
86.6% below the market average86.6% below the market average86.6% below the market average86.6% below the market average86.6% below the market average
71.01% below the sector average71.01% below the sector average71.01% below the sector average71.01% below the sector average71.01% below the sector average
Price Trend
58.27% above the market average58.27% above the market average58.27% above the market average58.27% above the market average58.27% above the market average
58.33% above the sector average58.33% above the sector average58.33% above the sector average58.33% above the sector average58.33% above the sector average
Income
59.07% below the market average59.07% below the market average59.07% below the market average59.07% below the market average59.07% 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
20.60% above the market average20.60% above the market average20.60% above the market average20.60% above the market average20.60% 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 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 17-Jan-2020

Time Volume / Share Price
16:35 249 @ 1,960.00p
16:35 500 @ 1,960.00p
16:35 1,584 @ 1,960.00p
16:29 1 @ 1,960.00p
16:29 1 @ 1,960.00p

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