Whitbread : Full-year results contained no major surprises
>Annual results largely penalised by the context - Whitbread released its full year results for the financial year to end-February 2021 this morning, which came in below expectations on revenue but ahead of expectations on EBIT. The group reported revenues down 71% y-o-y to £ 589m (vs £ 2,062m in 2019-20), 6% below consensus expectations. Group adjusted EBIT is negative to the tune of -£ 487m (consensus at -£ 549m) vs £ 487m in FY 2019-20. The cost cutting effort rema...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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