Whitbread : Healthy H1 2023-24 results, positive outlook
>H1 figures, above expectations (notably on profitability) - Whitbread released this morning its H1 2023-24 results to the end of August. Group revenues came in at £ 1,574m (up 17% y-o-y vs +20% over the Q1), compared to our estimate of £ 1,542m and the consensus estimate (Visible Alpha) of £ 1,553m. The strong activity in the UK accommodation division continued during the first half, both is London and in the regions with sales ahead of last year, by 24% (+68% vs pre...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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