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SSP Group plc ( (GB:SSPG) ) has issued an update.
SSP Group plc reported its half-year financial results, showing a 9% increase in revenue to £1.7 billion and a 20% rise in operating profit to £45 million. Despite a statutory loss per share of 7.7p due to non-cash IT transformation costs and impairments, the company maintained its full-year guidance, highlighting strong sales growth in regions like APAC & EEME. The company is implementing a cost reduction program and capital expenditure tightening to enhance profitability and cash generation, with plans for a potential share buyback program later in the year.
The most recent analyst rating on (GB:SSPG) stock is a Hold with a £240.00 price target. To see the full list of analyst forecasts on SSP Group plc stock, see the GB:SSPG Stock Forecast page.
Spark’s Take on GB:SSPG Stock
According to Spark, TipRanks’ AI Analyst, GB:SSPG is a Outperform.
SSP Group plc displays strong financial performance with robust revenue growth and cash flow management, but high leverage is a risk that needs careful attention. Technical analysis is mixed, with potential overbought signals suggesting caution. The stock’s rich valuation may limit upside unless earnings improve significantly.
To see Spark’s full report on GB:SSPG stock, click here.
More about SSP Group plc
SSP Group plc is a prominent operator of restaurants, bars, cafes, and other food and beverage outlets located in travel hubs across 38 countries. The company focuses on catering to travelers, providing a range of dining options in airports, train stations, and other travel-related locations.
Average Trading Volume: 1,905,950
Technical Sentiment Signal: Sell
Current Market Cap: £1.34B
For a thorough assessment of SSPG stock, go to TipRanks’ Stock Analysis page.