Whitbread delivered a better-than-expected FY21 adjusted pre-tax loss despite a weaker-than-expected revenue, demonstrating an improved cost base. The budget hotel leader now expects FY22 to take advantage of a staycation bounce in the UK this summer and further cost efficiency, but forecasts enlarged losses in Germany.
27 Apr 2021
Improved cost management, staycation hopes
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Improved cost management, staycation hopes
Whitbread PLC (WTB:LON) | 3,334 1033.5 0.9% | Mkt Cap: 6,151m
- Published:
27 Apr 2021 -
Author:
Yi Zhong -
Pages:
3
Whitbread delivered a better-than-expected FY21 adjusted pre-tax loss despite a weaker-than-expected revenue, demonstrating an improved cost base. The budget hotel leader now expects FY22 to take advantage of a staycation bounce in the UK this summer and further cost efficiency, but forecasts enlarged losses in Germany.