Ssp Share Discussion Threads

[dlku] 27/11/2015 08:07

do worry about the worry of passenger volumes next year falling very sharply and the living wage cutting into their margins

paying £9 an hour will be a killer

[dlku] 26/11/2015 15:10

:_) eating a M&S sarnie

[rarther] 26/11/2015 15:09

where is diku when you need him? his rocket is launching today... all aboard!

[rarther] 26/11/2015 13:44

Up by 7-8% since i said there was a 5-10% immediate upside.

when rarther speaks the big boys listen!

[johnsoho] 26/11/2015 10:47

Nice results I think and bodes well for the future.

26/11/2015 7:00am

UK Regulatory (RNS & others)

RNS Number : 9940G

SSP Group PLC

26 November 2015

Results for year ended 30 September 2015

SSP Group, a leading operator of food and beverage outlets in travel locations worldwide, announces its financial results for year ended 30 September 2015.

Highlights:

-- Strong results with good progress on last year
-- Operating profit(1) of GBP97.4m: up 17.6% in constant currency, and 10.1% at actual exchange rates

-- Like-for-like sales up 3.7%: driven by growth in air passenger travel and retailing initiatives

-- Net gains 0.6%: strong performances in North America and the Rest of the World
-- Revenue of GBP1,833m: up 4.3% on a constant currency basis; 0.3% at actual exchange rates
-- Operating margin(1) up 50 basis points to 5.3%: on-going roll out of strategic initiatives
-- Brand and concept portfolio further strengthened
-- Encouraging pipeline of new contracts
-- Final dividend of 2.2 pence per share, bringing the full year dividend to 4.3 pence per share
Commenting on the results, Kate Swann, CEO of SSP Group, said:

"SSP has delivered strong results in 2015, with operating profit up over 17% and good like-for-like sales growth across all regions. We continue to focus on delivering our strategic objectives, driving sales growth in our existing portfolio and winning new contracts which are extending our international operations, whilst remaining committed to operating an efficient business.

"The new financial year has started in line with our expectations and whilst a degree of uncertainty always exists around passenger numbers in the short term, we continue to be well placed to benefit from the structural growth opportunities in our markets."

[rarther] 26/11/2015 08:39

Markets have a lot of irrational behaviours which, if we understood, we would all be billionaires. Whatever the market is doing this morning, these results have outperformed and there is an immediate upside of 5-10% (imo).

[devoncop] 26/11/2015 08:36

Patience.....

Check the share price in a couple of months or even a couple of years rather than a couple of minutes😀

[matplum] 26/11/2015 08:35

Err 'cause its Thursday. Maybe!

[rarther] 26/11/2015 08:04

Good results but surprised as they didnt mention the wheat prices, fuel prices and brits travelling abroad that this board has been banging on about since the summer!

This has exceeded the broker concensus... well done to them. Looks like it could be the impetus required to get it away from the year-long 300p ceiling and up towards 350p.

[devoncop] 26/11/2015 07:39

Nice results and good to see margin improvements very strong cashflow and big reduction in debt despite expansion.

[dlku] 20/11/2015 09:32

yes, its potential sales for US wins

[rarther] 20/11/2015 09:11

See post 212... do you understand the numbers you are quoting because I don't. If you do i'd be grateful if you could explain. thanks

[dlku] 20/11/2015 09:06

This is fast growth




Recent US wins announced:
• June 2015: Tampa; $298m over 10 years
• June 2015: Orlando; $70m over 7 years
• April 2015: Montreal; $200m over 10 years
• April 2015: Houston; $200m over 10 years

[rarther] 20/11/2015 08:25

Could you elaborate? (or WTF? in internet speak)

[dlku] 19/11/2015 15:02

Wonderful. Suck it up. Wake up Smell the new york coffee and the lovely bagels.

[rarther] 19/11/2015 08:23

I don't understand these "$200m over 10 years" contract announcements... is that the expected sales during the contract? or they are paying $200m over 10 years to the landlord, or what?

[dlku] 18/11/2015 13:11

Results due 26/11.

[dlku] 18/11/2015 12:35

Massive US potential

• c1.6bn passengers in 2014
• 2.8% growth in 2014
• 8.6m airplane departures
• 97 scheduled airlines
• Passenger numbers expected to grow at c2.0-2.5% per annum over next 20 years
• Expect nearly one-third of enplanements to be international by 2022, from around 28% currently
Cont. Europe UK & Ireland Africa
4.7% 4.3% 2.7%
Latin America Middle East
8.1%
25.8%
Source : ACI
27.5%




And SSPG only has 11% of its sales in the US - the worlds biggest passenger market





Recent US wins announced:
• June 2015: Tampa; $298m over 10 years
• June 2015: Orlando; $70m over 7 years
• April 2015: Montreal; $200m over 10 years
• April 2015: Houston; $200m over 10 years

[dlku] 18/11/2015 11:47

mini stairway to heaven on the chart today

[dlku] 18/11/2015 10:04

Youre entitled to your own view but yeah press filter. Unbelieveable some people dont agree this is a forum for sharing views.



This is a good way for me to play the record domestic air and rail travel which we have seen for the last 20 years

Im expecting superb results when they report

[devoncop] 17/11/2015 18:38

It comes to something when I am having to filter someone who apparently holds sspg as I do but seems to be engaged in fairly transparent ramping.
I expect solid unspectacular results year on year with this company which will be fine by me

[rarther] 17/11/2015 18:06

Looks like diku is going to filibuster us with bullish optimism until results are out. I hope he is right. Let's wait and see...

[dlku] 17/11/2015 09:37

and as easyjet said if passengers should expect to be slower taking off due to security checks, then its more time for them to enjoy some of SSPGs food and drink

Kerching!

[dlku] 17/11/2015 09:19

Oh did i mention
Record-breaking number of customer journeys made on London’s Tube