The Shareholders' AGM, chaired by Chairman and CEO Denis
Hennequin, was held today, in Paris. Shareholders either
present or represented (the quorum), who altogether hold
75.67% of the shares, adopted all the resolutions.
During the AGM, Denis Hennequin underlined Accor's healthy
results in 2011 and walked shareholders through the Group's
strategy.
He highlighted developments in the system that enables to
drive the Group's transformation, the "P&L Performance",
which now provides detailed results for the various operation
modes. He also presented the new sustainable development
program, PLANET 21, which sets 21 goals for 2015, and its
pledge to provide updates on progress towards those goals
every year.
Denis Hennequin told shareholders about the latest
developments in efforts to re-dynamise economy brands with
the new brand architecture - ibis as the "mega-brand"
encompassing three brands, namely ibis, ibis Styles (formerly
All Seasons) and ibis budget (formerly Etap Hotel). Lastly,
he confirmed the Group's growth objectives, i.e. to open
40,000 rooms in 2012 and 2013, mainly under franchises and
management contracts.
Besides, Sophie Stabile, CFO, commenting on business levels
for 2012, announced that RevPAR had been positive for all
segments last April, with respective increases of +6.3% for
Upscale & Midscale hotels,
+5.5% for Economy Hotels excl. the US, and +1.9% for US
Economy Hotels, all these performances being mostly led by
price, in line with the trends seen in the first quarter of
the year.
The €0.65 per share ordinary dividend and €0.50 per share
extraordinary dividend were approved by
the Shareholders' AGM. The dividend will be paid out on 14
June 2012 (ex-date: 11 June 2012).
The Shareholders' AGM also renewed the 3-year terms of Board
members Ms Mercedes Erra, Mr Jean- Paul Bailly, Mr Philippe
Citerne and Mr Bertrand Meheut. They are independent Board
members.
Accor, the world's leading hotel operator and market
leader in Europe, is present in 92 countries
with more than
4,400 hotels and 530,000 rooms.
Accor's broad portfolio of hotel brands -
Sofitel, Pullman, MGallery, Novotel, Suite Novotel, Mercure,
Adagio, ibis, all seasons/ibis Styles, Etap Hotel/Formule
1/ibis budget, hotelF1 and Motel 6 - provide an
extensive offer from luxury to budget. With more than
180,000 employees* in Accor brand hotels worldwide, the
Group offers to its clients and partners nearly 45 years of
know-how and expertise.
*Including 145,000 in owned, leased and managed hotels
MEDIA RELATIONS
INVESTOR RELATIONS CONTACTS
Agnès Caradec Senior Vice President
Communications & External Relations
Phone : +33 1 45 38 87 52
Elodie Woillez
Phone: +33 1 45 38 87 08
Sébastien Valentin Senior Vice President
Financial Communications & Investor Relations
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