Whitbread : An 80% decline in organic growth in Q1; a timorous resumption of activity
>An 80% decline in revenues in Q1 - This morning, Whitbread published a trading update on Q1, to end-May, which implies an almost total impact from the ongoing pandemic. This comes as no surprise, with the operational performance heavily impacted by the effects of COVID-19 and the massive closure of hotels in the UK. Organic growth was down by close to 80% over the quarter (F&B and hotels both down 80%).A timorous resumption of activity - The hotel a...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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