Accor SA (ACRFF) Q4 2022 Earnings Call Transcript

Accor SA (OTCPK:ACRFF) This fall 2022 Outcomes Convention Name February 23, 2023 2:30 AM ET

Firm Contributors

Sébastien Bazin – Chairman and CEO

Jean-Jacques Morin – Deputy CEO and CFO

Convention Name Contributors

Jamie Rollo – Morgan Stanley

Jarrod Fortress – UBS

Jaina Mistry – Jefferies

Leo Carrington – Citi

Vicki Stern – Barclays

Andre Juillard – Deutsche Financial institution

Richard Clarke – Bernstein

Sébastien Bazin

Thanks for being related with us. Jean-Jacques Morin is on my proper. And we will be spending the following 90 minutes till 10 o’clock Paris time on saying and sharing with you nice outcomes for 2022, extraordinarily strong. Very joyful to undergo it. Blissful most likely, and I will do it now to inform you that, sure, we’re having fun with a pleasant month of January by way of actions and sure wanting ahead for 2023, which goes to be a fair higher 12 months of 2022.So I’ll begin with the primary slide, which is a bit 20,000 ft altitude.

I needed to indicate you in between the form of bearish atmosphere, which was the case in October 2022. On the subject of inflation, the identical particular person most likely as economist on the planet, what they’ve mentioned in January 2023, which is three months, 90-days lag. Clearly, in the case of inflation, inflation continues to be there, however not rising and the concern was most likely to go a lot greater than the place we are actually.

You see it for the usA., it is nonetheless 50 foundation factors from 3.5% to 4%, however it’s stabilizing in Europe at 5.7% and on the planet between 6.5% and 6.6%. You have seen during the last 20 days a number of uncooked supplies, metal, copper being sharply down for the final 45 days, and a few of them being seeking to be decrease than 2019.

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