Ssp Share Discussion Threads

[philanderer] 05/12/2019 10:06

Even upgraded by HSBC to 'buy'

[philanderer] 05/12/2019 09:58

Volatile this one....


"France: Tourists face travel chaos as national strike begins"

Flights, trains and buses will all be hit by the biggest wave of industrial action France has faced for decades.

[philanderer] 28/11/2019 10:35

28th nov UBS neutral tp 680p cut from 695p

[philanderer] 27/11/2019 08:27

27th nov Barclays overweight tp 735p

reiterates

[philanderer] 26/11/2019 17:55

Fine turnaround this afternoon.

[undervaluedassets] 21/11/2019 10:17

results were fine weren't they.

growing like topsy with strong cash flows.

[philanderer] 20/11/2019 23:15

SSP Group to acquire 14 units at Perth and Melbourne airports


SSP Group, a leading operator of food and beverage outlets in travel locations worldwide, has entered into an agreement to acquire 14 food & beverage units from Australian hospitality company Red Rock. SSP will take over full operations of Red Rock’s F&B business at Perth Airport, marking its first entry into that location, and the majority of its F&B business at Melbourne Airport.

At Perth Airport, SSP will acquire seven units, including two Long Neck Public Houses, a modern, vibrant bar brand located in the International and Domestic areas of Terminal 1 and Loco Poco, which can be found at Terminal 1 International, offering a taste of the Mediterranean including tapas, antipasto and small bites.

The line-up also features two outlets from Italian-inspired brand Macchinetta and two Haymarket units, a marketplace of bars, cafés, bakeries, delis, juice bars and pizzerias serving everything from artisan breads and gourmet pizzas to Fairtrade organic coffee prepared by qualified baristas. SSP also intends to acquire a further three new units at Perth – Common Bar + Kitchen, Pronto by Macchinetta and a new grab & go offer.

At Melbourne Airport, SSP will acquire four units. These include two ‘Two Johns Taphouse’ pubs, which offer a friendly atmosphere and a wide selection of beers, wines and spirits as well as classic bar food. These are located at Terminal 4 Domestic and Terminal 2 International. SSP will also operate BÀ XÃ Noodle Bar at Terminal 2 International. BÀ XÃ is a casual dining restaurant well-known for its Vietnamese dishes and speciality Tea Bar. The fourth unit will be Able Baker Charlie, a modern Italian bakery, pizzeria and bar.

Simon Smith, CEO of SSP Group, said: “The acquisition announced today is in line with our strategy to grow our geographic footprint and expand our operations in the Asia Pacific region. These new units will build on our newly established business at Melbourne Airport, and will mark our entry into Perth Airport for the first time. We’re very excited to be adding new Australian brands to our portfolio and welcoming new colleagues into our SSP team, and we look forward to growing our business further in Australia.”

SSP began its operations in Australia in 2009, opening its first F&B outlets at Sydney Airport. The group now runs 23 food and beverage units at four key travel hubs – Sydney Airport, Melbourne Airport, Brisbane Airport and Hobart Airport. Most recently in Australia, SSP opened the new Food Collective food hall concept at Brisbane Airport earlier this month.


Airsideint.com

[philanderer] 20/11/2019 16:47

Agree, happy to hold

Liberum and Shore Cap reiterating BUY

[johnsoho] 20/11/2019 10:38

These results look very good to me, I think the share price slide is due to a general retreat in the market today.

SSP GROUP PLC

Results for year ended 30 September 2019

"Strong full year results and another year of significant expansion"

SSP Group, a leading operator of food and beverage outlets in travel locations worldwide, announces its financial results for the year ended 30 September 2019.

Highlights:

-- Underlying operating profit(1) of GBP221.1m: up 12.1% at constant currency(2) , and 13.3% at actual exchange rates.


-- Revenue of GBP2,794.6m: up 7.8% at constant currency, and 9.0% at actual exchange rates.
-- Strong net gains(3) of 5.6%: driven by North America and Continental Europe.
-- Like-for-like sales(4) up 1.9%: driven by growth in passenger numbers, both in air and rail.
-- Underlying operating margin(1) up 30 basis points at constant currency, driven by further progress on our strategic initiatives.

-- Underlying profit before tax(5) of GBP203.2m: up 10.2%. Reported profit before tax of GBP197.2m, up 7.8%.

-- Underlying basic earnings per share(5) of 29.1 pence: up 15.9%. Reported basic earnings per share of 28.1 pence, up 12.9%.

-- Final dividend of 6.0 pence per share, bringing the full year ordinary dividend to 11.8 pence per share: up 15.7%, reflecting a payout ratio of 40%.

-- Underlying operating cash inflow(6) of GBP67.9m, after another year of record capital investment of GBP185.0m.

-- Encouraging pipeline, with significant new contracts underpinning future growth, including in North America at LaGuardia, San Jose and Ottawa Airports and in the Rest of the World at Brisbane, Shenzhen, and Hongqiao Airports; and entry into three new markets next year: Bahrain, Bermuda and Malaysia.

-- Share buyback of up to GBP100m, underpinning our confidence in the business and our commitment to maintain an efficient balance sheet.

