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SSP Group PLC (SSPG.L)

SSPG.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

SSP Group Says ‍Q1 Total Group Revenue Up By 13.5 Pct On Constant Currency Basis​
Tuesday, 23 Jan 2018 02:00am EST 

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 02:00am EST 

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

SSP Group sees full-year revenue to increase by about 11.4 pct
Thursday, 28 Sep 2017 02:00am EDT 

Sept 28 (Reuters) - SSP Group Plc ::SSP GROUP - ON A CONSTANT CURRENCY BASIS, TOTAL GROUP REVENUES FOR Q4 ARE EXPECTED TO INCREASE BY ABOUT 14.8%, WITH LIKE-FOR-LIKE SALES GROWTH OF APPROXIMATELY 3.0%.SSP GROUP PLC - FY TOTAL GROUP REVENUES ARE EXPECTED TO INCREASE BY ABOUT 11.4% ON A CONSTANT CURRENCY BASIS, INCLUDING LIKE-FOR-LIKE SALES GROWTH OF ABOUT 3.0 PERCENT.  Full Article

SSP Group says Q3 total group revenues increased by 14.6 pct
Wednesday, 12 Jul 2017 02:25am EDT 

July 12 (Reuters) - SSP Group Plc ::Says Q3 total group revenues increased by 14.6%.Says like-for-like sales in Q3 increased by 3.6%.Says net contract gains in Q3 were 7.6%.Expects net contract gains for full year to be around 5.0% - 5.5%.  Full Article

SSP Group H1 revenue 1.07 bln STG vs 896.7 mln STG
Thursday, 18 May 2017 02:07am EDT 

May 18 (Reuters) - SSP Group Plc :H1 revenue 1.07 billion STG vs 896.7 million STG.H1 underlying earnings per share of 4.2 pence.H1 interim dividend of 3.2 pence per share, up 28.0%.H1 like-for-like sales growth up 2.9% versus up 3.3%.H1 operating profit 41.8 million STG versus 29.9 million STG.Second half has started in line with expectations.Joint venture in India has started well and encouraged by progress there.  Full Article

SSP Group says expectations for full year remain unchanged
Thursday, 26 Jan 2017 02:47am EST 

SSP Group Plc : First quarter trading update . SSP has had a good start to new financial year and expectations for full year remain unchanged. . Revenue increased by 4.3 pct on a constant currency basis, comprising like-for-like sales growth of 2.4 pct and net contract gains of 1.9 pct . We completed initial investment to create a joint venture with travel food services ("tfs") in india in december 2016 and this added a further 1.1 pct to sales . Total group revenue increase in q1 to 5.4 pct . Total group revenue growth at actual exchange rates was 18.7 pct . Expect to have acquired initial 33 pct stake in tfs in full by end of february 2017. . Like-For-Like sales growth in uk and continental europe has remained positive . In north america positive trends seen in 2016 have continued through q1 of 2017 . In rest of world, like-for-like sales growth is in line with our expectations. Pipeline of new contracts remains encouraging. . Overall impact on revenue of movement of foreign in q1 compared to same period last year was approximately 13 pct . Expect a positive currency impact on full year revenue of approximately 7 pct .New financial year has started in line with our expectations.  Full Article

SSP forecasts slightly lower comparable revenue growth for next year
Tuesday, 29 Nov 2016 02:00am EST 

SSP Group Plc : Final results . FY underlying operating profit 1 of 121.4 mln stg: up 18.2 pct at constant currency, and 24.6 pct at actual exchange rates . FY like-for-like sales up 3.0 pct: driven by growth in air passenger travel and retailing initiatives . FY revenue of 1,990 mln stg: up 5.0 pct at constant currency; 8.6 pct at actual exchange rates . FY underlying profit before tax of 107.5 mln stg: up 31.1 pct. Reported profit before tax of 105.6 mln stg . Final dividend of 2.9 pence per share, bringing full year dividend to 5.4 pence per share: up 26.0 pct . New financial year has started in line with our expectations .We anticipate slightly lower like-for-like revenue growth next year.  Full Article

SSP Q3 underlying sales up 3 pct
Tuesday, 19 Jul 2016 02:00am EDT 

SSP Group : Trading update for the third quarter of its financial year ending 30 September 2016, covering the period from 1 April 2016 to 30 June 2016 . Group's overall performance in Q3 was in line with expectations set out in our 2016 interim results announcement . On a constant currency basis, total group revenues for the period increased by 4.8% . Like-for-like sales growth of 3.0% . Net contract gains of 1.8% . Second half of financial year has started in line with our expectations . The overall impact on revenue of the movement of foreign currencies (principally the euro, U.S. dollar, Swedish Krona, and Norwegian Krone) during the first three quarters of 2016 compared to the 2015 average was +0.5% .If current spot rates were to continue for rest of 2016, would expect a positive currency effect for FY of approximately +3.0%.  Full Article

BRIEF-SSP Group Says To Consolidate Shares

* EVERY 31 EXISTING ORDINARY SHARES OF 1 PENNY EACH WILL BE SUBDIVIDED AND CONSOLIDATED INTO 30 NEW ORDINARY SHARES OF 1/30 PENCE EACH