Whitbread(US:WTBDY)2024-04-30 15:40Financial Performance - FY24 revenue reached £3.0 billion, a 13% increase compared to FY23[3] - Profit before tax increased by 36% to £561 million in FY24 compared to FY23[3] - UK pre-tax margins were 21.2% in FY24, a 160bps increase compared to FY23[3] - UK ROCE was 15.5% in FY24, a 260bps increase compared to FY23[3] - Adjusted EBITDAR was £1.1 billion in FY24, a £0.2 billion increase compared to FY23[3] UK Market - UK accommodation sales saw a 15% increase compared to FY23[11] - UK RevPAR increased by 11% compared to FY23[11] - Premier Inn's occupancy performance was +3.8pp vs M&E[12] - Premier Inn's ARR performance was +£5.95 vs M&E[14] Germany Market - Germany's statutory revenue increased by 62% to £190 million in FY24 compared to FY23's £118 million[16] - Germany's adjusted EBITDAR increased by 462% to £42 million in FY24 compared to FY23's £7 million[16] - Germany has 10,506 rooms, a 16% increase compared to FY23's 9,042 rooms[16] Capital Allocation and Returns - A £150 million share buy-back program was implemented[3] - The dividend payout was £115 million[3] - The company plans to invest £1.1 billion in committed capital with target returns of 10-14%[5] - A new £150 million efficiency program is planned[5]