Whitbread : Looking beyond the figures, there are several takeaways from this release to support our positive rating on the stock
>H1 numbers virtually in line with expectations - Whitbread’s H1 operating performances were almost in line with expectations, bearing in mind the virtual absence of revenue for two-thirds of the six-month period. Profitability was obviously substantially impacted but cost optimisation efforts provided welcome support. Looking beyond these considerations, several key takeaways stand out from this release in our view. 1st takeaway: hotel demand is still th...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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