Analyst Research Report Snapshot

Title:

PPHE (PPH.L) Trading well, investing for the future

Price:

$46.00

Provider:

Hardman & Company

Date:

20 Mar 2014

Pages:

5

Type:

AcrobatPDF

Companies referenced:

PPH.L

Available for Immediate Download
Summary:

PPHE, the owner and operator of Park Plaza hotels in Europe, delivered a strong performance in FY13. Full year like for like revenues were +2.4% (up from 2.2% 1H13). Overall results were a fraction better than our forecasts and given the positive trends we are raising our FY14 EBITDA estimate from €82m to €85m.

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