Παρασκευή, 7 Αυγούστου 2015

Ενεργοποίηση της κοινής εταιρίας Thomas Cook και Fosun ...


...με "παρακολούθηση" 50 ξενοδοχειακών μονάδων στην Μεσόγειο 

- Αύξηση κερδοφορίας, μείωση δανειακών υποχρεώσεων στο τρίτο τρίμηνο για τον Thomas Cook 
- Στη δημοσιότητα τα οικονομικά αποτελέσματα 

Ο Thomas Cook σχεδιάζει να αποκτήσει έως 50 ξενοδοχεία και θέρετρα στην ευρύτερη περιοχή της Μεσογείου, μέσω ενός κοινού επενδυτικού σχήματος με την κινεζική FOSUN, στην οποία ανήκει το Club Med. 
Ο διευθύνων σύμβουλος Peter Fankhauser ανακοίνωσε την κίνηση στο πλαίσιο της ανακοίνωσης των βελτιωμένων αποτελεσμάτων του τρίτου τριμήνου του t.o., την περασμένη εβδομάδα. 
Υπενθυμίζεται ότι Thomas Cook και Fosun έχουν υπογράψει  μνημόνιο (MOU) για τη δημιουργία ενός σχήματος επενδυτικού που θα προχωρήσει σε εξαγορές ξενοδοχειακών επιχειρήσεων 
Η Fosun ως γνωστό εξαγόρασε το Club Med, τον Φεβρουάριο και εξαγόρασε το 5% της Thomas Cook, τον Μάρτιο.
Το σχέδιο προβλέπει το νέο σχήμα να «αποκτήσει 30 έως 50 ξενοδοχεία και θέρετρα σε τρία έως πέντε χρόνια" σε προορισμούς όπως η Ισπανία, η Ελλάδα, η Κύπρος και η Τουρκία. Τα ξενοδοχεία θα λειτουργούν με τις διάφορες εμπορικές επωνυμίες του Thomas Cook για τα διάφορα είδη πελατείας που έχει, δήλωσε ο Fankhauser. 
Μάλιστα αποκάλυψε ότι  «Συμφωνήσαμε στις βασικές λεπτομέρειες και είμαστε ήδη την πρόσληψη προσωπικού [για την κοινή επιχείρηση]".
Τέλος αποκάλυψε στους επενδυτές ότι η ζήτηση για τα own-brand hotels αυξάνεται συνεχώς και η αύξηση αυτή φέτος είναι ήδη στο 38%. Σημείωσε δε ότι τα περιθώρια κέρδους στα ξενοδοχεία αυτά είναι υψηλά και βούληση της διοίκησης είναι να τα στηρίξει περαιτέρω και να προχωρήσει σε εξαγορές συνεργαζόμενων ξενοδοχείων.

Κατά τα λοιπά τα αποτελέσματα του τρίτου τριμήνου δείχνουν μια πολύ βελτιωμένη εικόνα για τον TC, o οποίος τα τελευταία χρόνια ταλανίζεται από προβλήματα.

Για όποιον ενδιαφέρεται για συγκεκριμένα οικονομικά στοιχεία, η πλήρης ανακοίνωση ακολουθεί:

Third Quarter Results for the three months ended 30 June 2015
Continuing progress despite external shocks
  • Twelfth consecutive quarter of improved profitability
  • Operating profit increased by £53 million for the quarter
  • Net debt reduced by £111 million to £392 million
  • Good progress in developing joint initiatives with our strategic partner, Fosun
  • Summer holiday bookings to most destinations are in line with expectations
  • However, the recent tragic events in Tunisia, and concerns regarding Greece’s potential exit from the Euro, are expected to impact FY15 EBIT by approximately £25 million
  • The foreign exchange translation impact on FY15 EBIT is expected to be £39 million (up from £25 million at our interim results), following further depreciation of the Euro and Swedish Krona against the Pound
  • Despite these impacts, we continue to expect growth in FY15 on a constant currency basis

£m (unless otherwise stated)3 months endedChangeLike-for-like(ii)change
30 June 201530 June 2014
Revenue1,9502,219(269)4
Underlying(i) Gross Margin %20.4%20.1%0.3%(0.2)%
Underlying Profit from Operations (Underlying EBIT)3033(3)5
Underlying EBIT Margin%1.5%1.5%Flat0.2%
EBIT Separately Disclosed Items(27)(75)4848
Profit/(Loss) from operations (EBIT)3(42)4553
Loss before tax(44)(81)3744
Net Debt(392)(507)115111(iii)

£m (unless otherwise stated)Last 12 months (LTM) endedChangeLike-for-like(ii)change
30 June 201530 June 2014
Revenue8,0508,966(916)(23)
Underlying Gross Margin %22.4%22.6%(0.2)%0.0%
Underlying Profit from Operations (Underlying EBIT)3343052991
Underlying EBIT Margin%4.1%3.4%0.7%1.1%
EBIT Separately Disclosed Items(171)(274)103103
Profit from operations (EBIT)16331132194
Loss before tax(15)(137)122184

