Interim report January-March 2011

April 13, 2011 First quarter, 2011 * RevPAR Like-for-like increased by 6.5% to EUR 55.6 (52.2). Like-for-like Occupancy was 55.7% (53.8). * Revenue increased by 16.3% or MEUR 27.0 to MEUR 192.7 (165.7). On a Like- for-like basis Revenue increased by 5.6%. * EBITDA was MEUR -8.5 (-11.5), and EBITDA margin was -4.4% (-6.9%). * Loss after tax amounted to MEUR -17.4 (-17.7). * Basic and diluted Earnings Per Share amounted to EUR -0.12 (-0.12). * Cash flow from operating activities amounted to MEUR -21.7 (-17.5). Total available cash at the end of the quarter, including unutilised credit facilities, amounted to MEUR 100.5 (MEUR 73.0 in March 10). Other developments * Circa 1,400 new rooms were added into operations in the first quarter. * Circa 2,200 rooms were signed in the first quarter all of which were managed or franchised.   First quarter Rolling 12-months MEUR Jan-Mar 11 Jan-Mar 10 Apr 10-Mar 11 Apr 09-Mar 10 ----------------------------------------------------------------------- Revenue 192.7 165.7 812.7 690.3 EBITDAR 52.7 45.1 261.6 217.6 EBITDA -8.5 -11.5 34.3 8.4 EBIT -16.5 -19.0 6.0 -22.7 Profit/loss after Tax -17.4 -17.7 -2.4 -26.6 EBITDAR Margin % 27.3% 27.2% 32.1% 31.5% EBITDA Margin % -4.4% -6.9% 4.2% 1.2% EBIT Margin % -8.6% -11.5% 0.7% -3.3% Comment from the CEO - A continued strong recovery in our key markets "We are pleased to report continued strong RevPAR growth in the first quarter. Eastern Europe was the best performing market followed by the Nordics, where the improvement was partly supported by the fact that Easter falls in the second quarter this year. Rest of Western Europe also reported substantial growth and we see a continued solid development in Germany. In the Middle East and North Africa, the recent political unrest, as expected, had a negative impact on RevPAR development. The first quarter is seasonally the weakest of the year. We recorded a strong revenue growth and an improved EBITDA over last year. The margin development was however dampened by the opening up of a significant number of leased hotels since the first quarter of 2010. The beginning of 2011 has been very strong in terms of new hotel openings and signings. We opened 1,400 rooms in key markets like Stockholm, Brussels and Kuwait and added more than 2,200 rooms to our pipeline. All the new signings were under management or franchise contracts, supporting our asset-light strategy." Kurt Ritter, President & CEO Financial calendar Interim Report January-June 2011: 21 July 2011 Interim Report January-September 2011: 28 October 2011 This quarterly report comprises information which Rezidor Hotel Group AB (publ) is required to disclose under the Securities Markets Act and/or the Financial Instruments Trading Act. It was released for publication at 08:30 Central European Time on 13(th) April 2011. Stockholm 13(th) April, 2011 Kurt Ritter President & CEO Rezidor Hotel Group AB Webcast 13(th) April 2011 at 15:30 (Central European Time). Kurt Ritter, President & CEO, Knut Kleiven, Deputy President & CFO and Puneet Chhatwal, Chief Development Officer, will present the report and answer questions. To participate in the teleconference, please dial: Sweden: +46 (0)8 5066 2770 Sweden toll-free: 0200 897 065 UK: +44 (0)20 7784 1036 UK toll-free: 0800 279 9640 US: +1 718 354 1152 US toll-free: 1866 850 2201 To follow the webcast, please visit www.rezidor.com A replay of the conference call will be available one month following the call by dialling +46 (0)8 5051 3897 (Sweden), +44 (0)20 7111 1244 (UK) and +1 347 366 9565 (US), access code 6096478#. In Q1 2011 Rezidor opened six new hotels For further information, please contact: Knut Kleiven, Deputy President and Chief Financial Officer Avenue du Bourget 44 B-1130 Brussels, Belgium Tel: + 32 2 702 9200 www.rezidor.com The full report with tables can be downloaded from the following link: Rezidors Q1 2011 Interim Results: http://hugin.info/142138/R/1505773/440650.pdf This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Rezidor Hotel Group via Thomson Reuters ONE [HUG#1505773]