German increase in EBITDA in the 2024 financial year • News • onvista

EQS News: MHP Hotel AG / Key word(s): Forecast

MHP Hotel AG: German increase in EBITDA in the 2024 financial year

12/12/2024 / 08:11 CET/CEST

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• Growth course successfully continued in the 2024 financial year
• Group EBITDA in 2024 is forecast to be around EUR 9 million, significantly higher than the previous year
• Sales forecast of EUR 160 million confirmed
• EUR 4 million in non-operational conditions from the pandemic period were repaid

Munich, December 12, 2024 – MHP Hotel AG, listed in the m:access quality segment of the Munich Stock Exchange (ISIN: DE000A3E5C24), is successfully continuing its growth path and expects a significant increase in Group EBITDA to around EUR 9 million for the 2024 financial year (previous year: EUR 1, EUR 1 million). Sales expectations for the 2024 financial year are at a record level of EUR 160 million; This corresponds to an increase of 17% compared to group sales in the previous year of EUR 136.3 million.

In terms of revenue per available room (RevPar), MHP Hotel AG expects a further increase to EUR 170 for the 2024 financial year (previous year: EUR 147). This means that the RevPar, adjusted for inflation, is significantly above the comparable value of EUR 127 from the pre-Corona year 2019.

Dr. Jörg Frehse, CEO of MHP Hotel AG, emphasized: “The positive business development results from an improvement in the operational hotel performance, which we have achieved not least through the consistent implementation of our quality-oriented growth strategy. With our focus on the premium and luxury segment and a precisely tailored sales and revenue management strategy, we are also further expanding our price leadership.”

In addition, the MHP Hotel Group has essentially repaid around EUR 4 million from non-operating contractual contracts from the pandemic period. This also includes all discounts from hotel landlords. Around EUR 6 million was also invested in renovations and equipment of the MHP hotel portfolio. A large part of this was due to the successful opening of the Koenigshof, a Luxury Collection Hotel, Munich and the completed renovation of all rooms and suites in the JW Marriott Hotel Frankfurt.

Ralf Selke, Chief Financial Officer (CFO), continues: “Our ability to maintain legal reliability and contractual compliance despite the ongoing growth in our pandemic-related circumstances underlines the financial stability and performance of MHP Hotel AG.” At the same time, this basis opens up the prospect for us to be able to establish a sustainable and long-term dividend policy in the future.”

With the expected strong results for the 2024 financial year, MHP Hotel AG is strengthening its market position. In 2025, MHP will open the Conrad Hamburg, the first hotel under the Hilton luxury brand in Germany. With its 283 rooms and suites in a prime location on Mönckebergstrasse, the hotel will continue the growth strategy in the premium and luxury segment and make a substantial contribution to the group’s further sales growth.

About MHP

MHP Hotel AG is an independent German hotel investment and management platform based in Munich. Founded in 2012, the group designs innovative operating concepts for hotels in the premium segment that are owned by well-known investors and is a franchisee of large hotel groups such as Marriott International and Hilton. MHP sees itself as a partnership link between franchisors, real estate investors, hotel guests and employees. The current portfolio includes the Le Méridien Hotels in Hamburg, Stuttgart, Munich and Vienna, the Sheraton Düsseldorf Airport Hotel, the Hotel Luc, Autograph Collection in Berlin, the JW Marriott Hotel Frankfurt, the Basel Marriott Hotel and the Koenigshof, a Luxury Collection Hotel, Munich to the portfolio. The Conrad Hamburg is scheduled to open in 2025, and the Autograph Collection Hotel in Stuttgart’s Schlossgartenquartier is scheduled to open in 2028. At the end of 2021, MOOONS Vienna was the first hotel to launch under the MOOONS own brand. The shares of MHP Hotel AG (ISIN: DE000A3E5C24, symbol: CDZ0) are listed in the m:access quality segment of the Munich Stock Exchange.

In addition to the overnight accommodation, MHP implemented innovative catering concepts that give the respective hotels their individual touch and are also well positioned on the local market. Reliability, individuality and short decision-making processes based on medium-sized structures form the basis for ensuring the highest level of guest and employee satisfaction as well as long-term profitability.

www.mhphotels.com

Contact Investor Relations:

Juncorn Consulting

Julia Stoetzel

[email protected]

December 12, 2024 CET/CEST Publication of a corporate news/financial news, transmitted by EQS News – a service of EQS Group AG.

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