PPHE Hotel Group Ltd (PPH)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

1,325.00p
   
  • Change Today:
      10.00p
  • 52 Week High: 1,495.00
  • 52 Week Low: 1,130.00
  • Currency: UK Pounds
  • Shares Issued: 41.79m
  • Volume: 24,829
  • Market Cap: £553.71m
  • RiskGrade: 183
  • Beta: 0.56

PPHE profits up despite art'hotel delays

By Frank Prenesti

Date: Thursday 29 Aug 2024

LONDON (ShareCast) - (Sharecast News) - Hotels group PPHE posted a jump in half-yearly profits and held guidance despite supply chain issues holding up full openings of new art'hotel properties in London and Rome.


Earnings before interest, taxes, depreciation, and amortisation for the six months to June rose 6.7% to £48.3m as revenue hit a record £191m, up 6.1%. However, revenue per available room - a key industry metric - fell 2.2% to £107.8 as prices normalised after the Covid pandemic.

PPHE said soft openings at the art'otel Hoxton and Rome Piazza Sallustio properties "have been very well received by guests" and it still expected these properties to be meaningful contributors of at least £25m from next year.

Average room rates softened 4.4% on a like-for-like basis due to the market mix stabilising from the largely leisure driven performance of 2023, it added.

"While demand for leisure travel remained the most dominant business theme, as anticipated, the rate growth normalised in the first half of 2024, as leisure room rates moderated, and other market segments continued to increase," the company said.

"Corporate travel globally remained somewhat subdued but showed signs of building back towards pre-2019 levels. Nevertheless, forward booking momentum across all segments and geographies continued to be encouraging, with meetings and events performing particularly well, supporting longer-term forecasting."

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PPH Market Data

Currency UK Pounds
Share Price 1,325.00p
Change Today 10.00p
% Change 0.76 %
52 Week High 1,495.00
52 Week Low 1,130.00
Volume 24,829
Shares Issued 41.79m
Market Cap £553.71m
Beta 0.56
RiskGrade 183

PPH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
57.31% below the market average57.31% below the market average57.31% below the market average57.31% below the market average57.31% below the market average
21.57% below the sector average21.57% below the sector average21.57% below the sector average21.57% below the sector average21.57% below the sector average
Price Trend
30.92% above the market average30.92% above the market average30.92% above the market average30.92% above the market average30.92% above the market average
1.89% above the sector average1.89% above the sector average1.89% above the sector average1.89% above the sector average1.89% above the sector average
Income
10.57% below the market average10.57% below the market average10.57% below the market average10.57% below the market average10.57% below the market average
36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average
Growth
96.20% above the market average96.20% above the market average96.20% above the market average96.20% above the market average96.20% above the market average
95.92% above the sector average95.92% above the sector average95.92% above the sector average95.92% above the sector average95.92% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PPH Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Sep-24 25-Apr-24
Paid 15-Oct-24 31-May-24
Amount 17.00p 20.00p

Trades for 06-Dec-2024

Time Volume / Share Price
16:35 6,089 @ 1,325.00p
16:35 179 @ 1,325.00p
16:35 22 @ 1,325.00p
16:35 116 @ 1,325.00p
16:35 58 @ 1,325.00p

PPH Key Personnel

CFO Daniel Kos

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