Accor SA (XPAR:AC)

€ 41.33 -0.38 (-0.91%) Market Cap: 10.02 Bil Enterprise Value: 12.10 Bil PE Ratio: 18.62 PB Ratio: 2.11 GF Score: 90/100

Half Year 2023 Accor SA Earnings Call Transcript

Jul 27, 2023 / 06:30AM GMT

Release Date Price: €33.73 (+1.05%)

Transcript

Operator

Thank you for standing by. My name is Ellie and I will be your conference operator for today. At this time, I would like to welcome you to the Accor 2023 Half-Year Results Conference Call. (Operator Instructions) I'd now like to hand you over to Martine Gerow, Group CFO. Martine, you may now start the session.

Martine Gerow

Accor SA - Group CFO & Member of Management Board

Thank you, and good morning, ladies and gentlemen. Thank you for joining us on this call, which is my first earnings call as the CFO for Accor. So let's just dive right into the presentation for our first half results. And we'll start with the financials on Slide 3 of the presentation.

So we are very pleased with the performance in the first half. We've seen continued solid growth momentum and strong earnings and cash flows. Our RevPAR is up a very healthy 38% versus prior year, and that's on a like-for-like basis in the first half and 25% in the second quarter, which is also very solid and as compared to 2019, we actually saw an acceleration of the growth in the second quarter.

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