NH Hotel Group recorded a loss of 36 million euros in the first quarter a digit representing the year 40.9 million euros improvement It reminded that the January-March period was “weakest” due to the seasonality of business, compared to the same quarter of 2022, as reported by the hotel group on Monday.
Despite this, the company’s total revenue in the first quarter increased by 74.2% compared to the same quarter of 2022 to 407 million euros. affected by the restrictions omicron variant your covid. With this volume of revenue, NH exceeds 15.4% of revenue in Q1 2019 in the absence of a pandemic.
NH’s gross operating result (Ebitda) reached €59 million between January and March, more than six times the Ebitda achieved in the first quarter of 2022 and reached €83 million in the first three months of 2019.
The group’s liquidity exceeds 480 million euros after the voluntary repayment of the remaining 50 million last January. 250 million ICO loan received during the pandemic.
Due to the seasonality of the period and €23 million of CapEx investments made in the first quarter of the year, NH’s net financial debt has now reached €340 million, an increase of €33 million.