Updates

SSP Group

January 2025

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.

SSP popped after full-year results were buoyed by strong air passenger numbers. These results showed sales were up 17% to £3.4bn, with EBIT of £206m. EPS came in at 10p, up 41%. The outturn reflected a strengthening in performance in H2, partly due to notable headwinds dissipating and contributions from new concessions, as well as the £104m spent on M&A. Net debt was £593m with leverage of 1.7x. Geographically, standouts were the UK with operating profit up by £16m to £73m, North America up £26m to £81m and the Rest of the World up £12m to £76m. The regions benefited from robust like-for-like sales, net gains and M&A. Europe is still lagging, with operating profit down £17m to £18m, as it faced rail sector strikes and di ...

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Watches of Switzerland Group - Q2 sees positive inflection point

Card Factory

SSP Group - JV to list in India at a time when Indian airport infrastructure is seeing blistering growth (March 2025)

SSP Group - Acceleration seen in Q3 sales +16% (August 2024)

SSP Group - Trading strongly in US and APAC (July 2024)

SSP Group - Airport units benefit from inbound volumes (January 2019)

SSP Group (September 2018)

SSP Group (February 2018)

SSP Group (July 2017)

SSP Group - Starting to perform like a stockmarket inevitable (March 2017)

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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