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SSP Group

July 2017

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • SSPG
  • Price:
  • 480p
SSP, the leading operator of food and beverage concessions in airports and train stations, issued superb interims showing pretax profit rising almost 50% to £34.7m. Eps increased 40% to 4.2p. This was achieved in spite of rising wage and food inflation coupled with higher pre-opening costs.The UK increased profit 12.1% to £29.7m (operating margin up from 7.5% to 8.1%) driven by growth in air passenger numbers and spend per head, while margin optimisation programs in retailing and procurement also helped.In Continental Europe profit rose 70% to £20.2m (margins +1.5% to 4.9%), with air travel again the strongest area, particularly the Nordics and Spain. France and Belgium traded better versus weak comparatives ...

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SSP Group - Big margin improvement (July 2016)
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SSP Group - Maiden results lift shares to new highs (January 2015)
SSP Group - Appointment of CEO Kate Swann boosts hopes for explosive eps growth (October 2014)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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