Edition:
India

Covivio Hotels SCA (COVH.PA)

COVH.PA on Paris Stock Exchange

16.20EUR
1 Dec 2020
Change (% chg)

€0.15 (+0.93%)
Prev Close
€16.05
Open
€16.05
Day's High
€16.20
Day's Low
€15.90
Volume
2,058
Avg. Vol
8,380
52-wk High
€30.00
52-wk Low
€11.60

Latest Key Developments (Source: Significant Developments)

Covivio Hotels Expects No Improvement In Q4 Results
Friday, 16 Oct 2020 

Oct 16 (Reuters) - COVIVIO HOTELS SCA ::ANNOUNCED ON THURSDAY END-SEPT REVENUES GROUP SHARE EUR 111.7 MLN VS EUR 219.2 MLN YEAR AGO.AT END-SEPT COVIVIO HOTELS HAD CASH AND UNDRAWN CREDIT LINES OF AROUND EUR 290 MLN, NO DEBT MATURITIES IN NEXT 12 MONTHS.DOES NOT ANTICIPATE ANY IMPROVEMENT IN ITS RESULTS IN Q4.JULY AND AUGUST PERFORMANCE BETTER THAN EXPECTED WITH AUGUST AVERAGE OCCUPANCY RATE IN EUROPE UP AT 39% COMPARED TO 7% IN MAY.REVENUES STAY LARGELY BELOW PREVIOUS YEARS LEVELS.RISING COVID-19 CASES IN SEPTEMBER WEIGH ON PERFORMANCE, WITH MAJORITY OF HOTELS OPEN BUT LOW OCCUPANCY RATE (BETWEEN 20% AND 35%) .RENT COLLECTION RESUMED IN Q3, 92% OF RENTS DUE HAVE BEEN PAID TO DATE (INCLUDING 89% IN THE 3RD QUARTER ALONE).COURTEPAILLE (2% OF ANNUALIZED REVENUES OF COVIVIO HOTELS)WILL BE TAKEN OVER BY BUFFALO GRILL.COURTEPAILLE: COVIVIO HOTELS PROVISIONED EUR 2 MLN.  Full Article

Covivio: successfully priced €500 million 10-year Bond with a 1.625% coupon
Wednesday, 17 Jun 2020 

June 17 (Reuters) - Covivio Hotels SCA ::* Covivio has successfully priced its new Bond issue of €500 million, maturing in 2030 and offering a 1.625% coupon.* Notes have been close to 5 times oversubscribed.* This operation, used to refinance existing debts, strengthens the balance sheet by lengthening debt maturity (of 6.1 years at end-2019) and improving its profile.  Full Article

Covivio Hotels: Option Of Dividend Payment In Shares Chosen By 98.6% Of Capital, Capital Increase Of EUR 185 Mln
Tuesday, 2 Jun 2020 

June 2 (Reuters) - Covivio Hotels SCA ::OPTION OF DIVIDEND PAYMENT IN SHARES CHOSEN BY 98.6% OF CAPITAL.OPERATION REPRESENTS A CAPITAL INCREASE OF €185 MILLION.  Full Article

Covivio Hotels Approves Payment Of Dividend Of 1.55 Euros Per Share For 2019
Friday, 8 May 2020 

May 8 (REUTERS) - COVIVIO HOTELS SCA ::ANNOUNCED ON THURSDAY : APPROVAL OF OPTION TO PAY DIVIDEND IN SHARES WITH SUBSCRIPTION PRICE OF €16.07.COMBINED GENERAL MEETING OF SHAREHOLDERS HELD ON MAY 7, 2020 APPROVED PAYMENT OF DIVIDEND OF €1.55 PER SHARE IN RESPECT OF 2019 FINANCIAL YEAR, AS WELL AS OPTION FOR PAYMENT OF DIVIDEND IN SHARES.THE SHARES THUS ISSUED WILL CARRY DIVIDEND RIGHTS AS OF JANUARY 1, 2020 AND WILL BE SUBJECT OF A REQUEST FOR ADMISSION TO TRADING ON EURONEXT PARIS.COVIVIO HOTELS' BALANCE SHEET WILL THUS BE STRENGTHENED BY COMPLETION OF CAPITAL INCREASE BETWEEN €182 MILLION AND €188 MILLION.  Full Article

