Les Hotels Baverez SA (FR:ALLHB) has released an update.
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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.
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