NH Hotel Group, S.A. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Provides Earnings Guidance for the Year 2015
November 11, 2015
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NH Hotel Group, S.A. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported EBITDA before onerous of EUR 38.2 million against EUR 30.9 million a year ago. The group reported an increase in revenues of 12.8%, reaching EUR 361.8 million. Total revenues were EUR 347.3 million against EUR 320.6 million a year ago. EBITDA after onerous was EUR 40.6 million against EUR 33.5 million a year ago. EBIT was EUR 17.3 million against EUR 10.7 million a year ago. EBT was EUR 5.6 million against loss of EUR 3.3 million a year ago.
For the nine months, the company reported total revenues were EUR 991.1 million against EUR 934.8 million a year ago. EBITDA before onerous was EUR 93.2 million against EUR 66.7 million a year ago. EBITDA after onerous was EUR 100.9 million against EUR 79.3 million a year ago. EBIT was EUR 32.6 million against EUR 13.9 million a year ago. LBT was EUR 0.8 million against EUR 25.7 million a year ago. Total net cash flow from operating activities was EUR 34.447 million, adjusted profit was EUR 86.709 million, tangible and intangible assets and investment in property was EUR 128.77 million. Net financial debt totaled EUR 840.7 million as of 30 September 2015 (including Hoteles Royal), due to the concentration of payments in the Capex implementation schedule and working capital investments.
For the fiscal year 2015, the company expects revenues remained stable with the previous estimation due to the lower growth in other income resulting. In terms of EBITDA after reversal of onerous provisions, the 25% target including the addition of Hoteles Royal from March, remains unchanged. Excluding the reversal of onerous provisions, the EBITDA increase would reach plus 35%. The expected cash related to CapEx that will be paid for the whole year, without considering acquisitions, is roughly EUR 175 million of CapEx. In terms of RevPar, and after a good performance of third quarter, the estimation for the year remains at the high end of the target up 10%.
NH Hotel Group SA, formerly NH HOTELES, S.A., is a Spain-based company primarily engaged in the hospitality sector. The Companyâs activities are divided into two business segments: Hotels and Real estate. The Hotels division is active in the management and exploitation of hotel chains under the NH Hoteles, NH Collection, Hesperia Resorts and nhow brand names. The Real estate division includes operations related to assets management. Apart from accommodation, the Companyâs services also include gastronomy and organization of banquets. Its hotels are located in Europe, the Americas and Africa. The Company is a parent of the NH Hotels Group, which comprises numerous subsidiaries, such as Nuevos Espacios Hoteleros SA, Latinoamerica de Gestion Hotelera SL and NH Hotel Ciutat De Reus SA.
NH Hotel Group, S.A. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Provides Earnings Guidance for the Year 2015
MINOR HOTELS EUROPE & AMERICAS, S.A. 
