Whitbread : H1 preview: good news expected in Q2, the resurgence of Covid cases in the UK should not have a major impact
>We hope for a pick-up in activity from Q2 - Whitbread is due to publish its H1 2021-22 results (to end-August) on 26 October before the market opens. The group’s Q1 figures were generally encouraging with the network open 98% in the UK and hotel revenues down 61% vs 2019, outperforming mid-range/budget hotels in the country by 110bp. More importantly, the management had a positive message on recent business trends, notably as of 17 May, when restrictions were lifted ...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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