Whitbread : Strong H1 2022-23 figures - margins under pressure in H2
>Good H1 results; a shade above expectations (on EBIT) - Whitbread released its H1 2022-23 results to end-August this morning. Group revenues came in at £ 1,350m, vs our estimate of £ 1,375m and the Visible Alpha consensus of £ 1,302m. The strong recovery in UK accommodation sales continued in the first half, and while F&B sales remained challenging and 5% behind pre-pandemic levels, total UK revenue almost doubled to £ 1,298.0m (H1 FY22: £ 650.6m). The growth in...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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