InterContinental Hotels Group PLC
Preliminary Results for the year to 31 December 2011
Excellent 26% growth in operating profit driven by brand outperformance and scale efficiencies
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Financial summaryº |
2011 |
2010 |
|
% Change YoY |
|
|
Actual |
CER² |
CER & ex. LDs³ |
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Revenue |
$1,768m |
$1,628m |
9% |
7% |
6% |
|
Operating profit |
$559m |
$444m |
26% |
25% |
21% |
|
Total adjusted EPS |
130.4¢ |
98.6¢ |
32% |
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|
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Total basic EPS¹ |
159.2¢ |
101.7¢ |
57% |
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|
|
Total dividend per share |
55.0¢ |
48.0¢ |
15% |
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|
|
Net debt |
$538m |
$743m |
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Richard Solomons, Chief Executive of InterContinental Hotels Group PLC, said: |
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"The strength of our brands, underpinned by our global systems and scale, delivered 6.2% growth in revenue per available room (RevPAR) in the year. We have continued to outperform the industry in key markets such as the US and Greater China where RevPAR was up 7.9% and 10.7% respectively. We are strengthening our business through developing our brand portfolio supported by targeted investment. We also ensure that our hotels with our best in class delivery systems are known for industry leading guest experiences delivered by talented people and dedicated owners. Looking ahead, in spite of considerable uncertainty in the Eurozone, IHG is well positioned globally to benefit from positive long term industry trends and, in particular, growing demand in emerging markets. Our 15% dividend growth reflects the confidence we have in our ability to deliver high quality growth through market share and margin gains, due to our preferred brands, geographic diversity, robust balance sheet and scalable business model." |
