Half Year 2025 Accor SA Earnings Call Transcript
Key Points
- Accor SA (ACCYY) reported solid growth in the first half of 2025, with recurring EBITDA up 13.5% at constant currency, surpassing mid-term guidance.
- The company's pipeline grew at a healthy rate of 10.7%, supporting acceleration in openings and net unit growth expected in the second half.
- Accor SA (ACCYY) maintained a strong shareholder return policy, returning $3,500 million to shareholders through dividends and share buybacks in the first half.
- The loyalty program continues to strengthen, with significant growth in membership and partnerships, contributing positively to profits.
- Luxury and lifestyle segments showed robust performance, with RevPAR growth driven by both pricing and occupancy, particularly in resorts in Turkey, Egypt, and the UAE.
- Foreign exchange headwinds negatively impacted reported results, with a $21 million cost due to currency fluctuations.
- RevPAR growth in the UK and Germany remained weak, reflecting a depressed economic environment and unfavorable comparisons.
- China's performance continued to weigh on the region, with high single-digit negative RevPAR growth.
- The second half of 2025 is expected to be softer due to the impact of the Olympics and a challenging comparison base.
- Services to owners' profitability is expected to be flat to slightly up for the year, reflecting cautiousness in marketing spend and phasing.
Good morning ladies and gentlemen, and welcome to the Accor H1 2025 results conference call. (Operator Instructions) I will now hand over to Sebastian Bazin, Chairman and CEO of Acor. Please go ahead, sir.
Well, thank you. Welcome everyone on this H1 2025. Release, I'm here with Martin Gerow and, I'm going to leave the floor very quickly now to Martin and then I'll get back to you, for the conclusions and for Q&A, of course. Martin, up to you.
Thank you, Sebastian. And good morning, everyone. So I'll start with the financial highlights on slide 3. And I'm pleased to report that we've delivered another quarter and a semester of solid growth, despite multiple headwinds, both from geopolitics, but also, foreign exchange.
Second quarter revPAR like for like remains solid at plus for 1% and it's driven
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
