Announcement • Jul 15
Arcos Dorados Holdings Inc. to Report Q2, 2026 Results on Aug 13, 2026 Arcos Dorados Holdings Inc. announced that they will report Q2, 2026 results Pre-Market on Aug 13, 2026 Declared Dividend • Jun 28
Dividend of US$0.07 announced Shareholders will receive a dividend of US$0.07. Ex-date: 21st September 2026 Payment date: 25th September 2026 Dividend yield will be 3.5%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (25% earnings payout ratio) but not covered by cash flows (101% cash payout ratio). The dividend has increased by an average of 14% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next 3 years, which should provide adequate earnings cover for the dividend. Upcoming Dividend • Jun 15
Upcoming dividend of US$0.07 per share Eligible shareholders must have bought the stock before 22 June 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 25% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.9%). Reported Earnings • May 21
First quarter 2026 earnings released: EPS: US$0.17 (vs US$0.066 in 1Q 2025) First quarter 2026 results: EPS: US$0.17 (up from US$0.066 in 1Q 2025). Revenue: US$1.22b (up 13% from 1Q 2025). Net income: US$36.1m (up 159% from 1Q 2025). Profit margin: 3.0% (up from 1.3% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Declared Dividend • May 20
First quarter dividend of US$0.07 announced Shareholders will receive a dividend of US$0.07. Ex-date: 22nd June 2026 Payment date: 26th June 2026 Dividend yield will be 3.3%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but not covered by cash flows (393% cash payout ratio). The dividend has increased by an average of 14% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 23
Arcos Dorados Holdings Inc. to Report Q1, 2026 Results on May 20, 2026 Arcos Dorados Holdings Inc. announced that they will report Q1, 2026 results Pre-Market on May 20, 2026 Announcement • Mar 19
Arcos Dorados Holdings Inc. Approves Cash Dividend for 2026, Payable on April 2, 2026, June 26, 2026, September 25, 2026, and December 29, 2026, Respectively On March 18, 2026, the Board of Directors of Arcos Dorados Holdings Inc. approved a cash dividend for 2026. As such, the Company will pay $0.28 per share to all its Class A and Class B shareholders in four installments of $0.07 per share to be made on April 2, 2026, June 26, 2026, September 25, 2026, and December 29, 2026. The payments will be made to shareholders of record as of March 30, 2026, June 22, 2026, September 21, 2026, and December 23, 2026, respectively. Announcement • Mar 09
Arcos Dorados Holdings Inc., Annual General Meeting, Apr 10, 2026 Arcos Dorados Holdings Inc., Annual General Meeting, Apr 10, 2026. Location: montevideo Uruguay Announcement • Oct 15
Arcos Dorados Holdings Inc. to Report Q3, 2025 Results on Nov 12, 2025 Arcos Dorados Holdings Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 12, 2025 Announcement • Aug 14
Arcos Dorados Holdings Inc. Appoints Francisco Staton as Chief Strategy Officer Arcos Dorados Holdings Inc. announced in July 2025, Mr. Francisco Staton assumed a new management role as Chief Strategy Officer for Arcos Dorados, reporting directly to Mr. Raganato. Mr. Staton is a member of the Company’s Board of Directors and previously held several senior leadership positions within the Company. Announcement • Jul 13
Arcos Dorados Holdings Inc. to Report Q2, 2025 Results on Aug 13, 2025 Arcos Dorados Holdings Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 13, 2025 Announcement • Apr 16
Arcos Dorados Holdings Inc. to Report Q1, 2025 Results on May 14, 2025 Arcos Dorados Holdings Inc. announced that they will report Q1, 2025 results Pre-Market on May 14, 2025 Announcement • Mar 12
Arcos Dorados Holdings Inc. Approves Cash Dividend for 2025, Payable on March 27, 2025, June 27, 2025, September 26, 2025, and December 26, 2025 Respectively On March 11, 2025, the Board of Directors of Arcos Dorados Holdings Inc. approved a cash dividend for 2025. As such, the Company will pay $0.24 per share to all Class A and Class B shareholders of the Company in four installments of $0.06 per share to be made on March 27, 2025, June 27, 2025, September 26, 2025, and December 26, 2025. The payments will be made to shareholders of record as of March 24, 2025, June 24, 2025, September 23, 2025, and December 22, 2025, respectively. Announcement • Mar 10
