tiprankstipranks
SSP Group Reports Strong Growth and Strategic Expansion
Company Announcements

SSP Group Reports Strong Growth and Strategic Expansion

SSP Group plc (GB:SSPG) has released an update.

SSP Group plc, a global operator of food and beverage outlets in travel locations, reports a solid first-half performance for 2024, with revenues rising to £1.5 billion, a 19% increase at constant currency. The Group reinstated its interim dividend at 1.2p per share, indicating confidence in future prospects, despite a net debt increase to £619 million. Strategic growth is underscored by significant new contracts, expansion into new markets like Indonesia and New Zealand, and acquisitions in North America, contributing to a positive outlook for FY24.

For further insights into GB:SSPG stock, check out TipRanks’ Stock Analysis page.

Looking for more investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Optimize your mobile reading experience. Download the TipRanks App today!

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles