Accor underwhelms with guidance-beating FY results, share buyback

(Sharecast News) - French hospitality company Accor reported full-year results ahead of guidance on Thursday, with RevPAR momentum picking up in the fourth quarter, though shares fell after the company missed adjusted profit estimates and underwhelmed with a new share buyback plan. Accor posted recurring EBITDA of €1.20bn for 2025, up 13.3% at constant currency and ahead of the guidance range of 11-12% announced in October.

However, adjusted diluted earnings per share of €1.84 came in well short of the €2.07 consensus forecast.

Group revenues were up 4.5% over the year at €5.64bn, with revenue per available room (RevPAR) rising 4.2%, picking up to 7.0% in the fourth quarter.

The company, which opened 303 hotels during the year, taking its total portfolio to 5,836 hotels and increasing its room count by 51,000 to 881,427, said it had a pipeline of more than 257,000 rooms across 1,527 hotels.

Chair and chief executive Sébastien Bazin called it a "solid performance", in line with the company's medium-term objectives.

"This consistent year-on-year improvement in results confirms the strength of the group's business model, the attractiveness of its brands, the relevance of its geographic positioning, and the commitment of its teams," Bazin said.

Accor held on to its medium-term targets of annual RevPAR growth of 3-4% at a compound annual growth rate between 2023 and 2027, with recurring EBITDA growth between 9-12% at constant currency.

The company, which plans to return €3bn to shareholders between 2023 and 2027, announced a new €450m share buyback programme for 2026.

The stock was down 2.9% at €48.13 by 1114 GMT.