Whitbread : 2020 results in line, capital increase announced (with a marked discount). Buy maintained
>FY 2020 results in line with expectations - Results for FY 2020 to end-February, were broadly in line with forecasts and contained no surprises given that the impacts of the current crisis came after the end of the group’s financial year and that management had already announced that the performance was in line with its expectations. Group revenues were £ 2,072m, up 1% with group RevPAR down 4.3% in the UK, which was nonetheless anticipated given that momentum was al...Whitbread is a hospitality company. Co. serves its customers in the U.K. and beyond through its two businesses: Premier Inn and Restaurants; and Costa. Premier Inn is a hotel business, with over 760 hotels and more than 68,000 rooms as of Mar 2 2017. Co.'s hotel are located alongside its own restaurant brands. Co. also have hotels in the Middle East, and Germany, with more hotels in the pipeline. Costa is the coffee shop, with over 2,200 coffee shops in the U.K., over 1,300 stores in 29 international markets and over 6,800 Costa Express self-serve units as of Mar 2 2017.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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