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SSP Group PLC (SSPG.L)

SSPG.L on London Stock Exchange

645.00GBp
11 Dec 2019
Change (% chg)

8.00 (+1.26%)
Prev Close
637.00
Open
652.00
Day's High
668.00
Day's Low
641.00
Volume
1,715,223
Avg. Vol
835,609
52-wk High
751.20
52-wk Low
602.00

Latest Key Developments (Source: Significant Developments)

SSP Group Extends Partnership With Tai Cheong Bakery
Friday, 29 Nov 2019 

Nov 29 (Reuters) - SSP Group PLC ::SSP GROUP PLC - EXTENDED ITS PARTNERSHIP WITH HONG KONG BRAND TAI CHEONG BAKERY WITH OPENING OF A NEW UNIT AT TAIPEI CITY HALL STATION.  Full Article

SSP Group Launches 100 Mln STG Share Buyback Programme
Wednesday, 20 Nov 2019 

Nov 20 (Reuters) - SSP Group PLC ::SSP GROUP PLC - SHARE BUYBACK PROGRAMME.SSP GROUP PLC - ANNOUNCES ITS INTENTION TO RETURN UP TO £100 MILLION TO ITS SHAREHOLDERS THROUGH AN ON-MARKET SHARE BUYBACK PROGRAMME.SSP GROUP PLC - BUYBACK PROGRAMME WILL BEGIN IMMEDIATELY AND WILL END NO LATER THAN 20 NOVEMBER 2020..SSP GROUP PLC - SOLE PURPOSE OF BUYBACK PROGRAMME IS TO REDUCE COMPANY'S ISSUED SHARE CAPITAL..  Full Article

SSP Group Says FY Final Dividend Of 6.0 Pence Per Share And Announces £100 Mln Share Buyback
Wednesday, 20 Nov 2019 

Nov 20 (Reuters) - SSP Group PLC ::FULL YEAR RESULTS.FY UNDERLYING OPERATING PROFIT OF £221.1M: UP 12.1% AT CONSTANT CURRENCY, AND 13.3% AT ACTUAL EXCHANGE RATES.FY REVENUE OF £2,794.6M: UP 7.8% AT CONSTANT CURRENCY, AND 9.0% AT ACTUAL EXCHANGE RATES.FY STRONG NET GAINS OF 5.6%: DRIVEN BY NORTH AMERICA AND CONTINENTAL EUROPE.FY UNDERLYING PROFIT BEFORE TAX OF £203.2M: UP 10.2%. REPORTED PROFIT BEFORE TAX OF £197.2M, UP 7.8.FY FINAL DIVIDEND OF 6.0 PENCE PER SHARE, BRINGING FULL YEAR ORDINARY DIVIDEND TO 11.8 PENCE PER SHARE."ENCOURAGING PIPELINE, WITH SIGNIFICANT NEW CONTRACTS UNDERPINNING FUTURE GROWTH" IN FY."CONTINUE TO GROW OUR BUSINESS IN NORTH AMERICA, AND HAVE MADE GOOD PROGRESS EXPANDING IN CONTINENTAL EUROPE".ANNOUNCES SHARE BUYBACK OF UP TO £100M.FY LIKE-FOR-LIKE SALES UP 1.9%: DRIVEN BY GROWTH IN PASSENGER NUMBERS, BOTH IN AIR AND RAIL.FY STATUTORY PROFIT BEFORE TAX 197.2 MILLION STG, UP 7.8%.IN 2020, EXPECTATION IS FOR NET GAINS OF BETWEEN 4% AND 5%.LOOKING AHEAD TO 2020, NEW FY HAS STARTED IN LINE WITH EXPECTATIONS AND REMAIN CONFIDENT OF DELIVERING ANOTHER YEAR OF "STRONG" GROWTH.FY UK (INCLUDING REPUBLIC OF IRELAND) REVENUE AT 840.5 MILLION STG, UP 5.3% CONSTANT CURRENCY.FY CONTINENTAL EUROPE REVENUE AT 1,036.9 MILLION STG, UP 6.7% CONSTANT CURRENCY.  Full Article

SSP Group Appoints Mike Clasper To Succeed Vagn Sørensen As Chairman
Friday, 1 Nov 2019 

Nov 1 (Reuters) - SSP Group PLC ::SSP GROUP PLC - BOARD CHANGES.SSP GROUP PLC - APPOINTMENT OF MIKE CLASPER TO SUCCEED VAGN SØRENSEN AS CHAIRMAN.SSP GROUP PLC - MIKE WILL JOIN SSP BOARD AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR AND CHAIRMAN DESIGNATE OF CO.  Full Article

