BANGKOK— Accor’s results for 2001 exceeded forecasts and outperformed the group’s international competitive set, with profits before tax amounting to $758 million, compared with a post-9/11 forecast of $700 – $750 million. Also, earnings per share rose to $2.40 versus a previously estimated $2.30. Shareholders will be asked to approve a dividend, before tax credit, of $1.05, an increase of 5% on the prior year. The geographic balance and diversified nature of Accor’s business portfolio helped to offset the negative impact of events on luxury hotels and on U.S. demand. Economy hotels in Europe and services had a particularly good year, with profit before tax gaining 12.2% and 42.9% respectively.
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