Deutsche Bank Upgrades China Lodging Group (HTHT) to Hold
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China Lodging Group, Limited Reports Third Quarter of 2015 Results
November 10, 2015 4:00 PM ESTA total of 2,588 hotels or 264,076 hotel rooms in operation as of September 30, 2015 Net revenues increased 15.3% year-over-year to RMB1,600.2 million (US$251.8 million)1 for the third quarter of 2015, exceeding the high end of the guidance. Adjusted EBITDA (non-GAAP) increased 27.2% year-over-year to RMB464.8 million (US$73.1 million) for the third quarter of 2015. Adjusted EBITDA margin was 29.0%, improving from 26.3% in the third quarter of 2014. Net income attributable to China Lodging Group, Limited was RMB223.6 million (US$35.2 million) for the third quarter of 2015, a 49.5% year-over-year increase. Excluding share-based compensation expenses, adjusted net income attributable to... More
