EBITDA up 14.5% to €712 million (+8.0% L/L) - Recurring free cash flow of €529 million - Net profit, Group share of €2,233 million - 588 hotels and 100,000 rooms developed
Full-year 2018 EBITDA target between €700 million and €720 million
Business volumes of €8.9 billion, up 10.3% at constant exchange rates
Consolidated first-quarter 2018 revenue totaled €633 million, up 0.6% as reported and 9.5% like-for-like.
HotelServices reported business volume of €17.9 billion, up 19% and revenue of €1,746 million, up 14.6% as reported and 5.1% like-for-like.
Full-year 2017 EBIT expected at the upper end of the €460m to €480m target range
EBIT up 23.8% to €263 million (+8.0% LfL) Net profit up 68% to €91 million