International Hotel Investments plc - 2022 Updated Performance Targets

On 3 September 2022, International Hotel Investments plc announced that following the publication of the Financial Analysis Summary on 30 June 2022, and in view of the prevailing improvement in market conditions and stronger recovery, IHI is now expecting to generate revenues of €224 million in 2022 (compared to the earlier forecast of €217 million) and an EBITDA of €43.5 million (compared to the previous estimate of €39 million). The more positive performance is also expected to translate into improved margins with the EBITDA margin now anticipated to climb to 19.4% compared to the original projection of just under 18%.