SSP Group (SSPG)

Sector:

Food Pharmacy Retail

Index:

FTSE 250

155.90p
   
  • Change Today:
      1.10p
  • 52 Week High: 240.20p
  • 52 Week Low: 144.50p
  • Currency: UK Pounds
  • Shares Issued: 798.50m
  • Volume: 5,281
  • Market Cap: £1,244.85m
  • Beta: 1.63

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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SSP Group Market Data

Currency UK Pounds
Share Price 155.90p
Change Today 1.10p
% Change 0.71 %
52 Week High 240.20p
52 Week Low 144.50p
Volume 5,281
Shares Issued 798.50m
Market Cap £1,244.85m
Beta 1.63

SSP Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
57.62% below the market average57.62% below the market average57.62% below the market average57.62% below the market average57.62% 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
49.28% below the market average49.28% below the market average49.28% below the market average49.28% below the market average49.28% below the market average
27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average
Income
59.4% below the market average59.4% below the market average59.4% below the market average59.4% below the market average59.4% 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
89.67% above the market average89.67% above the market average89.67% above the market average89.67% above the market average89.67% 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 22-Nov-2024

Time Volume / Share Price
08:30 126 @ 155.90p
08:14 12 @ 156.60p
08:14 12 @ 156.50p
08:12 81 @ 156.20p
08:11 124 @ 155.60p

SSP Group Key Personnel

Chair Mike Clasper
CEO Patrick Coveney

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