Whitbread : Good quality Q3, little impact from Omicron for now - Still Outperform
>Impressive outperformance in UK - Whitbread this morning issued its Q3 trading update (13 weeks to 25 November) and the figures are excellent, with UK hotel revenues up 10.6% compared to the figures for 2019 (in organic terms, the change is positive at +5.5%). At the group level (including F&B), revenues (in reported terms) are up 5% (-1.3% in organic terms). This reflects the outperformance of the UK market in the recovery, compared to the various European hotel mar...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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