Accor 2018 EBITDA In Line With Group's Guidance; LFL Revenue Up 8.8%

Accor (ACRFY.PK, ACRFF.PK) reported that its fiscal 2018 EBITDA increased 14.5% to 712 million euros from last year, or up 8.0% like-for-like, in line with the Group's guidance of between 700 million euros and 720 million euros. The EBITDA margin was roughly stable on a like-for-like basis at 19.7%. The sale of 65% of the capital of AccorInvest and its deconsolidation from Accor' financial statements resulted in a 2.4 billion euros capital gain, bringing net profit, Group share to 2.23 billion euros in 2018.

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