Accor S.A. Announces Sales Results for the Fourth Quarter and Full Year of 2013; Revises Earnings Guidance for the Year 2013
For the year, the company announced sales grew by 2.7% like-for-like throughout the year. The company's gross revenue rose by 2.8% to EUR 11.5 billion, despite the negative currency effect particularly in the second half. Reported revenue totaled EUR 5,536 million, down 2.0%.
The company announced that in light of this environment and of the cost-saving policy effects which were particularly significant in the fourth quarter, Accor has revised its EBIT target upwards, to around EUR 530 million versus the EUR 510-530 million target announced previously.