H2 Radnor - PPHE Hotel Group Limited

1 hour ago

Research on PPHE Hotel Group Limited (PPH:LON) from H2 Radnor

PPHE’s Q3 update (July to September) looks reassuring, especially given the backdrop of the Iran conflict and higher taxes in the UK and the Netherlands, with a like-for-like (LFL) revenue increase of 6.3%, after a rise of 8.2% in Q1 and 3.8% in Q2. Q3 LFL figures exclude the Q3 2025 results of Park Plaza Wallstreet Berlin Mitte and all figures mentioned below are LFL. The outlook says that “the demand seen in Q3 has continued into the important Q4 trading period, with demand and forward bookings for the Group’s properties and its meetings and events proposition encouraging” and adds that “notwithstanding the geopolitical volatility and fiscal headwinds, the Board expects to deliver results for the financial year ending 31 December 2026 in line with market expectations”. We have maintained our adjusted EBITDA forecasts of £140.1m for FY26 and £150.1m for FY27. The statement gives a company compiled adjusted EBITDA range for FY26 as £140.0m to £143.4m.

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The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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H2 Radnor - PPHE Hotel Group Limited