Financial PerformanceSSP's strong Q1 performance sees full-year guidance reiterated, driven by positive revenue momentum and ongoing cost inflationary offsets.
Market ValuationA greater than 20% discount to the pre-COVID PE multiple suggests undervaluation, with analysis supporting a long-run growth opportunity for SSP.
Strategic GrowthThe acquisition should add approximately 3% to SSP group revenue on an annualised basis and entry into four new Australian airports is highly complementary to its existing operations in Australia.