UPDATE 2-AccorHotels expects higher 2015 profit, but France, Brazil lag

jueves 30 de julio de 2015 06:56 GYT
 

* 2nd-qtr EBIT 263 mln euros vs poll 262 mln euros

* Eyes 2015 EBIT of 650-680 mln euros vs poll 688 mln

* Brazil, France remain challenging markets

* CEO has "true ambition" to expand in Iran market (Adds CEO comments from call, share reaction)

By Dominique Vidalon

PARIS, July 30 (Reuters) - AccorHotels's expects its operating profit to rise this year as Europe's largest hotel group benefits from an economic recovery in the region and its restructuring efforts, it said on Thursday.

But it cautioned that its main markets of France and Brazil would remain challenging and its 2015 outlook for earnings before interest and tax (EBIT) lagged market expectations, driving its shares down 3 percent.

"During the coming months, the group expects a continuation of the trends observed during the first half, with sustained growth in most markets, a more mixed environment in France, and a challenging situation in Brazil," Chief Executive Sebastien Bazin said.

AccorHotels, which competes with InterContinental, Marriott and Starwood, is undergoing a reorganisation started by Bazin.   Continuación...