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Friday 22 November 2024
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GLOBAL NEWS – Whitbread reports double digit sales growth

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The Group remains in a strong financial position. We have signed an amendment to our £650 million syndicated bank facility, extending its maturity by two years to 4 November 2018 and introducing an option to extend it by a further two years beyond that date, with the consent of the banks at the time.

Notes:

Whitbread site detail

*¹ Like for like sales stated Pre IFRIC 13 adjustment for Premier Inn – UK and Ireland, Costa and Restaurants – UK. Post IFRIC 13 for the 50 weeks to 13th February 2014 Premier Inn like for like sales would be 0.1% lower and total sales 0.1% lower.  Restaurant like for like sales would be the same and total sales the same.  Costa like for like sales would be 0.3% lower, total sales 0.1% lower and total system sales 0.1% lower.

*2 Premier Inn total sales includes UK & International; all other Premier Inn numbers included in this statement relate to UK & Ireland only unless otherwise stated.

*3 Hotel market performance data collected by STR Global for the UK Midscale and Economy segment comprising of on average 126,250 daily participants.

Conference call for analysts and investors

Andy Harrison and Nicholas Cadbury will be available for a conference call at 8.00am today. To participate, dial 0800 0738 965 and enter Conference ID: 1288174

For international participants dial +44 (0) 1452 560 304

A recording of the conference call will be available until the 11th March 2014.  To listen, dial 08717 000 145 and enter the passcode 1288174.  International +44 (0) 1452 550 000.

This service will be active approximately two hours after the conference call has finished.

Source: Whitbread PLC

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