Whitbread : Half year figures a shade below expectations, £100m new share buyback program
>Half-year figures slightly below expectations - Whitbread released this morning its H1 2024-25 results to the end of August. Group revenues came in at £ 1.57bn (virtually flat y-o-y), compared to our estimate of £ 1.59bn and the consensus estimate (i.e. StreetAccount) of £ 1.58bn. The UK accommodation division continue to struggle with sales flat vs. last year (compared to +0.3% in Q1). RevPAR in the UK in H1 decreased 1.5% y-o-y, vs. -1.6% in Q1, fully explained by...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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