Whitbread delivered robust H1 15 figures, in line with our expectations. Revenue rose by 3.6% LFL, fuelled by Premier Inn (+5%) and Costa (+4.4% LFL in UK stores) while Restaurants were stagnant (+0.1% in sales LFL) within a dull pub restaurant environment. Premier Inn (sales up 12.6% reportedly, +5% LFL in the UK) showed a 4.6% rise in RevPAR backed by elevated occupancy (83.7%) and an 8% rise in rooms available (7 new hotels opened in the UK). The UK Regions performed strongly (+10.5% in sa

26 Oct 2015
Strong Q3 15, ADD maintained

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Strong Q3 15, ADD maintained
Whitbread PLC (WTB:LON) | 2,988 776.9 0.9% | Mkt Cap: 6,038m
- Published:
26 Oct 2015 -
Author:
Bérénice Lacroix -
Pages:
3 -
Whitbread delivered robust H1 15 figures, in line with our expectations. Revenue rose by 3.6% LFL, fuelled by Premier Inn (+5%) and Costa (+4.4% LFL in UK stores) while Restaurants were stagnant (+0.1% in sales LFL) within a dull pub restaurant environment. Premier Inn (sales up 12.6% reportedly, +5% LFL in the UK) showed a 4.6% rise in RevPAR backed by elevated occupancy (83.7%) and an 8% rise in rooms available (7 new hotels opened in the UK). The UK Regions performed strongly (+10.5% in sa