Report
Fehmi Ben Naamane ...
  • Matthias Desmarais

Whitbread : De très bonnes surprises au T2 ; surperformance réitérée

>Une forte reprise au T2 - Whitbread publie ce matin ses résultats semestriels 2021/22 à fin août. Les revenus groupe ressortent à 662 M£, contre notre estimation à 628 M£ et celle du consensus à 682 M£. Ceci fait ressortir une reprise spectaculaire au T2, avec des revenus de l’hôtellerie au Royaume-Uni en baisse de seulement 9.6% par rapport à 2019, contre -61% au T1. C’est donc une accélération, comme nous l’attendions, tirée par la demande domestique loisir et elle...
Underlying
Whitbread PLC

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Fehmi Ben Naamane

Matthias Desmarais

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