In the Holiday Experiences segment, the Hotels & Resorts division achieved a record result of 117.4 million euros in the months from January to March 2024. Underlying EBIT more than quadrupled compared to the previous year and reached a record level of 70.1 million euros (previous year: 14.8 million euros). As a result, the underlying EBIT fell by 17.6 million euros to –326.1 million euros (Q2 2023: -308.5 million euros). Underlying EBIT improved by 13.0 million euros to -89.1 million euros (previous year: -102.1 million euros). At -72.1 million euros, underlying EBIT in the Western Region (France, Belgium, Netherlands) was 12.9 million euros lower than in the previous year (Q2 2023: -59.2 million euros).

Source: Ethiopian News May 16, 2024 11:24 UTC