SSP Group (SSPG)

Sector:

Food Pharmacy Retail

Index:

FTSE 250

198.10p
   
  • Change Today:
      1.40p
  • 52 Week High: 281.20
  • 52 Week Low: 179.50
  • Currency: UK Pounds
  • Shares Issued: 798.07m
  • Volume: 357,040
  • Market Cap: £1,580.98m

SSP expands North America presence with MCE buy

By Frank Prenesti

Date: Thursday 04 May 2023

LONDON (ShareCast) - (Sharecast News) - Travel outlet food operator SSP Group said it was expanding its North America operations through the acquisition of the concessions business of Midfield Concession Enterprise for an undisclosed sum.


The deal will give the Upper Crust owner 40 new units at seven airports, expanding its total presence on the continent to more than 30 of the 80 largest airports in the USA, including for the first time at Detroit Metropolitan Wayne County, Denver International, Philadelphia International and Cleveland Hopkins International.

SSP added that the deal would also expand operations at Minneapolis St Paul International, San Francisco International and Newark Liberty International.

The acquisition is expected to complete in late Summer, subject to all necessary approvals, and is expected to contribute an additional $100m to SSP's North America sales on an annualised basis.

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 198.10p
Change Today 1.40p
% Change 0.71 %
52 Week High 281.20
52 Week Low 179.50
Volume 357,040
Shares Issued 798.07m
Market Cap £1,580.98m

SSP Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.05% below the market average75.05% below the market average75.05% below the market average75.05% below the market average75.05% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average
Price Trend
13.78% below the market average13.78% below the market average13.78% below the market average13.78% below the market average13.78% 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
Income
78.72% below the market average78.72% below the market average78.72% below the market average78.72% below the market average78.72% below the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average
Growth
87.94% above the market average87.94% above the market average87.94% above the market average87.94% above the market average87.94% 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
  Final Final
Ex-Div 01-Feb-24 05-Mar-20
Paid 29-Feb-24 04-Jun-20
Amount 2.50p 6.00p

Trades for 29-Apr-2024

Time Volume / Share Price
15:59 401 @ 198.40p
15:57 1,095 @ 198.10p
15:57 401 @ 198.20p
15:57 141 @ 198.20p
15:57 54 @ 198.10p

SSP Group Key Personnel

Chair Mike Clasper
CEO Patrick Coveney

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