Whitbread : H1 2023 earnings preview: a robust performance expected
>H1 2023 preview: a robust performance expected - For its H1 2023 at end-August, Whitbread is expected to report a robust operating performance, driven by the brisk hotel demand in the UK. We forecast group revenues at £ 1,542m for the half-year, up 14% y-o-y (and by 42% vs H1 2019), vs +20% in Q1, namely a slowdown in Q2 related to base effects (we expect y-o-y revenue growth at just +10%). Group EBIT is expected at £ 401m over the half-year, a margin of 26.0% (vs +2...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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