Radisson Hospitality AB

January-December 2018 - Seite 2

Financial results in line with the 5-year operating plan

On a like-for-like basis, including hotels under renovation, revenue grew by 5.4% in the fourth quarter, which was slightly higher than in the full year 2018 (4.5%). This is in line with guidance provided in the Q3 report.

As mentioned in our Q3 report, operating costs in Q4 were higher than in previous quarters - in line with the 5-year operating plan. Despite this, the EBITDA-margin was in line with Q4 2017. The margin for the full year of 10.8% is in line with the guidance.

During the quarter 1,505 rooms were contracted, 950 rooms opened, and 1,399 rooms left the system.

In a press release on January 25 this year, we announced our financial targets for 2019. Again, in line with the 5-year operating plan, we expect like-for-like revenue, including hotels under renovation, to increase by 4.5 - 5.0% and that we will reach an EBITDA-margin between 12.0 and 12.5%.

On February 5, a consortium led by Jin Jiang International Holdings Co., Ltd., including SINO-CEE Fund, through Aplite Holdings AB, announced that they had acquired 94.1% of the shares and votes in Radisson Hospitality AB (publ). Since Aplite holds more than 90 percent of the shares in Radisson, Aplite intends to commence a squeeze-out procedure under the Swedish Companies Act to acquire also the remaining shares. Aplite also intends to request that the Board of Radisson applies for de-listing of Radisson's shares from Nasdaq Stockholm.

Federico J. González, President & CEO

Presentation of the Q4 Results

On February 22, 2019 at 10:00 CET, a combined telephone conference and live webcast (in English) concerning the report will be presented by the President & CEO, Federico J. González and Deputy President & CFO, Knut Kleiven. To follow the webcast, please visit https://www.radissonhospitalityab.com/investors.

To access the telephone conference, please dial:

Belgium, Local	[phone]
Belgium, Free	0800 48740
France, Local:	[phone]
France, Free:	0805 103 028
Norway, Local:	[phone]
Norway, Free:	800 51874
Spain, Local:	[phone]
Spain, Free	800 098 826
Sweden, Local:	[phone]
Sweden, Free:	0200 125 581
UK, Local:	[phone]
UK, Free:	0800 376 7922
USA, Local:	[phone]
USA, Free:	1 866 966 1396
Standard international	[phone]

Confirmation code: 2609538. For a replay of the conference call please visit https://www.radissonhospitalityab.com/investors.