Covivio Hotels Proposes Dividend Payment In Shares
Thursday, 26 Mar 2020 

March 26 (Reuters) - COVIVIO HOTELS SCA ::PROPOSAL FOR PAYMENT OF THE DIVIDEND IN SHARES.WILL OFFER ITS SHAREHOLDERS POSSIBILITY OF OPTING FOR PAYMENT OF THE €1.55 DIVIDEND IN SHARES.OPTION REPRESENTS CAPITAL INCREASE OF BETWEEN €182 MILLION AND €188 MILLION.  Full Article

Covivio Hotels Says Coronavirus Pandemic Has Direct Impact On Its Revenues
Wednesday, 18 Mar 2020 

March 18 (Reuters) - Covivio Hotels SCA ::FROM THE BEGINNING OF THE YEAR (TO MARCH 15, 2020), BUSINESS AND PREMISES ASSETS SHOW AN 11% DROP IN REVPAR .ON CORONAVIRUS: PANDEMIC HAS DIRECT IMPACT ON THE REVENUES OF COVIVIO HOTELS.  Full Article

Covivio Hotels Reports Direct Impact Of Coronavirus On Its Revenues
Wednesday, 18 Mar 2020 

March 18 (Reuters) - COVIVIO HOTELS SCA ::ON CORONAVIRUS: PANDEMIC HAS DIRECT IMPACT ON THE REVENUES OF COVIVIO HOTELS.FROM THE BEGINNING OF THE YEAR (TO MARCH 15, 2020), WALL AND BOTTOM HOTELS SHOW AN 11% DROP IN REVPAR.  Full Article

Covivio Hotels FY Total Revenue Group Share 280.0 Million Euros
Wednesday, 12 Feb 2020 

Feb 12 (Reuters) - Covivio Hotels SCA ::FY TOTAL REVENUE HOTELS GROUP SHARE LIKE FOR LIKE EUR 280.0 MILLION VERSUS EUR 254 MILLION YEAR AGO.SAYS AT END DECEMBER 2019, THE VALUE OF THE REAL ESTATE PORTFOLIO, GROUP SHARE, REACHED €5.973 MILLION (€6.693 MILLION AT 100%), COMPARED WITH €5.483 MILLION ON 31 DECEMBER 2018.WILL PROPOSE TO VOTE ON DISTRIBUTION OF A DIVIDEND OF €1.55 PER SHARE PAID IN CASH, STABLE FOR A YEAR.SAYS IN 2020, COVIVIO HOTELS WILL PURSUE ITS GROWTH IN MAJOR EUROPEAN CITIES..EPRA EARNINGS OF €209.2 MILLION, UP BY 5.5%.PER SHARE, EPRA EARNINGS REACHED €1.74 ON 31 DECEMBER 2019, AGAINST €1.78 ON THE SAME DATE IN 2018, REPRESENTING A DROP OF 2.4%.FY NET DEBT OF COVIVIO HOTELS REACHED €2.329 MILLION AS A GROUP SHARE, AGAINST €2.208 MILLION AS AT 31 DECEMBER 2018.€32 MILLION OF CAPEX CARRIED OUT IN 2019.AT END DEC 2019, FIRM RESIDUAL DURATION OF LEASES IN HOTEL PORTFOLIO AMOUNTED TO 13.7 YEARS VERSUS 13.8 YEARS AT END 2018, WHILE OCCUPANCY RATE REMAINED AT 100% ACROSS PORTFOLIO.  Full Article

French company Covivio acquires nearly 620 mln euros worth of new European hotel assets
Monday, 6 Jan 2020 

Jan 6 (Reuters) - Covivio Hotels SCA ::* Covivio, through its subsidiary Covivio Hotels1, signs an agreement to acquire a portfolio of eight hotels located in Rome, Florence, Venice, as well as in Nice, Prague and Budapest for €573 million (capex included). .* In addition, the group announces the acquisition of a Hilton hotel in Dublin for €45.5 million. .  Full Article

Covivio: B&B Hotels To Buy Three Hotels In Poland For EUR 24 Million
Monday, 18 Nov 2019 

Nov 18 (Reuters) - Covivio SA ::B&B HOTELS AND COVIVIO SIGN DEAL BOOSTING B&B HOTELS’ GROWTH IN POLAND.A DEAL THAT WILL DOUBLE B&B HOTELS’ CAPACITY IN POLAND.B&B HOTELS WILL BUY THREE EXISTING HOTELS FOR €24M IN LODZ, WARSAW AND KRAKOW AND DEVELOP OTHER HOTELS.  Full Article

No consensus analysis data available.