Report
Fehmi Ben Naamane ...
  • Matthias Desmarais

Whitbread : Une surperformance appréciable au T2, qui conforte notre opinion positive sur le titre

>Amélioration forte de l’activité au T2 - Les résultats semestriels de Whitbread ont apporté les bonnes surprises qu’on attendait. Ils reflètent une amélioration forte de l’activité au T2, avec des niveaux de revenus quasiment en ligne avec les chiffres pré-crise. On savait que la demande hôtelière a été particulièrement robuste au Royaume-Uni après l’allègement des restrictions, mais on n’attendait pas un tel rebond. Cela étant, le T2 est un trimestre exposé quasi ex...
Underlying
Whitbread PLC

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Fehmi Ben Naamane

Matthias Desmarais

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