SSP Group (SSPG)

Sector:

Food Pharmacy Retail

Index:

FTSE 250

161.30p
   
  • Change Today:
    -5.60p
  • 52 Week High: 240.20
  • 52 Week Low: 144.50
  • Currency: UK Pounds
  • Shares Issued: 798.50m
  • Volume: 1,643,175
  • Market Cap: £1,287.97m

SSP hails strong start to year, backs FY guidance

By Michele Maatouk

Date: Thursday 16 Feb 2023

LONDON (ShareCast) - (Sharecast News) - Upper Crust owner SSP backed its full-year guidance on Thursday as it hailed a strong start to the year, with revenues ahead of pre-pandemic levels amid a further recovery in the travel industry.
The company, which operates food and drink outlets at train stations and airports, reported group revenues of £871m for the four months to the end of January 2023, up 103% versus 2019 and 167% compared to a year earlier.

SSP put the revenue performance down to further recovery in passenger numbers, led by strong leisure travel demand over the extended holiday season.

"This momentum continued through the autumn and into the winter, demonstrating a resilience to the broader pressures on consumer spending," it said. "Business and commuter travel also continued to recover, albeit at a slower pace.

"We have continued to make progress extending and renewing contracts as well as winning new business, including in North America as well as in India, Malaysia and Thailand, to augment our strong pipeline. Approximately two thirds of sales from net new business openings in our secured pipeline are expected to come from the North America and Rest of World regions."

SSP said it was on track to meet its 2023 guidance for revenues of between £2.9bn and £3bn and EBITDA of £250m to £280m, as strong trading across other regions offsets the impact of UK rail strike action.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

SSP Group Market Data

Currency UK Pounds
Share Price 161.30p
Change Today -5.60p
% Change -3.36 %
52 Week High 240.20
52 Week Low 144.50
Volume 1,643,175
Shares Issued 798.50m
Market Cap £1,287.97m

SSP Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
66.6% below the market average66.6% below the market average66.6% below the market average66.6% below the market average66.6% below the market average
63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average
Price Trend
50.63% below the market average50.63% below the market average50.63% below the market average50.63% below the market average50.63% below the market average
63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average
Income
68.41% below the market average68.41% below the market average68.41% below the market average68.41% below the market average68.41% below the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average
Growth
90.02% above the market average90.02% above the market average90.02% above the market average90.02% above the market average90.02% above the market average
83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average

What The Brokers Say

Strong Buy 5
Buy 6
Neutral 3
Sell 1
Strong Sell 0
Total 15
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SSP Group Dividends

  Latest Previous
  Interim Final
Ex-Div 30-May-24 01-Feb-24
Paid 28-Jun-24 29-Feb-24
Amount 1.20p 2.50p

Trades for 31-Oct-2024

Time Volume / Share Price
16:38 51,270 @ 161.30p
16:37 43,453 @ 161.30p
16:37 7,817 @ 161.30p
16:35 1,732 @ 161.30p
16:35 509 @ 161.30p

SSP Group Key Personnel

Chair Mike Clasper
CEO Patrick Coveney

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