DJ Dalata Hotel Group PLC: 2023 Half Year Report Dalata Hotel Group PLC (DAL,DHG) Dalata Hotel Group PLC: 2023 Half Year Report 29-Aug-2023 / 07:00 GMT/BST=----------------------------------------------------------------------------------------------------------------------
Dalata Hotel Group PLC 29-Aug-2023 / 07:00 GMT/BST =---------------------------------------------------------------------------------------------------------------------- Delivering Growth Adjusted EBITDA1 up 24% to EUR103 million in H1 2023 ISE: DHG LSE: DAL Dublin and London | 29 August 2023: Dalata Hotel Group plc , the largest hotel operator in Ireland, with a growing presence in the United Kingdom and continental Europe, announces its results for the six-month period ended 30 June 2023.
-- Three further leased hotels under construction in key UK cities - Liverpool, Brighton, andManchester, expected to open in Q2 2024 -- Well positioned and fully hedged on term loan , with interest rate swaps in place fixingSONIA benchmark rate between c. 1.3% and 1.4% until 26 October 2023, reducing to c. 1.0% from then on until 26October 2024-- 519 employees currently on award-winning graduate and development courses, 59,375 Dalata Online coursescompleted in H1 2023
-- Completed detailed assessment on how we may commit to Science Based Targets initiative undercurrent draft guidance and identified a pathway to deliver on near-term targets The Group has entered into fixed pricing contracts for approximately 80% of its projected gas and electricity consumption until December 2024. Gas and electricity costs for the first six months of 2023 amounted to approximately EUR15 million, based on expected consumption levels we expect a reduction in these costs to approximately EUR14 million for the second half of 2023 given improved pricing.
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