Les Hotels Baverez SA (FR:ALLHB) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Les Hotels Baverez SA reported a slight increase in revenue for the third quarter of 2024, with total earnings reaching €33.6 million, a 1.54% rise compared to the previous year. Despite challenges from partial closures and weather impacts earlier in the year, occupancy rates and average room prices improved slightly. However, the net result fell by 28.55% due to increased operating expenses and amortizations related to ongoing renovations.
For further insights into FR:ALLHB stock, check out TipRanks’ Stock Analysis page.