Mantra Group full-year results

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Underlying earnings (EBITDAI) came in at $89.8 million, up 23 per cent and near the top of its guidance range of $88.5 million – $90.5 million.

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Operating Revenue (Source – Company Reports)

Statutory total revenue of $606.1m representing a 21.6% increase on FY2015
Statutory NPAT was $37.1m, up $1.0million on FY2015
Statutory basic EPS of 13.8 cents per share, compared to 14.2 cents per share for FY2015.  Underlying EBITDAI of $89.8m, up 23% on FY2105 . Underlying EBITDAI growth, excluding new properties of 6.9% . Underlying NPAT was $43.8m, up $7.6m on FY2015. Underlying basic EPS of 16.2 cps, up 13.8% on FY2015  
Fully franked final dividend of 5.5 cents per share to be paid on 4 October 2016 bringing total  dividend for the year to 10.5 cents per share. Strong pipeline of development opportunities  

Locations (Source – Company Reports)

Mantra Group Chief Executive Officer Bob East said: “FY2016 proved to be another landmark year in the growth and development of Mantra Group focussing on portfolio growth in key destinations as well as ongoing product improvement aimed at growing shareholder value. In FY2016 Mantra Group increased its portfolio by 11 new properties, adding more than 3,000 rooms to its inventory, making it Australia’s fastest growing hotel group in FY2016. A strongly supported capital raising of $113.4 million was launched in late FY2016 for the acquisition of Ala Moana Hotel, Hawaii as well as providing available capital to support acquisitions aligned with the Group’s strategy. Consumer sentiment and demand lifted in FY2016 resulting in strong trading in CBD and leisure destinations mainly on the back of increased domestic and international airline capacity into key destinations and the increase in inbound Asian travellers.

Result Highlights (Source – Company Reports)


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