Arcos Dorados Holdings Inc., Annual General Meeting, Apr 25, 2025 Arcos Dorados Holdings Inc., Annual General Meeting, Apr 25, 2025. Location: willemstad, British Virgin Islands Announcement • Feb 13
Arcos Dorados Holdings Inc. to Report Q4, 2024 Results on Mar 12, 2025 Arcos Dorados Holdings Inc. announced that they will report Q4, 2024 results Pre-Market on Mar 12, 2025 Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: US$0.17 (vs US$0.28 in 3Q 2023) Third quarter 2024 results: EPS: US$0.17 (down from US$0.28 in 3Q 2023). Revenue: US$1.13b (flat on 3Q 2023). Net income: US$35.2m (down 41% from 3Q 2023). Profit margin: 3.1% (down from 5.3% in 3Q 2023). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Oct 30
Now 23% overvalued Over the last 90 days, the stock has fallen 4.6% to €8.49. The fair value is estimated to be €6.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Announcement • Oct 14
Arcos Dorados Holdings Inc. to Report Q3, 2024 Results on Nov 13, 2024 Arcos Dorados Holdings Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 13, 2024 Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €8.93, the stock trades at a forward P/E ratio of 13x. Average trailing P/E is 13x in the Hospitality industry in Germany. Total returns to shareholders of 119% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.93 per share. Buy Or Sell Opportunity • Sep 28
Now 24% overvalued Over the last 90 days, the stock has fallen 9.7% to €7.64. The fair value is estimated to be €6.16, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Declared Dividend • Sep 25
Dividend of US$0.06 announced Shareholders will receive a dividend of US$0.06. Ex-date: 23rd December 2024 Payment date: 27th December 2024 Dividend yield will be 3.0%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Upcoming Dividend • Sep 17
Upcoming dividend of US$0.06 per share Eligible shareholders must have bought the stock before 24 September 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (1.6%). Buy Or Sell Opportunity • Aug 27
Now 23% overvalued Over the last 90 days, the stock has fallen 11% to €8.11. The fair value is estimated to be €6.61, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: US$0.13 (vs US$0.14 in 2Q 2023) Second quarter 2024 results: EPS: US$0.13 (down from US$0.14 in 2Q 2023). Revenue: US$1.11b (up 6.8% from 2Q 2023). Net income: US$26.6m (down 6.1% from 2Q 2023). Profit margin: 2.4% (down from 2.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • Jul 16
Arcos Dorados Holdings Inc. to Report Q2, 2024 Results on Aug 14, 2024 Arcos Dorados Holdings Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 14, 2024 Declared Dividend • Jun 26
Dividend of US$0.06 announced Shareholders will receive a dividend of US$0.06. Ex-date: 24th September 2024 Payment date: 27th September 2024 Dividend yield will be 2.5%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (29% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Upcoming Dividend • Jun 18
Upcoming dividend of US$0.06 per share Eligible shareholders must have bought the stock before 25 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.7%). New Risk • May 19
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks High level of debt (119% net debt to equity). Paying a dividend despite having no free cash flows. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: US$0.14 (vs US$0.18 in 1Q 2023) First quarter 2024 results: EPS: US$0.14 (down from US$0.18 in 1Q 2023). Revenue: US$1.08b (up 9.1% from 1Q 2023). Net income: US$28.5m (down 24% from 1Q 2023). Profit margin: 2.6% (down from 3.8% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Announcement • Apr 19
Arcos Dorados Holdings Inc. to Report Q1, 2024 Results on May 15, 2024 Arcos Dorados Holdings Inc. announced that they will report Q1, 2024 results on May 15, 2024 Declared Dividend • Mar 23
Dividend of US$0.06 announced Shareholders will receive a dividend of US$0.06. Ex-date: 25th June 2024 Payment date: 28th June 2024 Dividend yield will be 2.0%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (22% earnings payout ratio) but not covered by cash flows (231% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Declared Dividend • Mar 15
