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SSP Group plc ( (GB:SSPG) ) has shared an update.
SSP Group reported a strong start to its 2025 financial year, with like-for-like sales up by 6% and overall sales increasing by 14% compared to the previous year. The company’s performance was buoyed by acquisitions and structural growth in the travel industry, particularly in North America and APAC & EEME regions. The company maintained its full-year guidance and highlighted its ongoing focus on enhancing efficiency and driving profitability. SSP Group is also proceeding with the IPO of its joint venture in India, Travel Food Services, with completion expected in the Spring, contingent on market conditions.
More about SSP Group plc
SSP Group plc is a global leader in operating food and beverage outlets in travel locations, employing approximately 49,000 people across over 3,000 units in 37 countries. The company specializes in creating and managing a diverse array of food and drink outlets in airports, train stations, and other travel hubs, including sit-down and quick service restaurants, bars, cafés, lounges, and food-led convenience stores. SSP Group’s brand portfolio includes a mix of international, national, and local brands tailored to meet varied client and customer needs, with a focus on sustainability and exceptional service.
YTD Price Performance: -5.15%
Average Trading Volume: 1,504,409
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.39B
Learn more about SSPG stock on TipRanks’ Stock Analysis page.
