Business
Interim Results
Interim Results.
About this update from Ssp Group Plc
[{"type":"text","content":"\n \nRNS Number : 0331Z SSP Group PLC 15 May 2019 \n\n \nLEI:213800QGNIWTXFMENJ24\n15 May 2019\nSSP GROUP PLC\nResults for six months period ended 31 March 2019\nSSP Group, a leading operator of food and beverage outlets in travel locations worldwide, announces its financial results for the first half of its 2019 financial year, covering the six months ended 31 March 2019.\nHighlights: \n● Underlying operating profit1 of £62.5m: up 14.6% at constant currency2, and 13.2% at actual exchange rates\n● Revenue of £1,261.6m: up 6.8% at constant currency; 7.1% at actual exchange rates\n● Like-for-like sales3 up 2.0%: driven by air passenger travel and retail initiatives\n● Net gains4 of 4.1%: strong performances in Continental Europe, North America and the Rest of the World\n● Underlying operating margin1 up 30 basis points to 5.0% at constant currency, strategic initiatives delivering well\n● Underlying profit before tax1 of £54.2m: up 11.3%. Reported profit before tax of £51.4m\n● Underlying earnings per share1 of 6.7 pence: up 19.6%. Reported earnings per share of 6.1 pence\n● Capital investment of £108.2m, reflecting the significant new contract opening programme, which has been first half weighted in 2019\n● Encouraging pipeline of new contracts with wins in North America, Brazil, India, Spain and France\n● Interim...