Accor First Half 2024 Earnings: EPS: €0.90 (vs €0.81 in 1H 2023)

Accor (EPA:AC) First Half 2024 Results

Key Financial Results

• Revenue: €2.68b (up 11% from 1H 2023).
• Net income: €222.0m (up 4.2% from 1H 2023).
• Profit margin: 8.3% (down from 8.9% in 1H 2023). The decrease in margin was driven by higher expenses.
• EPS: €0.90 (up from €0.81 in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Accor Earnings Insights

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Hospitality industry in France.

Performance of the French Hospitality industry.

The company's shares are down 5.1% from a week ago.

Valuation

Following the latest earnings results, Accor may be undervalued based on 6 different valuation benchmarks we assess. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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