Commenting on the results, Simon Smith, CEO of SSP Group, said:

"SSP has delivered another strong performance in 2019. Operating profit was up 12% at constant currency, driven by solid like-for-like sales growth despite some external headwinds, significant new contract openings and further operational improvements. We continue to grow our business in North America, and have made good progress expanding in Continental Europe. In the Rest of the World, we have grown in India and the Philippines, and have entered Brazil, a new market for us, with further market entries planned in Bermuda, Bahrain and Malaysia. The new business pipeline is strong across all our geographies both this year and next, and we've announced a GBP100m share buyback which further demonstrates our confidence in the future of the 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 and to create value for our shareholders."

Financial highlights:



Year-on-year change
2019 2018 Actual FX Constant
GBPm GBPm Rates currency(2)
Revenue 2,794.6 2,564.9 +9.0% +7.8%
Like-for-like sales growth(4) +1.9% +2.8% n/a n/a
Underlying operating profit(1) 221.1 195.2 +13.3% +12.1%
Underlying operating margin(1) 7.9% 7.6% +30 bps +30 bps
Underlying profit before
tax(5) 203.2 184.4 +10.2% n/a
Underlying basic earnings
per share (p)(5) 29.1 25.1 +15.9% n/a
Underlying diluted earnings
per share (p) (5) 28.7 24.8 +15.7% n/a
Dividend per share (p) 11.8 10.2 +15.7% n/a
Underlying operating cash
inflow(6) 67.9 90.2 -24.7% n/a
Net debt (483.4) (334.7) -44.4% n/a

[philanderer] 20/11/2019 08:39

SSP Group, which operates food and drink outlets in travel locations, reported 1.9% annual like-for-like sales growth, with both air and rail delivering growth. Revenue was up 9.0% to GBP2.79 billion. Shares fell 3.1% in early trading.

SSP's reported pretax profit climbed 7.8% to GBP197.2 million, and the underlying figure was 10% higher at GBP203.2 million.

The firm is paying a final dividend of 6.0p per share, taking the year's total to 11.8p, 16% higher than the year before. SSP has also announced a GBP100 million share buyback.

Alliamce News

[philanderer] 20/11/2019 08:28

And not well received.

[philanderer] 18/11/2019 18:52

Full year results on wednesday.

[philanderer] 15/11/2019 15:37

Tortilla and Starbucks at London Euston

[philanderer] 11/11/2019 14:32

Rugby World Cup fans help Heathrow airport post record October traffic

[philanderer] 11/11/2019 11:18

SSP America, a division of SSP Group, has won a food and beverage contract at Bermuda LF Wade International Airport.

The restaurants developed and operated as part of the contract will be featured in the airport’s new, state-of-the-art passenger terminal building, part of the wider Bermuda Airport Redevelopment Project.

[philanderer] 31/10/2019 13:06

Asian high street favourite, Tai Cheong Bakery, and Archipelago Craft Brew are the latest new additions to Singapore Changi’s F&B offering.

Introduced in partnership with the SSP Group and located landside in Terminal 3, Tai Cheong Bakery is one of Hong Kong’s most popular traditional bakeries with more than 20 outlets across Hong Kong, Singapore and Taiwan.

And, according to SSP, the new unit has been tailored to meet the needs of the busy airport environment, with a takeaway counter allowing customers to quickly “grab and go”.

In contrast, Archipelago Craft Brew House is a new concept developed by SSP in partnership with the Archipelago Brewery by Asia Pacific Brewery, which has been creating handcrafted, speciality beers in Singapore since 2006.

The Terminal 2 airside bar serves Archipelago Brewery’s range of award-winning craft beers, including Singapore Blonde Ale and Bohemian Lager.

Mark Angela, CEO of SSP Asia Pacific, said: “Both brands have a strong heritage and are highly regarded by local customers, and their use of original recipes and flavours will create a sense of place among international travellers looking for truly authentic experiences.”

Teo Chew Hoon, the Changi Group’s senior vice president for airside concessions, enthused: “SSP continues to wow Changi Airport’s passengers with their innovative concepts and offerings.

“Their new Archipelago Bar takes the passenger experience to a new level as they marry their unique craft beer flavours together with Singapore’s signature salted egg yolk offerings, creating an all-new blend of tastes for locals and visitors to enjoy.”

[philanderer] 25/10/2019 12:17

Heathrow cheers rise in revenues and passenger numbers

[philanderer] 23/10/2019 13:29

Big seller about again today.

[philanderer] 17/10/2019 00:03

SSP Group opens outlets across Rio de Janeiro and São Paulo airports

[philanderer] 08/10/2019 10:17

HSBC RAISES SSP GROUP TO 'BUY' ('HOLD') - PRICE TARGET 750 (692) PENCE

[philanderer] 07/10/2019 15:35

IAG traffic stats not stunning.

[philanderer] 03/10/2019 18:04

GERMANY. SSP Group has added 22 new Tank & Rast service station locations to its portfolio in Germany, taking its total to 56.

The food & beverage company is now operating at key locations along the A1 motorway in the Münsterland and Tecklenburger Land regions in North Rhine-Westphalia, and along the A7 motorway in the Großenmoor and Rhön regions. It has also added service stations at Illertal, Frankenhöhe and Donautal in southern Germany.

SSP and Tank & Rast have also extended their joint brand portfolio with the development of Tabilo (pictured above), a gastro concept which offers ‘made to order’ dishes that are individually prepared and served in a timely fashion.

[philanderer] 03/10/2019 17:47

Marathon Asset Management have gone over 5%

[philanderer] 30/9/2019 13:43

30th sept Canaccord 'hold' tp 680p cut from 710p