EZH.L Share News (EZH)

EZH.L Information

There is currently no data for EZH

EasyHotel revenues up 60% in Q1 but warns on margins

Mon, 21st Jan 2019 11:16

(Sharecast News) - EasyHotel posted a rise in first-quarter revenue on Monday but warned that 2019 will be more difficult than the previous year and margins will take a hit.First-quarter revenue was up 60% with total system sales up 31%. Meanwhile, owned hotels like-for-like revenue per available room was 11.2% higher, outperforming the competition by 5.2%.However, the company cautioned that 2019 will be "more challenging" than the year before and said it has decided to continue to drive revenue growth and brand recognition at the expense of gross margin.EasyHotel said its franchised hotels performed particularly well across the UK. However, results across the wider European market were more varied, and its hotels in Holland performed less strongly than they had in 2018.Hotels opened in the final quarter of last year are trading well and exceeding the company's occupancy targets.Chief executive officer Guy Parsons said: "Whilst we are not immune from the ongoing political and economic challenges and their impact on the hotel sector, our robust business model means that we have continued to outperform our markets in the period."These current uncertainties are presenting us with opportunities, which might not otherwise be possible, to acquire sites on good terms in central locations in our core target cities, such as Dublin, Bristol and Paris Charles de Gaulle."Well publicised uncertainties and frequent regulatory delays can postpone completion of our hotels and how quickly they reach maturity. However, we are making good progress with our strategic priorities and are confident that the appeal of EasyHotel's super budget brand will deliver long-term growth." At 1115 GMT, the shares were down 3.5% to 84p.

More News

29 Oct 2018 11:04

easyHotel Buys Site In Bristol, Secures Planning Permission In Oxford

LONDON (Alliance News) - easyHotel PLC on Monday said it bought a site in Bristol, England, to develop a 145-bedroom freehold hotel, subject to planning permission.The budget hotel said the

8 Oct 2018 08:57

EasyHotel targets continental expansion as sales and revenue grow

(Sharecast News) - After an "excellent" performance from newly opened hotels, EasyHotel reported improved room revenue and sales for the year ended 30 September on Monday.

1 Oct 2018 16:04

UK Earnings, Trading Statements Calendar - Next 7 Days

Tuesday 2 October FergusonFull Year Results SCS GroupFull Year Bars Year Gifford 3 4

24 Sep 2018 13:26

EasyHotel opens five new sites, agrees to buy Blackpool site

(Sharecast News) - EasyHotel announced on Monday that it has opened five new sites and conditionally acquired a 999-year lease on a site in Blackpool.

10 Sep 2018 17:44

DIRECTOR DEALINGS: EasyHotel Non-Exec Chairman Lane's Wife Buys Shares

LONDON (Alliance News) - easyHotel on Monday said Kerry Lane, a person closely associated with Non-Executive Chairman Jonathan Lane, purchased shares in the company.Lane bought 50,000 at a

13 Aug 2018 09:22

EasyHotel makes Gary Burton CFO as Vieilledent becomes development director

(Sharecast News) - EasyHotel said on Monday that Gary Burton will become chief financial officer with effect from 29 October, as current CFO Marc Vieilledent steps into the role of group development director.

9 Aug 2018 11:26

Planning Permission Granted For easyHotel's Cardiff Development

LONDON (Alliance News) - Budget hotel developer easyHotel PLC said Thursday it has been given planning permission to build a 120-bedroom hotel at its freehold site in Cardiff.The company of

16 May 2018 16:29

UK Earnings, Trading Statements Calendar - Next 7 Days

Thursday 17 May British LandFull Year Results3i GroupFull Year GridFull Year 18

23 Jan 2017 09:53

easyHotel Trading In Line With UK, Europe Hotel Market Improvement

23 Jan 2017 07:56

EasyHotel in line with expectations with a pipeline of new hotels

(ShareCast News) - EasyHotel is trading in line with expectations as the market improved in the last two months of 2016, while the budget hotel operator plans to open further hotels during 2017. The AIM-listed company said for the year ended 30 September the company had made "good progress" and is i

3 Jan 2017 17:39

DIRECTOR DEALINGS: easyHotel Chief Executive Parsons Buys Shares

20 Dec 2016 12:07

easyHotel Buys Leasehold For Sheffield Site To Develop New Hotel

20 Dec 2016 11:48

EasyHotel buys long leasehold site in Sheffield city centre

(ShareCast News) - EasyHotel has conditionally acquired the 999-year leasehold of part of the building at 57-65 High Street in the heart of Sheffield's city centre for the development of a new hotel, subject to planning permission. The building, previously occupied by Primark, is to be developed int

29 Nov 2016 09:22

EasyHotel profit and revenue rise in full year

(ShareCast News) - EasyHotel posted a jump in full-year profit and revenue for the year to the end of September, as it accelerates its development pipeline, with 1,527 rooms now in development. Pre-tax profit rose 38.4% to £1.09m on total revenue of £6.02m, up 8.7% from the year before. Total syste

22 Nov 2016 16:20

Latest Share Chat

EZH.L Share News (EZH)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EasyHotel revenues up 60% in Q1 but warns on margins

Login to your account

Quickpicks are a member only feature

Login to your account