Dalata Hotel Group PLC

AGM-AGM Statement

Dalata Hotel Group PLC (DAL,DHG) Dalata Hotel Group PLC: AGM-AGM Statement 25-Apr-2024 / 07:00 GMT/BST 2024 AGM Statement

 

Reflecting on Dalata’s success and growth in the 10 years since IPO

 

ISE: DHG   LSE: DAL

 

Dublin and London | 25 April 2024: Dalata Hotel Group plc (‘Dalata’ or the ‘Group’), the largest hotel operator in Ireland, with a growing presence in the United Kingdom and Continental Europe, is holding its Annual General Meeting (“AGM”) today at 11:30 am BST at Clayton Hotel Cardiff Lane, Sir John Rogerson’s Quay, Docklands, Dublin. Shareholders are welcome to attend the meeting in person or participate in the AGM electronically using the link below.

 

At the AGM, John Hennessy, Chair of Dalata, will make the following statement:

“In March this year we celebrated ten years since Dalata’s flotation on the stock exchange. Reaching this milestone encourages us to reflect on the strong progress and growth we have achieved during that time. In the year prior to flotation, the Group’s revenue was just over €60 million with hotel assets of €5 million. Ten years on, Dalata has become the leading hotel operator in Ireland and has significantly expanded its footprint, with 53 hotels across Ireland, the UK and Continental Europe, delivering over €600 million revenue in 2023 with hotels assets of €1.7 billion at the end of last year. We remain committed to our belief that hospitality is all about people and Dalata’s success would not have been possible without the dedication and talent of our people who continue to deliver for our customers, our shareholders, and our other stakeholders.

2023 marked another record performance for the Group in terms of revenue and free cashflow generation together with strong execution of our growth strategy. We added a hotel in Amsterdam, two hotels in London and secured a building conversion opportunity in Edinburgh, representing three very commercially attractive cities in our target markets. We have embraced a culture of innovation in our determination to increase efficiency and sustainability across our business. In 2023, we successfully protected margins despite the cost inflationary environment and reduced carbon emissions per room sold whilst maintaining strong customer and employee feedback scores.