Notes (i)The term ‘underlying’ refers to trading results that are adjusted for separately disclosed items that are significant in understanding the ongoing results of the Group. Separately disclosed items are detailed on page 9


(ii)‘Like-for-like’ change is quoted to improve the comparability of prior year data, by adjusting for the impact of disposals, foreign exchange translation, fuel and other factors that distort the true performance of the business. The detailed like-for-like adjustments are shown on page 12


(iii)‘Like-for-like’ net debt adjusts the prior year comparative for foreign exchange translation, the impact of changing finance lease arrangements, new equity investment and disposal proceeds to give a true, underlying change in Net Debt as set out on page 10










Financial highlights
The comments below are based on like-for-like comparisons unless otherwise stated
  • Operating profit improved substantially in the quarter, increasing by £53 million to £3 million (Q3 2014: loss of £50 million), following a reduction in separately disclosed items of £48 million
  • Group revenue increased by £4 million, or 0.2%, to £1,950 million (Q3 2014: £1,946 million) reflecting weaker demand in the quarter as previously announced, particularly in April
  • Underlying EBIT improved by £5 million to £30 million (Q3 2014: £25 million)
  • Net debt reduced by £111 million on a like-for-like basis (£115 million on a statutory basis) to £392 million reflecting improved cash flow generation
Current trading highlights
  • Summer 2015 is 78% sold, the same as this time last year, and customer bookings have generally improved in most source markets over the last few weeks
  • Our UK business continues to trade well, with the peak departure months well sold at good margins
  • Northern Europe has proved resilient amid tough conditions, achieving strong “lates” market sales at better prices than last year
  • Airlines Germany has achieved continued growth through increased capacity and better load factors
  • In Continental Europe margins have been impacted by tough market conditions in Germany, as we have previously reported, and by weak demand in France for MENA destinations
Progress in executing our strategy
  • Despite disruption in some destinations, our strategy continues to deliver underlying profitable growth
  • Our focus on differentiated holidays is leading to increased customer demand for holidays to our own-brand hotels, where bookings have increased by 38% so far this year
  • We are committed to continually improving the quality of our hotels. Thanks to our quality control programme, the customer review scores of own-brand and partnership hotels have increased
  • Thomas Cook and Fosun have agreed a Memorandum of Understanding setting out key details of our joint hotel investment platform
  • We have entered into a marketing and distribution partnership with Club Méditerranée, a subsidiary of Fosun, to expand further the range of premium holidays offered to our customers
  • We are serving our customers better through technology. With OneWeb, our international web platform, embedded in the UK, we have now launched it in Continental Europe, starting with the Netherlands.
  • We continue to develop initiatives under our New Operating Model, including a Group-wide approach to Customer Relationship Management to provide customers with more personalised services and offers
Outlook
Overall, the Group performed in line with management’s expectations in the third quarter.  Despite the weaker bookings position highlighted at our interim results, our UK, Continental Europe and Northern Europe businesses have all delivered increased EBIT, while Airlines Germany is slightly behind last year’s strong comparator. However, our fourth quarter bookings have been disrupted by events in Tunisia and Greece, which we expect will reduce Group EBIT for the full year by approximately £25 million, compared with our previous expectations.  In addition, based on current rates, we expect foreign exchange translation to reduce full year Group EBIT by approximately £39 million, up from the £25 million we announced at our interim results due to further depreciation of the Euro and Swedish Krona against the Pound.  On a constant currency basis, we nevertheless remain confident that Thomas Cook will achieve growth in FY15.
Peter Fankhauser, Chief Executive of Thomas Cook commented:
“We’ve delivered a good performance in the third quarter, executing on our strategy and improving our underlying operating profit and cash flow in spite of weaker market conditions. Customer demand for our differentiated product continues to grow, our focus on quality is achieving positive results, and our digital progress is encouraging.
Since the end of the third quarter, our business has been impacted by significant external shocks.  In response to the tragic events in Tunisia, we acted swiftly and decisively, evacuating more than 15,000 guests on approximately 60 flights and sending Special Assistance Teams to offer logistical and compassionate support to customers and staff.  In Greece, our local teams have worked diligently to ensure that economic issues do not disrupt our customers’ holidays.  Our people have shown exemplary commitment during these crises, distinguishing Thomas Cook by personally contacting tens of thousands of customers, and amending and rebooking their holidays in just a few days.  It is the dedication of our people that make us one of the most popular travel brands in Europe.
While the impact of Tunisia and Greece will reduce our fourth quarter and full year profits, and in spite of foreign exchange headwinds, I have every confidence that our progress will continue, supported by the ongoing execution of our profitable growth strategy.”

Δεν υπάρχουν σχόλια:

Δημοσίευση σχολίου