Business
2023 Full Year Results Announcement
2023 Full Year Results Announcement.
About this update from Ssp Group Plc
[{"type":"text","content":"\n\nl \n\n \n \n5 December 2023 LEI: 213800QGNIWTXFMENJ24\n2023 FULL YEAR RESULTS ANNOUNCEMENT\nSTRONG FULL YEAR PERFORMANCE; SIGNIFICANT PROGRESS ON STRATEGIC PRIORITIES\nSSP Group plc, a leading operator of food and beverage outlets in travel locations worldwide, announces its financial results for the year ended 30 September 2023. \n\n\n\n\n \n\n\nFY 2023\n\n\nFY 2022\n\n\nChange at\nactual FX rates\n\n\nChange at\nconstant FX rates\n\n\n\n\nUnderlying Pre-IFRS 161,3\n\n\n \n\n\n\n\n\n \n\n\n \n\n\n\n\nRevenue\n\n\n£3,010m\n\n\n£2,185m\n\n\n37.7%\n\n\n37.9%\n\n\n\n\nEBITDA2\n\n\n£280m\n\n\n£142m\n\n\n97.3%\n\n\n103.5%\n\n\n\n\nOperating profit\n\n\n£164m\n\n\n£30m\n\n\n440.3%\n\n\n495.2%\n\n\n\n\nOperating profit margin\n\n\n5.4%\n\n\n1.4%\n\n\n+400bp\n\n\n+440bp\n\n\n\n\nEarnings/(loss) per share\n\n\n7.1p\n\n\n(4.5)p\n\n\n+11.6p\n\n\n\n\n\n\n\nDividend per share\n\n\n2.5p\n\n\n-\n\n\n+2.5p\n\n\n\n\n\n\n\nFree cash flow4\n\n\n£(125)m\n\n\n£52m\n\n\n£(177)m\n\n\n\n\n\n\n\nNet debt5\n \n\n\n£(392)m\n\n\n£(297)m\n\n\n£(95)m\n\n\n\n\n\n\n\nStatutory\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\nOperating profit\n\n\n£167m\n\n\n£92m\n\n\n+82.3%\n\n\n\n\n\n\n\nProfit before tax\n\n\n£88m\n\n\n£25m\n\n\n+249.6%\n\n\n\n\n\n\n\nEarnings/(loss) per share\n\n\n1.0p\n\n\n(1.3)p\n\n\n+2.3p\n\n\n\n\n\n\n\nNet debt5\n\n\n£(1,421)m\n\n\n£(1,151)m\n\n\n£(270)m\n\n\n\n\n\n\n\n \nPerformance Highlights: (Underlying pre- IFRS161,3)\n· Significant further recovery in Group performance with full-year revenue of £3.0bn, up 38% compared to last year and ahead of pre Covid-19 levels throughout the year\n· H2 revenue growth of 25% ...