Whitbread : Ahead in its recovery phase, return to pre-Covid situation is within reach
>An excellent set of annual results - Whitbread’s annual results topped expectations for both the top line and EBIT, even though, a significant outperformance vs the sector had already been anticipated. Pre-Covid levels are now looming -18% vs FY 2020 on revenues and should be reached as early as FY 2023e. Business rebounded strongly again in Q4 (to end-February) in a context where hotel demand remains very robust (driven by local demand) and where restrictions in the...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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