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Whitbread - Now targeting 85,000 hotel rooms by 2020

June 2015

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • WTB
  • Price:
  • 5250p
Few FTSE-100 firms can hold a candle to the growth experienced by Whitbread at the moment, so it’s not surprising that the shares touched a high of 5475p at one point. Fanning the flames was the unveiling of a  new “milestone” target to increase the number of Premier Inn rooms from the current 59,138 to 85,000 rooms in 2020 (extending previous targets to reach 65,000 in 2016 and 75,000 in 2018). Likewise management have increased their target for Costa Coffee sales from the current £1.4bn to £2.5bn by 2020, superseding an old target for £2bn by 2018.Final results for the year ended 26 February 2015 were at the top end of expectations with sales +14% to £2.6bn, pretax profit +18.5% to & ...

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