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2014-04-24

Rezidor Hotel Group: INTERIM REPORT January-March 2014

First Quarter 2014

* Like-for like ("L/L") RevPAR was up by 5.0%.
* Revenue increased by 2.1% and amounted to MEUR 211.4 (207.1). On a L/L
basis Revenue increased by 3.6%.
* EBITDA amounted to MEUR -0.8 (-2.8), and the EBITDA margin to -0.4% (-1.4).
* Loss after tax amounted to MEUR -10.3 (-11.2).
* Basic and diluted Earnings Per Share amounted to EUR -0.07 (-0.08).
* Cash flow from operating activities amounted to MEUR -12.4 (-8.4).
* 1,214 new rooms opened and 1,006 new rooms were contracted. 802 managed
rooms were converted to leased.

Other

* The Board of Directors has proposed a rights issue of up to ca MEUR 60 to
be approved at the Annual General Meeting on April 24, 2014.

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|MEUR Q1 2014 Q1 2013 |
|Revenue 211.4 207.1 |
|EBITDAR 61.7 58.7 |
|EBITDA -0.8 -2.8 |
|EBIT -8.5 -10.0 |
|Loss for the period -10.3 -11.2 |
|EBITDAR margin, % 29.2% 28.3% |
|EBITDA margin, % -0.4% -1.4% |
|EBIT margin, % -4.0% -4.8% |
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Comments from the CEO

Q1 results ahead of last year but negatively impacted by the strengthening of
the Euro

"Underlying RevPAR trends remain positive with the strongest growth noted in
Rest of Western Europe. Like-for-like RevPAR grew by 5.0% and the increase
was primarily driven by improvement in average room rates. However, the
strengthening of the Euro against Nordic and Eastern European currencies had
a negative impact on RevPAR and Revenues.

Revenue grew nevertheless by MEUR 4.3 over last year, helped by two new leases
in Copenhagen converted from management contracts, and the timing of Easter.
The first quarter is seasonally the weakest of the year and EBITDA amounted
to MEUR -0.8 (-2.8). The EBITDA margin increased by 1.0 percentage point to
-0.4% and was positively impacted by Easter.

As mentioned in our 2013 full year report, we concluded another asset
management transaction in January with annual positive effect on EBITDA of ca
MEUR 1.2 as from 2014.

Looking further into 2014, although the economic and political environment
remains uncertain in some markets, forward bookings data is encouraging and
we are confident that we will deliver on our Route 2015 targets.

In order to accelerate the execution of key strategic and profitability
initiatives, the Board of Directors has proposed to the AGM a rights issue of
up to circa MEUR 60. The capital raised from the rights issue will allow
Rezidor to capture additional opportunities within asset management, continue
to invest in the leased hotels at an accelerated rate and further drive
focused growth in emerging markets.

During the quarter, the opening of ca 1,200 rooms was ahead of last year and
we added ca 1,000 rooms to the pipeline. All new rooms signed and opened were
under fee based contracts. Ca 800 managed rooms were converted to leased as
from January 1, 2014."

Wolfgang M. Neumann, President&CEO

Presentation of the Q1 Results

On April 24, 2014 at 9:00 (Central European Time) a combined telephone
conference and live webcast (in English) concerning the report will be
presented by the President&CEO, Wolfgang M. Neumann and Deputy President&CFO,
Knut Kleiven.

To follow the webcast, please visitwww.investor.rezidor.com

-----------------------------------------------------------------------
|To access the telephone conference, please dial: |
| |
|Sweden: +46 (0)8 5065 3933 |
|Sweden toll-free: 0200 883 443 |
|UK: +44 (0)20 3364 5729 |
|UK toll-free: 0800 279 4842 |
|France: +33(0)1 70 48 01 66 |
|France toll-free: 0805 636 389 |
|US: +1 646 254 3371 |
|US toll-free: 1877 280 3488 |
-----------------------------------------------------------------------
Confirmation code:3087821

For a replay of the conference call please visitwww.investor.rezidor.com.

Financial Calendar

Q2 2014 results: July 23, 2014
Q3 2014 results: October 24, 2014

This quarterly report comprises information which Rezidor Hotel Group AB
(publ) is required to disclose under the Securities Markets Act and/or the
Financial Instruments Trading Act. It was released for publication at 07:30
Central European Time on April 24, 2014.

Stockholm April 24, 2014

Wolfgang M. Neumann
President&CEO
Rezidor Hotel Group AB

For Further Information, Contact

Knut Kleiven
Deputy President&CFO
Tel: +32 2 702 9244
Fax: +32 2 702 9330
knut.kleiven@carlsonrezidor.com

Ebba Vassallo
Director, Investor Relations
+32 2 702 9286
+32 2 702 9300
ebba.vassallo@carlsonrezidor.com

The Rezidor Hotel Group Corporate Office
Avenue du Bourget 44
B-1130 Brussels
Belgium
Tel: +32 2 702 9200
Fax: +32 2 702 9300

Website:www.rezidor.com

About the Rezidor Hotel Group

The Rezidor Hotel Group is one of the most dynamic and fastest growing hotel
companies in the world. The group currently features a portfolio of 427
hotels with ca 95,000 rooms in operation and under development in 69
countries across Europe, the Middle East and Africa. Rezidor operates the
core brands Radisson Blu and Park Inn by Radisson as well as Hotel Missoni.

Rezidor is a member of the Carlson Rezidor Hotel Group.

For more information, visitwww.rezidor.com

The full report with tables can be downloaded from the following link:

Rezidors Interim Report January-March 2014
http://hugin.info/142138/R/1779369/608095.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Rezidor Hotel Group via Globenewswire

HUG#1779369

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