2014 Registration Document and Annual Financial Report - page 204

Financial Statemements
Consolidated Financial Statements and Notes
5
NOTE 8
EBITDA BY STRATEGIC BUSINESS AND REGION
(inmillions of euros)
France
Europe
(excl. France/
Mediterranean)
Mediterranean,
Middle East,
Africa
Asia
Pacific Americas
Worldwide
Structures
(1)
2014
2013
Adjusted
HOTELSERVICES
123
111
37
70
33
37
411
412
HOTELINVEST
144
307
21
22
38
41
573 486
CORPORATE & INTERCOS
-
-
-
-
-
(61)
(61)
(52)
TOTAL 2014
267
418
58
92
71
17
923
TOTAL 2013 ADJUSTED 277
341
25
91
73
39
846
(1) “Worldwide Structures” corresponds to revenue (royalties) and costs that are not specific to a single geographic region.
Consolidated EBITDA at December 31, 2014 totalled €923 million compared with €846 million at December 31, 2013.
The period-on-period increase breaks down as follows:
ƒƒ
Like-for-like growth
+54 m€
+6.4%
ƒƒ
Business expansion (owned and leased hotels only)
+30 m€
+3.6%
ƒƒ
Currency effects
(5) m€
(0.6)%
ƒƒ
Disposals
(2) m€
(0.2)%
INCREASE IN 2014 EBITDA
+77 m€
+9.2%
Change in EBITDA by Strategic business
∆ 2014/2013 Adjusted
Like-for-like change
(inmillions of euros)
(inmillions of euros)
(in %)
HOTELSERVICES
(1)
+22
+5.3%
HOTELINVEST
+87
+41
+8.5%
CORPORATE & INTERCOS
(9)
(9)
(17.6)%
GROUPTOTAL
+77
+54
+6.4%
Change in EBITDA by region
∆ 2014/2013 Adjusted
Like-for-like change
(inmillions of euros)
(inmillions of euros)
(in %)
France
(10)
(5)
(1.9)%
Europe (excl. France/Mediterranean)
+77
+41
+12.0%
Mediterranean, Middle East, Africa
+33
+35
+144.1%
Asia Pacific
+1
+4
+4.3%
Americas
(2)
(3)
(4.8)%
Worldwide Structures
(22)
(18)
(45.3)%
GROUPTOTAL
+77
+54
+6.4%
Registration Document 2014
202
1...,194,195,196,197,198,199,200,201,202,203 205,206,207,208,209,210,211,212,213,214,...332
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