Hoteles BESTPRICE S A : sees a surge in profit in the first half, exceeding €1.61 million, a 49% increase.

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Hoteles BESTPRICE sees a surge in profit in the first half, exceeding €1.61 million, a 49% increase. 01 Aug 2024 09:20 CEST Subscribe Issuer HOTELES BESTPRICE S.A. The hotel chain, which is listed on EURONEXT PARIS, exceeds all its forecasts, with net revenue in the first half growing by 35% to €3,469,586. The operating margin and profit rises to 46.65% on sales. Hoteles BESTPRICE achieves record operating profits in the first 6 months of the year, marking the highest in the company's history with a figure of €1,618,000 in the semester. Revenue exceeds €3,469,000, with an operating margin over 46% on sales. The hotel chain is making substantial investments to open new establishments in the cities of Madrid, Barcelona, and Malaga, expanding its portfolio to 10 hotels. The company achieves a record semester in terms of occupancy and RevPar. Occupancy stabilizes at 93%, consistently surpassing 90% for the past 5 months of 2024. The ADR also reaches record levels, averaging above €101 in this first semester, although showing signs of slowdown in recent weeks, and the average revenue per available room (RevPar) soars to €94.32. The company, listed on EURONEXT PARIS, presents exceptional results in terms of occupancy levels across its 7 operational hotels. It has recently added a new establishment in Barcelona, BESTPRICE Barcelona Stadium, becoming a reference in its markets, with an average workforce of 42 employees. The hotel chain strengthens its financial balance in the first semester, with a total asset increase to €13,157,517 (€13.15M) compared to €5.69M (+131%) the previous year. The cash position stands at €4,252,000, enabling it to meet the investment commitments currently being made with new hotel establishments in Madrid, Barcelona, and Malaga. Key figures for the 1st semester of 2024: Operating profit (EBITDA) surpasses €1.61 million, 49% more than the same period last year Revenue reaches €3,469,000 compared to €2,561,000, 35% more than the same period last year Operating margin of 46% in the semester (profitability) compared to 43% the previous year Several months with an operating margin above 50% on sales Average occupancy of 93%, consistently above 90% for the past 18 months ADR reaches €101 and the average revenue per available room (RevPar) soars to €94.32 7 operational hotels and 3 more in the execution phase for upcoming openings Hoteles BESTPRICE has 42 employees Hoteles BESTPRICE's net debt in the semester is €6 million, 1.87 times the projected EBITDA for this year Estimated sales for the full year 2024 are €7 million Pipeline of new hotels: https://hotelesbestprice.com/pipeline-hoteles-bestprice/ Market cap is €85 million on the EURONEXT PARIS STOCK MARKET Hoteles BESTPRICE has positive growth prospects for the entire year, with a revenue forecast of €7 million. Occupancy rates have been close to 100% since the end of the pandemic, and good quarters are expected in 2024 due to the high demand for reservations. In the past year, the hotel chain's investments have skyrocketed to record figures for the company, aiming to double its EBITDA by 2026 and reach €10 million in revenue. Hoteles BESTPRICE is listed on EURONEXT PARIS, and banking entities CaixaBank, BBVA, Sabadell, DEGIRO, Openbank, ActivoBank, and Interactive Brokers support Hoteles BESTPRICE with stock brokerage on EURONEXT PARIS in the company's listing. The company's ISIN code is ES0105664009 and the company's ticker on EURONEXT PARIS is MLHBP. In the words of Oscar Sánchez, president of Hoteles BESTPRICE, "We continue to grow with excellent occupancy results and profits that allow us to undertake an exciting growth project with the incorporation of new hotel projects. Our deluxe stay offering combines modernity, excellence, comfort, and supreme quality from our human team." Hoteles BESTPRICE is a new boutique hotel chain making a breakthrough in the hotel industry market with an innovative, unique, exclusive, and highly attractive concept for all clients, and with an appealing growth model for investors. They offer the best hotel stay prices with deluxe rooms and first-class service from the Reception team, featuring modern facility designs and efficient, personalized, and professional service from a highly trained Guest Services team. The chain has seven operational boutique establishments: BESTPRICE Diagonal and BESTPRICE Gracia, both in the city of Barcelona, BESTPRICE Madrid Alcalá, BESTPRICE Girona, BESTPRICE Valencia, the newly inaugurated BESTPRICE Santillana del Mar, and the new establishment in Barcelona, BESTPRICE hostel Barcelona Stadium. Press Contact María Díaz Tech Sales Comunicación - Press Office http://www.techsales.es Source HOTELES BESTPRICE S.A. Provider Euronext Company Name HOTELES BESTPRICE ISIN ES0105664009 Symbol MLHBP Market Euronext Access

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