The reinforced net result is positive at 2,238 KE
On May 30, 2022, the Board of Directors of Les Hôtels de Paris met and approved the annual and consolidated financial statements for the financial year ended December 31, 2021. The audit reports relating to the certification are in issue course.
The consolidated accounts show a turnover of 17,759 K, up 34% compared to the financial year ended December 31, 2020 (down 43% compared to the financial year ended December 31, 2019).
Revenue is broken down as follows over the years 2020 and 2021:
The effects of the health crisis have continued to impact all the verticals that make up the tourism industry, in particular the hotel industry. In addition to these consequences, there is a phenomenon of more pronounced impact on the Parisian hotel business which, unlike the regional hotel industry, does not represent a leisure or holiday destination (coastline, mountain, countryside, etc.) .
The third tourist confinement activated from Saturday April 3, 2021 to May 3, 2021 throughout the French metropolis has ended any hope of a resumption of Parisian activity in the first half of 2021.
As the recovery is shaping up, the Omicron variant has impacted the second half of 2021.
The Group’s hotels were able to reopen gradually throughout 2021: nine hotels reopened in the first half of 2021 and the other hotels reopened in the second half of the year, with the exception of one hotel (closed for technical reasons before works).
In the context of the Covid-19 crisis, Les Hôtels de Paris was able to benefit from the following aid:
– 2,186 K of partial activity allowances paid and received in the 2021 financial year;
– 1,800 KE of solidarity funds received in the 2021 financial year, of which 1,600 KE declined in 2021;
– 2,946 KE of aid for fixed costs requested and calculated for the 2021 financial year and collected in March 2022.
The Group’s reinforced current operating income stands at 14,963 KE, an increase of 19,842 KE compared to December 31, 2020.
The disposal of the four assets on December 13, 2021 results in a permit to collect a net amount of €30.2 million (excluding tax impact).
The net result of the consolidated group is thus positive at 2,238 K, or 0.26 euro per share. The company plans to publish the annual financial report by Wednesday, June 8, 2022.