Whitbread : Significant outperformance in Q2 backs our positive stance on the share
>Strong improvement in activity in Q2 - Whitbread’s first-half results yielded the positive surprises we expected. They reflect a strong improvement in business in Q2, with revenues practically in line with pre-crisis levels. We knew that hotel demand was particularly robust in the UK after the restrictions were lifted but we did not expect such a rebound. That said, Q2 is a quarter almost exclusively exposed to leisure demand, and in this respect staycations played a...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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