Accor Q2 sales in line as upscale/midscale ops offset forex impact on US economy |
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Tue, 17 Jul 2007 17:16
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PARIS (Thomson Financial) - Accor said second quarter sales were 2.13 bln eur, up from 1.96 bln in the year-earlier period, a little ahead of consensus, as strong growth in upscale and midscale hotel revenues offset the weak dollar's impact on the US economy business.According to a consensus of analysts' estimates compiled by Thomson Financial, sales in the period had been seen at 2.091 bln eur, up from a year earlier.In a statement, Accor said trading in the first half 'confirmed the uptrend in the hotels business in Europe and saw sustained organic growth in services, in line with the group's target of 8-16 pct a year.'tfn.paris@thomson.commrg/slmCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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