SSP Group Affirms FY19 Guidance
Thursday, 26 Sep 2019 

Sept 26 (Reuters) - SSP Group PLC ::PRE CLOSE TRADING UPDATE.GUIDANCE FOR FY19 REMAINS UNCHANGED.QTRLY LIKE-FOR-LIKE SALES GROWTH OF APPROXIMATELY 1.8% AND NET CONTRACT GAINS OF APPROXIMATELY 6.0%.QTRLY GROUP REVENUE IS EXPECTED TO INCREASE BY APPROXIMATELY 7.8%.TRENDS SEEN IN LIKE-FOR-LIKE SALES GROWTH IN Q3 HAVE CONTINUED INTO Q4.IN UK, AIR SECTOR HAS BEEN FAIRLY RESILIENT OVER Q4, WHILE RAIL HAS REMAINED SOFTER.IN NORTH AMERICA, LIKE-FOR-LIKE SALES GROWTH HAS BEEN AFFECTED THROUGHOUT QUARTER BY GROUNDING OF BOEING MAX 737 AIRCRAFT.IN NORTH AMERICA, QTRLY LIKE-FOR-LIKE SALES GROWTH ALSO AFFECTED BY TRANSFER OF PASSENGERS AWAY FROM OUR TERMINALS AT SOME AIRPORTS.FOR FULL YEAR WE EXPECT LIKE-FOR-LIKE SALES GROWTH FOR GROUP TO BE JUST BELOW 2.0%..NET CONTRACT GAINS FOR FULL YEAR ARE EXPECTED TO BE JUST ABOVE OUR PREVIOUS EXPECTATIONS, AT AROUND 5.5%.  Full Article

SSP Group Secures Contract Worth About 40 Mln STG To Open Food Hall At Brisbane Airport
Friday, 6 Sep 2019 

Sept 6 (Reuters) - SSP Group PLC ::SSP GROUP PLC - SECURED A SEVEN-YEAR CONTRACT WORTH CIRCA. £40M TO OPEN A NEW INTERNATIONAL FOOD HALL AT BRISBANE AIRPORT.  Full Article

SSP Group Says HY Underlying Pretax Profit Up 11.3% to 54.2 Mln Pounds
Wednesday, 15 May 2019 

May 15 (Reuters) - SSP Group PLC ::HY REVENUE OF £1,261.6M: UP 6.8% AT CONSTANT CURRENCY; 7.1% AT ACTUAL EXCHANGE RATES.HY LIKE-FOR-LIKE SALES(3) UP 2.0%: DRIVEN BY AIR PASSENGER TRAVEL AND RETAIL INITIATIVES.HY UNDERLYING PROFIT BEFORE TAX OF £54.2M: UP 11.3%. REPORTED PROFIT BEFORE TAX OF £51.4M.INTERIM DIVIDEND OF 5.8 PENCE PER SHARE.RAISING OUR EXPECTATIONS FOR NET GAINS IN SECOND HALF OF YEAR.SECOND HALF HAS STARTED WELL.IN FULL YEAR WE EXPECT CAPITAL SPEND IN REGION OF £160M.ANTICIPATING LIKE-FOR-LIKE SALES TO BE AROUND 2% FOR FY.INCREASE OF ABOUT £15M FOR CAPITAL SPEND REFLECTS AN INCREASE IN OUR EXPECTATIONS FOR NET GAINS FROM 3% TO BETWEEN 4% AND 5% FOR FULL YEAR.FOR FULL YEAR WE ANTICIPATE A NORMAL CASH INFLOW AS A CONSEQUENCE OF AN INCREASE IN NEGATIVE WORKING CAPITAL IN BUSINESS.HY STATUTORY OPERATING PROFIT 61.6 MILLION STG VERSUS 54.2 MILLION STG REPORTED A YEAR EARLIER.  Full Article

SSP Group Secures 8-Yr Contract Worth Around 203 Mln Euros
Monday, 15 Apr 2019 

April 15 (Reuters) - SSP Group Plc ::SECURED AN EIGHT-YEAR CONTRACT WORTH CIRCA EUR 203 MILLION TO OPEN SEVEN FOOD AND BEVERAGE UNITS AT ALICANTE-ELCHE AIRPORT.  Full Article

SSP Germany Expands Partnership With DB Station&Service
Thursday, 21 Mar 2019 

March 21 (Reuters) - SSP Germany ::SSP GERMANY - EXPANDING PARTNERSHIP WITH DB STATION&SERVICE AFTER SIGNING MORE THAN 60 NEW LEASES AND EXTENDING EXISTING CONTRACTS WITH THE COMPANY.SSP GERMANY - SIGNED A FRANCHISE AGREEMENT FOR SERVICESTORE DB UNDER THE NEW DEAL.SSP GERMANY - SSP WILL WORK IN PARTNERSHIP WITH SERVICESTORE DB TO OPERATE CONVENIENCE STORES AT APPROXIMATELY 40 TRAIN STATIONS.  Full Article

SSP Group Says 66 Pct Votes At AGM Cast In Favour Of Directors' Remuneration Report
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - SSP Group PLC ::66 PERCENT VOTES AT AGM CAST IN FAVOUR OF DIRECTORS' REMUNERATION REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2018.SSP GROUP- FOLLOWING VOTE, BOARD AND CHAIRMAN WILL REVIEW PORTFOLIO OF APPOINTMENTS WITH TO CONSIDER ADDRESSING CONCERNS RAISED BY SHAREHOLDERS.EXPECT TO SEEK SHAREHOLDER APPROVAL FOR A NEW REMUNERATION POLICY AT OUR AGM IN 2021 IN LINE WITH NORMAL CYCLE FOR RENEWAL.  Full Article

Britain's SSP posts higher revenue, flags hit from Boeing 737 MAX grounding

British travel-food company SSP Group Plc posted higher quarterly revenue on Friday, but said some of its operations in North America were hit by flight cancellations following the grounding of Boeing's 737 MAX aircraft.