Les Hotels Baverez SA (FR:ALLHB) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Les Hotels Baverez SA reported a decline in turnover to €19.3 million and an overall occupancy rate of 66.89% for the first half of 2024, marking a decrease from the previous year’s figures. The company also experienced a drop in operating profit to €428K and highlighted a positive cash position of €21.8 million. Renovation works and a moderate average pricing strategy were noted amid a post-Covid recovery phase.
For further insights into FR:ALLHB stock, check out TipRanks’ Stock Analysis page.