Fourth quarter dividend of US$0.06 announced Shareholders will receive a dividend of US$0.06. Ex-date: 22nd March 2024 Payment date: 28th March 2024 Dividend yield will be 1.8%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (22% earnings payout ratio) but not covered by cash flows (231% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 13
Full year 2023 earnings released: EPS: US$0.86 (vs US$0.67 in FY 2022) Full year 2023 results: EPS: US$0.86 (up from US$0.67 in FY 2022). Revenue: US$4.33b (up 20% from FY 2022). Net income: US$181.3m (up 29% from FY 2022). Profit margin: 4.2% (up from 3.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Announcement • Mar 09
Arcos Dorados Holdings Inc., Annual General Meeting, Apr 26, 2024 Arcos Dorados Holdings Inc., Annual General Meeting, Apr 26, 2024, at 15:00 US Eastern Standard Time. Location: Cartagena Cartagena Colombia Announcement • Feb 20
Arcos Dorados Holdings Inc. to Report Q4, 2023 Results on Mar 13, 2024 Arcos Dorados Holdings Inc. announced that they will report Q4, 2023 results Pre-Market on Mar 13, 2024 Upcoming Dividend • Dec 14
Upcoming dividend of US$0.04 per share at 1.5% yield Eligible shareholders must have bought the stock before 21 December 2023. Payment date: 27 December 2023. Payout ratio is a comfortable 22% but the company is paying out more than the cash it is generating. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (2.7%). Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: US$0.28 (vs US$0.22 in 3Q 2022) Third quarter 2023 results: EPS: US$0.28 (up from US$0.22 in 3Q 2022). Revenue: US$1.13b (up 22% from 3Q 2022). Net income: US$59.7m (up 27% from 3Q 2022). Profit margin: 5.3% (up from 5.1% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Announcement • Oct 17
Arcos Dorados Holdings Inc. to Report Q3, 2023 Results on Nov 16, 2023 Arcos Dorados Holdings Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 16, 2023 Upcoming Dividend • Sep 15
Upcoming dividend of US$0.05 per share at 1.8% yield Eligible shareholders must have bought the stock before 22 September 2023. Payment date: 28 September 2023. Payout ratio is a comfortable 24% and the cash payout ratio is 98%. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (2.5%). Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: US$0.14 (vs US$0.069 in 2Q 2022) Second quarter 2023 results: EPS: US$0.14 (up from US$0.069 in 2Q 2022). Revenue: US$1.04b (up 17% from 2Q 2022). Net income: US$28.4m (up 96% from 2Q 2022). Profit margin: 2.7% (up from 1.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Announcement • Jul 18
Arcos Dorados Holdings Inc. to Report Q2, 2023 Results on Aug 17, 2023 Arcos Dorados Holdings Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 17, 2023 Upcoming Dividend • Jun 15
Upcoming dividend of US$0.05 per share at 2.1% yield Eligible shareholders must have bought the stock before 22 June 2023. Payment date: 28 June 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (2.2%). Reported Earnings • May 18
First quarter 2023 earnings released: EPS: US$0.18 (vs US$0.12 in 1Q 2022) First quarter 2023 results: EPS: US$0.18 (up from US$0.12 in 1Q 2022). Revenue: US$990.8m (up 25% from 1Q 2022). Net income: US$37.4m (up 53% from 1Q 2022). Profit margin: 3.8% (up from 3.1% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 17
Full year 2022 earnings released: EPS: US$0.67 (vs US$0.22 in FY 2021) Full year 2022 results: EPS: US$0.67 (up from US$0.22 in FY 2021). Revenue: US$3.62b (up 36% from FY 2021). Net income: US$140.3m (up 209% from FY 2021). Profit margin: 3.9% (up from 1.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 15
Upcoming dividend of US$0.03 per share Eligible shareholders must have bought the stock before 22 December 2022. Payment date: 30 December 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (2.1%). Reported Earnings • Nov 17
Third quarter 2022 earnings released: EPS: US$0.22 (vs US$0.12 in 3Q 2021) Third quarter 2022 results: EPS: US$0.22 (up from US$0.12 in 3Q 2021). Revenue: US$921.7m (up 27% from 3Q 2021). Net income: US$46.9m (up 90% from 3Q 2021). Profit margin: 5.1% (up from 3.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 7 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Cristina Presz De Luca was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Sep 16
