Edition:
United Kingdom

Melia Hotels Q1 Net Profit Up 18.9 Pct At 22.1 Mln Euros YoY


Tuesday, 8 May 2018 

May 8 (Reuters) - MELIA HOTELS INTERNATIONAL SA ::Q1 NET PROFIT 22.1 MILLION EUROS VERSUS 18.6 MILLION EUROS YEAR AGO.Q1 EBITDA 65.1 MILLION EUROS VERSUS 65.8 MILLION EUROS YEAR AGO.Q1 REVENUE 401.1 MILLION EUROS VERSUS 409.4 MILLION EUROS YEAR AGO.REVPAR 'OWNED LEASED AND MANAGED' 68.8 EUROS AT END-MARCH, DOWN 8.8 PERCENT YOY.SEES EVOLUTION OF THE USD/EUR EXCHANGE RATE TO HAVE NEGATIVE IMPACT IN Q2 FIGURES IN EUR.AT CONSTANT CURRENCY BASIS, SEES A REVPAR INCREASE OF A MID SINGLE DIGIT FOR THE UPCOMING MONTHS.CONTINUES TO FORESEE IMPROVEMENT IN MARGINS FOR THE YEAR.