Whitbread PLC
LSE:WTB

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Whitbread PLC
LSE:WTB
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Price: 2 560 GBX 2.4% Market Closed
Market Cap: 4.3B GBX

Whitbread PLC
Investor Relations

In the bustling realm of the British hospitality industry, Whitbread PLC stands as a storied legacy, its roots tracing back to the 18th century when it began as a brewer. Fast forward to the modern day, and Whitbread has gracefully pivoted to become a hospitality juggernaut. Central to its current business model is Premier Inn, the United Kingdom's largest hotel brand, which caters primarily to business travelers and budget-conscious guests seeking dependable accommodations. Whitbread has cleverly combined strategic locations and competitive pricing with a reputation for quality. This synergy ensures that Premier Inn remains a top choice for travelers, providing a steady stream of revenue through its extensive network of hotels across the UK and in strategically selected international locations.

Whitbread doesn't confine its ambitions solely to lodging. The company has expanded its portfolio to include a variety of dining experiences, with restaurants such as Beefeater, Brewer's Fayre, and Bar+Block, complementing its accommodation offerings. These restaurant brands serve as a dual strategy: enhancing the guest experience at Premier Inns and generating additional revenue streams through standalone locations. By focusing on operational efficiency and customer satisfaction, Whitbread capitalizes on its brand power and scale, weaving a coherent strategy that ensures guest loyalty and robust economic performance. This approach to integrating hospitality and dining has allowed Whitbread to carve a distinctive niche, balancing tradition with an innovative drive that keeps it competitive in the ever-evolving hospitality sector.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Oct 16, 2025
AI Summary
Q2 2026

UK Market Outperformance: Whitbread maintained its outperformance versus the UK hotel market in the first half, driven by strong guest proposition and commercial initiatives.

Germany Progress: The company continues to grow in Germany, reducing losses and remains on track to achieve profitability in full year 2026, though profit guidance has been moderated due to softer Q2 demand.

Cost Efficiencies: Despite inflation, UK operating costs fell by 3% and cost savings guidance for the year was raised to GBP 65–70 million.

Shareholder Returns: GBP 182 million was returned to shareholders in the period, and Whitbread remains on track to return GBP 2 billion by full year 2030 via buybacks and dividends.

Strategic Growth Plan: The Accelerating Growth Plan remains on track, aiming for 98,000 UK and Ireland rooms by 2030 and GBP 220 million incremental profit.

Current Trading: Positive trading momentum continued in both the UK and Germany into the current period, with forward bookings ahead of last year.

Property Recycling: Whitbread expects GBP 250–300 million in property proceeds this year and has increased total estate valuation since 2018.

Key Financials
Group Adjusted EBITDA
GBP 0.6 billion
Adjusted Profit Before Tax
GBP 316 million
Statutory Profit Before Tax
GBP 287 million
UK Return on Capital Employed
11.8%
Free Cash Flow
GBP 102 million
Shareholder Returns
GBP 182 million
Efficiency Savings
GBP 43 million (H1)
Net Debt
GBP 563 million
Lease-adjusted Leverage
3.2x
CapEx
GBP 328 million (gross), GBP 233 million (net)
Property Disposal Proceeds
GBP 95 million (year-to-date), GBP 120 million including restaurants
Germany Adjusted Loss Before Tax
GBP 3 million loss
Germany EBITDA
GBP 37 million
UK Occupancy
81% (H1)
Average Room Rate (UK)
GBP 86
Total Accommodation Sales (UK)
GBP 1.1 billion
Interim Dividend Per Share
unchanged from last year
Estate Valuation
GBP 5.5–6.4 billion
Number of New UK Rooms Expected to Open (FY26)
1,000–1,200
Germany New Rooms Expected to Open (FY26)
400
Share Buyback
GBP 250 million announced
Earnings Call Recording
Other Earnings Calls

Management

Mr. Dominic J. Paul
CEO & Director
No Bio Available
Mr. Hemantkumar Kiribhai Patel M.B.E.
CFO & Director
No Bio Available
Mr. Peter Reynolds
Director of Investor Relations
No Bio Available
Ms. Caroline Emma Roberts Thomas M.A.
General Counsel & Company Secretary
No Bio Available
Ms. Rachel M. Howarth
Chief People Officer
No Bio Available
Mr. Simon Ewins
Managing Director of UK Hotels & Restaurants
No Bio Available
Mr. Mark Anderson M.B.A.
Managing Director of Property & International
No Bio Available
Mr. Joe Garrood
Chief Commercial Officer
No Bio Available
Iain Strachan
Director of Financial Reporting, Control & Treasury
No Bio Available
Mr. Erik Friemuth
Chief Executive officer of Premier Inn Germany
No Bio Available

Contacts

Address
BEDFORDSHIRE
Dunstable
Whitbread Court, Houghton Hall Business Park, Porz Avenue
Contacts
+441582424200.0
www.whitbread.co.uk