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SSP Group PLC (SSPG.L)

SSPG.L on London Stock Exchange

663.00GBp
17 Oct 2019
Change (% chg)

10.00 (+1.53%)
Prev Close
653.00
Open
657.00
Day's High
679.00
Day's Low
649.00
Volume
1,027,848
Avg. Vol
844,279
52-wk High
751.20
52-wk Low
602.00

Latest Key Developments (Source: Significant Developments)

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

SSP Group Proposes Special Dividend Payment Be Accompanied By Share Consolidation
Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - SSP Group PLC ::PROPOSED THAT PAYMENT OF SPECIAL DIVIDEND BE ACCOMPANIED BY A CONSOLIDATION OF COMPANY'S ORDINARY SHARE CAPITAL.SHAREHOLDERS WILL RECEIVE 20 NEW ORDINARY SHARES FOR EVERY 21 EXISTING ORDINARY SHARES HELD AT 6.00 P.M. ON 12 APRIL 2019.NEW ORDINARY SHARES TO HAVE DIFFERENT NOMINAL VALUE, THEY WILL CARRY SAME RIGHTS AS CURRENTLY ATTACH TO EXISTING ORDINARY SHARES.  Full Article

SSP Group Says ‍Q1 Total Group Revenue Up By 13.5 Pct On Constant Currency Basis​
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - SSP Group Plc ::‍Q1 TOTAL GROUP REVENUE INCREASED BY 13.5% ON A CONSTANT CURRENCY BASIS​.Q1 LIKE-FOR-LIKE SALES GROWTH IN UK AND CONTINENTAL EUROPE WAS IN LINE WITH EXPECTATIONS.‍Q1 LIKE-FOR-LIKE SALES GROWTH OF 2.7%​.‍IN NORTH AMERICA Q1 SALES WERE DRIVEN BY ROBUST PASSENGER GROWTH​.‍"NEW FINANCIAL YEAR HAS STARTED WELL AND PIPELINE OF NEW CONTRACTS IS ENCOURAGING"​.ANTICIPATE NET CONTRACT GAINS FOR GROUP, INCLUDING IMPACT OF TFS, TO BE APPROXIMATELY 4 PERCENT FOR FULL YEAR.EXPECT A NEGATIVE CURRENCY IMPACT ON FULL YEAR REVENUE OF APPROXIMATELY -1.5%.​.  Full Article

SSP Group says expects slightly lower like-for-like revenue growth next year​
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - SSP GROUP PLC ::FY REVENUE ‍2,379.1​ MILLION STG VERSUS 1,990 MILLION STG YEAR AGO.FY ‍LIKE-FOR-LIKE SALES UP 3.1%: DRIVEN BY GROWTH IN AIR PASSENGER TRAVEL AND RETAILING INITIATIVES​.FY UNDERLYING PROFIT BEFORE TAX ‍148.7 MILLION STG VERSUS 107.5 MILLION STG YEAR AGO.FINAL DIVIDEND OF ‍4.9​ PENCE PER SHARE.‍PROPOSED C.£100M SPECIAL DIVIDEND AND SHARE CONSOLIDATION​.‍ANTICIPATE SLIGHTLY LOWER LIKE-FOR-LIKE REVENUE GROWTH NEXT YEAR​.  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.