PPHE Hotel Group Ltd (PPH)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

1,780.00p
   
  • Change Today:
      10.00p
  • 52 Week High: 1,990.00
  • 52 Week Low: 1,525.00
  • Currency: UK Pounds
  • Shares Issued: 42.40m
  • Volume: 11,809
  • Market Cap: £754.69m
  • RiskGrade: 106

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 1,780.00p
Change Today 10.00p
% Change 0.57 %
52 Week High 1,990.00
52 Week Low 1,525.00
Volume 11,809
Shares Issued 42.40m
Market Cap £754.69m
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 13-Sep-2019

Time Volume / Share Price
16:35 3,787 @ 1,780.00p
16:29 6 @ 1,760.00p
16:29 5 @ 1,760.00p
16:28 15 @ 1,760.00p
16:28 5 @ 1,760.00p

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