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Article: Rezidor SAS Hospitality Announces 2005 Financial Results.
- Article from:
- PR Newswire
- Article date:
- February 9, 2006
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Improved Financial Performance Follows Robust Growth Strategy; 37 New Hotels Opened
BRUSSELS, Belgium, Feb. 9 /PRNewswire/ -- Today, Rezidor SAS Hospitality, which operates Radisson SAS Hotels & Resorts, Regent International Hotels, Park Inn, Country Inns & Suites and Hotel Missoni in Europe, the Middle East and Africa, announced its results for 2005. The company generated group wide revenue of 587.0 MEUR (approx. $702 million U.S.) as compared to 498.7 MEUR (approx. $596 million U.S.) in 2004; an increase of 17.7 percent. Earnings Before Taxes (EBT) was 31.6 MEUR (approx. $37.8 million U.S.) versus 4.2 MEUR (approx. $5 million U.S.) in 2004. This result ...