Davy analyst Colin Grant has said that Dalata Hotel Group could experience an "elongated period of recovery" before it returns to pre-COVID-19 trading levels.
Free Cashflow Positive And Recovery Forecast
As reported by The Irish Examiner, Davy, which is an Ireland's stockbroker, wealth management, asset management and financial advisory firm, has forecast that Dalata will be free cashflow positive in 2021 and experience substantial recovery in 2022.
"Forecast Error Remain Extremely High"
However, Davy warned that "the forecast error remains extremely high".
© 2020 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.
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