Whitbread : An uninspiring H1 on the cards despite strong growth in hotels
>Group margins set to remain under pressure - Whitbread is due to report its half-yearly results (to end-August) on 23 October before the market opens. The numbers will likely reflect a mixed context for the group. Indeed, Whitbread’s hotel division (77% of 2018/19e EBIT) should benefit from a robust hotel market in the UK (particularly in London, thanks to the international client base), as reflected in the market figures (RevPars up 4.7% according to STR, with two-t...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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