Shareholder: "Accor is selling off Dorint"
General meeting of Dorint plc last week in Berlin
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Crisis increases
Augsburg. The results 2005 of German Dorint AG show critical figures: Following an annual net deficit of 27.7 million Euros in 2004, the figure published in this year's report stands at -40 million Euros. The result means that since 2002 the annual net deficits stand at 148.1 million Euros. The state of affairs is even more bitter when one takes into account that turnover, both for the group as well as the plc, has increased. The Dorint Chairman was candid, leaving no doubt that the present situation endangers the existence of Germany's largest hotel company. The report: "The liquidity requirement of the company and the group is covered only till the start of 2007."