Safestay CFO discusses FY19 results and outlook post COVID-19 lockdown
11:47, 3rd June 2020
Justin Waite
Q&A
Safetstay (SSTY) CFO Hervé Deligny provides an update on the recent FY2019 results to 31 December published here on the 29 May.
Hervé looks back to discuss how the business achieved 60% CAGR growth from FY14 to FY19 with sustained like-for-like growth through FY19 on both an absolute and like-4-like basis.
Of particular interest to investors will be how the Company plans to re-open its Hostels, when permitted, with the first Hostel now open in Berlin, whilst proving and improving many of the processes required to open the rest of the portfolio over the coming months.
Concluding, Hervé highlights his roadmap to achieving his long-term target of 15% Return on Equity.
Hervé looks back to discuss how the business achieved 60% CAGR growth from FY14 to FY19 with sustained like-for-like growth through FY19 on both an absolute and like-4-like basis.
Of particular interest to investors will be how the Company plans to re-open its Hostels, when permitted, with the first Hostel now open in Berlin, whilst proving and improving many of the processes required to open the rest of the portfolio over the coming months.
Concluding, Hervé highlights his roadmap to achieving his long-term target of 15% Return on Equity.
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