NH HOTEL GROUP REPORTS NET PROFIT OF EUR100 MILLION, UNDERPINNED BY BUSINESS GROWTH, ENHANCED EFFICIENCY, DELEVERAGING AND THE ASSET ROTATION STRATEGY
(WorldNews Spain)

-9M18 results*- Group revenue increased by 3.6% (+5.5% in constant currency terms) to EUR1.2 billion, driven by business momentum in Europe, which more than offset the impacts of adverse currency evolution in Latin America and the hotels under refurbishment in 2018 Outperformance relative to its competitors in the main destinations where the Group operates fuelled growth in revenue per available room (RevPAR) of 2.0%, shaped mainly by growth in the ADR of 1.5% The effective combination of revenue growth and cost control drove EBITDA(1) to EUR187 million, up EUR17 million from the first nine months of 2017, implying a revenue growth-to-EBITDA(1) conversion ratio of 41% The reduction in interest...