Accor SA (XPAR:AC)
€ 44.03 0.02 (0.05%) Market Cap: 10.73 Bil Enterprise Value: 13.51 Bil PE Ratio: 19.13 PB Ratio: 2.39 GF Score: 88/100

Q3 2020 Accor SA Corporate Sales Call Transcript

Oct 22, 2020 / 04:00PM GMT
Release Date Price: €23.56 (+0.94%)
Operator

Hello, and welcome to the Accor Analyst Call Q3. My name is Jess, and I'll be your coordinator for today's event. (Operator Instructions)

I will now hand you over to your host, Jean-Jacques Morin, Deputy CEO, to begin today's call. Thank you.

Jean;Jacques Morin

Thank you. Good evening, good morning, ladies and gentlemen. Thank you for joining us to review our Q3 2020 revenue.

As a preliminary remark, Accor traditionally discusses guidance for the full year EBITDA during this Q3 call. Today, the group's ability to assess the impact of COVID-19 on its full year financials continues to be very limited. As a consequence, we will not discuss such a guidance.

But without further delay, let me move to Page 3, which provides you with an overview of the Q3 highlights.

So Q3 marked a clear improvement over Q2, which was the trough of the crisis. It was driven by the end of full lockdowns and closed borders and also by a satisfactory summer season, notably in Europe, where domestic travel was sustained.

In terms

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