SSP Group (SSPG)

Sector:

Food Pharmacy Retail

Index:

FTSE 250

166.30p
   
  • Change Today:
    -0.20p
  • 52 Week High: 281.20p
  • 52 Week Low: 165.10p
  • Currency: UK Pounds
  • Shares Issued: 798.07m
  • Volume: 5,430,117
  • Market Cap: £1,327.19m

SSP buys Australia's ARE for undisclosed sum

By Frank Prenesti

Date: Monday 12 Feb 2024

LONDON (ShareCast) - (Sharecast News) - Travel food outlet operator SSP Group on Monday said it had bought Airport Retail Enterprises in Australia for an undisclosed sum.
Founded in 1971, privately-owned ARE is a food and beverage operator, with annualised sales in the region of AUD $200m (£100m) from 62 outlets, principally bars, casual dining restaurants and cafes, across seven Australian airports.

SSP said the acquisition was part of its plan to accelerate growth in the Asia Pacific region and will see the group enhance its presence in Australia.

From 2023 to 2030, international passenger air traffic in Australia is expected to grow by an average of 10% a year, with domestic passenger numbers expected to grow by an annual average of 3-4%.

The acquisition is expected to complete by the end of June, subject to necessary approvals including regulatory clearance and client consents.

Reporting by Frank Prenesti for Sharecast.com



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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 166.30p
Change Today -0.20p
% Change -0.12 %
52 Week High 281.20p
52 Week Low 165.10p
Volume 5,430,117
Shares Issued 798.07m
Market Cap £1,327.19m

SSP Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
54.32% below the market average54.32% below the market average54.32% below the market average54.32% below the market average54.32% below the market average
53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average
Price Trend
67.03% below the market average67.03% below the market average67.03% below the market average67.03% below the market average67.03% below the market average
84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average
Income
54.97% below the market average54.97% below the market average54.97% below the market average54.97% below the market average54.97% 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
88.41% above the market average88.41% above the market average88.41% above the market average88.41% above the market average88.41% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average

What The Brokers Say

Strong Buy 6
Buy 6
Neutral 3
Sell 0
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-May-2024

Time Volume / Share Price
16:44 1,430 @ 166.30p
16:44 2,233 @ 166.30p
16:41 154,714 @ 166.30p
16:35 2,971,116 @ 166.30p
16:35 2,561 @ 166.30p

SSP Group Key Personnel

Chair Mike Clasper
CEO Patrick Coveney

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