Upcoming dividend of US$0.04 per share Eligible shareholders must have bought the stock before 23 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (1.9%). Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: US$0.069 (vs US$0.023 in 2Q 2021) Second quarter 2022 results: EPS: US$0.069 (up from US$0.023 in 2Q 2021). Revenue: US$887.9m (up 50% from 2Q 2021). Net income: US$14.5m (up 194% from 2Q 2021). Profit margin: 1.6% (up from 0.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.9%, compared to a 695% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 17
Upcoming dividend of US$0.04 per share Eligible shareholders must have bought the stock before 24 June 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.5%). In line with average of industry peers (2.0%). Board Change • Jun 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Cristina Presz De Luca was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$0.21 (up from US$0.72 loss in FY 2020). Revenue: US$2.66b (up 34% from FY 2020). Net income: US$45.5m (up US$194.9m from FY 2020). Profit margin: 1.7% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 9.5%, compared to a 108% growth forecast for the restaurants industry in Germany. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improved over the past week After last week's 16% share price gain to €5.65, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 17x in the Hospitality industry in Europe. Total loss to shareholders of 22% over the past three years. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS US$0.12 (vs US$0.14 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$725.8m (up 56% from 3Q 2020). Net income: US$24.7m (up US$54.3m from 3Q 2020). Profit margin: 3.4% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 12
Second quarter 2021 earnings released: EPS US$0.023 (vs US$0.43 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$592.7m (up 103% from 2Q 2020). Net income: US$4.93m (up US$94.5m from 2Q 2020). Profit margin: 0.8% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Reported Earnings • May 15
First quarter 2021 earnings released: US$0.14 loss per share (vs US$0.25 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: US$561.1m (down 9.1% from 1Q 2020). Net loss: US$29.7m (loss narrowed 43% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Executive Departure • May 11
Independent Director has left the company On the 28th of April, Jorge Gutierrez Munoz's tenure as Independent Director ended after 4.8 years in the role. We don't have any record of a personal shareholding under Jorge's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Mar 20
Full year 2020 earnings released: US$0.73 loss per share (vs US$0.39 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$1.98b (down 33% from FY 2019). Net loss: US$149.5m (down 287% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 97% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 25
New 90-day high: €4.68 The company is up 19% from its price of €3.92 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.38 per share. Is New 90 Day High Low • Jan 21
New 90-day high: €4.38 The company is up 28% from its price of €3.42 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.31 per share. Is New 90 Day High Low • Dec 01
New 90-day high: €4.02 The company is up 9.0% from its price of €3.68 on 02 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Hospitality industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.34 per share. Analyst Estimate Surprise Post Earnings • Nov 12
Revenue beats expectations Revenue exceeded analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 7.0% compared to a 3.2% decline forecast for the Hospitality industry in Germany. Reported Earnings • Nov 12
Third quarter 2020 earnings released: US$0.14 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: US$466.8m (down 38% from 3Q 2019). Net loss: US$29.6m (down 222% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 78% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. 
