8 March 2012 – final results

Results for PPHE Hotel Group (formerly Park Plaza) have been released.  Revenue was up 44% at €202.4m (2010: €139.8m).  Normalised profit before tax more than doubled to €13.6m (2010: €6.1m).  The company looks set to make further progress this year and factors such as the London Olympics will be benficial.  A final dividend of 6.0p per share has been declared (2010: nil), showing confidence in prospects moving forward.  With a market capitalisation of just under £100m, there is plenty of scope for capital growth and we rate the shares as a BUY.