MEXICO CITY, April 20, 2017 (GLOBE NEWSWIRE) -- Grupo Hotelero Santa Fe S.A.B. de C.V. (BMV:HOTEL) (“HOTEL” or “the Company”), announced its consolidated results for the first quarter (“1Q17”) ended March 31, 2017. Figures are expressed in Mexican Pesos, are unaudited and are in accordance with International Financial Reporting Standards (“IFRS”) and may vary due to rounding.
Highlights
First Quarter | 3 months ended March | |||||||||||
Figures in thousand Mexican Pesos | 2017 | 2016 | % Var. | 2017 | 2016 | % Var. | ||||||
Total Revenue | 387,041 | 322,151 | 20.1 | 387,041 | 322,151 | 20.1 | ||||||
EBITDA | 150,646 | 129,276 | 16.5 | 150,646 | 129,276 | 16.5 | ||||||
EBITDA Margin | 38.9% | 40.1% | (1.2 pt) | 38.9% | 40.1% | (1.2 pt) | ||||||
Operating Income | 110,336 | 98,829 | 11.6 | 110,336 | 98,829 | 11.6 | ||||||
Net Income | 184,926 | 70,391 | 162.7 | 184,926 | 70,391 | 162.7 | ||||||
Net Income Margin | 47.8% | 21.9% | 25.9 pt | 47.8% | 21.9% | 25.9 pt | ||||||
Operating Cashflow | 157,933 | 115,217 | 37.1 | 157,933 | 115,217 | 37.1 | ||||||
Occupancy | 70.3% | 70.5% | (0.2 pt) | 70.3% | 70.5% | (0.2 pt) | ||||||
ADR | 1,493 | 1,398 | 6.8 | 1,493 | 1,398 | 6.8 | ||||||
RevPAR | 1,049 | 986 | 6.5 | 1,049 | 986 | 6.5 | ||||||
Note: operating figures belong to owned hotels. | ||||||||||||
1Q17 Conference Call Details: | |
HOTEL will host its earnings webcast (audio + presentation) to discuss results: | |
Date: | Friday, April 21, 2017 |
Time: | 12:00 p.m. Mexico City Time |
1:00 p.m. New York Time | |
To participate in the conference call and Q&A session please dial: | |
Telephone: | U.S.: 1 800 863 3908 |
International +1 334 323 7224 | |
Mexico: 01 800 847 7666 | |
Conference password: HOTEL 000 | |
Webcast: | The webcast will be in English. To follow the Power Point presentation and the audio of the call, please |
visit our website www.gsf-hotels.com/investors | |
About Grupo Hotelero Santa Fe
HOTEL is a leading company in the Mexican hotel industry, centered on acquiring, converting, developing and operating its own hotels as well as third party-owned hotels. The Company focuses on strategic hotel location and quality, a unique hotel management model, strict expense control and the proprietary Krystal® brand as well as other international brands. As of year-end 2016, the Company employed over 2,800 people at 23 hotels in Mexico and generated revenues of Ps. 1,221 million. For more information, please visit www.gsf-hotels.com
____________________________________
1 EBITDA is calculated by adding Operating Income, Depreciation and Total Non-recurring expenses.
2 Revenue per Available Room (“RevPAR”) and Average Daily Rate (“ADR”).