Dalata Hotel Group PLC: Replacement: Update on Upcoming AGM
DJ Dalata Hotel Group PLC: Replacement: Update on Upcoming AGM
Dalata Hotel Group PLC (DAL,DHG)
Dalata Hotel Group PLC: Replacement: Update on Upcoming AGM
26-Apr-2021 / 14:12 GMT/BST
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Replacement: Update on COVID-19 and upcoming Annual General Meeting
ISE: DHG LSE: DAL
Dublin and London | 26 April 2021: As previously indicated, the annual general meeting of Dalata Hotel Group plc
( Dalata or the Group ), Ireland s largest hotel operator with a growing presence in the UK, is scheduled to be held
Dalata Hotel Group PLC: Update on Upcoming AGM
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McCann to step down as Dalata Hotel Group CEO
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Hotel group Dalata said it expects its earnings before interest, taxation, depreciation, and amortisation (ebitda) for 2020 to be “marginally ahead” of market expectations, despite Covid-19 challenges.
In a note this morning, analysts at Davy said they estimate Dalata’s ebitda result could be “€4m-€5m above our forecast of €12.9m.”
Unsurprisingly, Ireland’s largest hotel operator said trading in the second half the year was continually disrupted as a result of Covid-19 restrictions across the regions in which it operates, according to a trading update. Read More
Its Dublin and London hotels were quieter because a higher proportion of their business is ordinarily driven by international travel and events.