Coverage of high-potential mid-market firms in Poland

Article

Orbis Hospitality to look for attractive acquisitions

Hotel operator Orbis is actively looking for acquisition targets and in the absence of deals, it would rather use cash to reduce debt than make any extra payments to shareholders, CEO Gilles Clavie told a news conference.

"We are particularly active, we are looking at every market," Clavie said. "We are interested in takeovers on the hotel market but also other business lines related to this sector."

 

"It's important to find a good opportunity with a good rate of return," he said. "That's the biggest challenge so we need time."

 

Orbis is unlikely to make any extra dividend payments if acquisitions do not materialize, the CEO said.

 

"We have priorities, development comes first . . .," Clavie said. "If we didn't have the opportunity to spend money, then in the second place we would think about reducing debt. Only in the third place we could think about an additional dividend but today it is not a priority."

 

Orbis had over PLN 240 mln in cash at end-H1. Its net debt to EBITDA ratio stood at 0.9x.

2017-07-28



Comments : 1

HERE IS MY HOMEPAGE ... FIRSTCATHERN, 2017-10-02 22:24:32
I see you dont monetize your site, dont waste your traffic, you can earn additional cash every month because youve got high quality content. If you want to know how to make extra $$$, search for: Mrdalekjd methods for $$$

Add comment

The published comments are private opinions of the users. Biznespolska Media Sp. z o.o. is not responsible for their content. Intelligent and insightful comments most appreciated.

Other News

Photo of the week

Photo of the week

Following an impressive run, PKN Orlen fuel reappoints CEO Wojciech Jasiński to spearhead the company to newer, more challenging waters. Gives him a new three year term!

2017-12-15

WSE Indices


NameValueChangeTime
WIG20 2434,61 -
WIG 62619,60 -0,47 % 17:15
sWIG80 14485,55 +0,28 % 17:15
NCIndex 281,82 +2,75 % 17:15
2017-12-15

WSE Companies


Top 5 Gainers

NameValueChange
INDATA1,95+828,57 %
OPG1,30+44,44 %
CUBE.ITG0,46+35,29 %
AAT HOLDING19,50+20,37 %
REGNON0,22+10,00 %

Top 5 Losers

NameValueChange
PLATYNOWE INWESTYCJE0,51-15,00 %
ZREMB-CHOJNICE0,30-11,76 %
REDWOOD HOLDING0,57-9,52 %
INPRO SA5,00-9,09 %
SIMPLE6,07-7,75 %