Upper Crust owner SSP Group expects sales to remain depressed after slumping to full-year loss
Sales in the quarter to December 31 are expected to remain 80% down compared to 2019
Company
SSP Group plc
LON:SSPG
SSP is a leading operator of food and beverage concessions in travel locations, operating restaurants, bars, cafés, food courts, lounges and convenience stores in airports, train stations, motorway service stations and other leisure locations. We have business at approximately 140 airports and 280 rail stations, and operate more than 2,500 units in over 30 countries around the world.
74 stories · page 3 of 4
Investments and investor services
Unemployment data plus numbers from Purplebricks and Shaftesbury in Tuesday's calendar
Other companies announcing include SSP Group and Chemring
Archive
Purplebrick, Dixons Carphone, Serco Group and Bank of England on the agenda for coming week
Other results and statements in the week are expected from SSP, Shaftesbury and Watches of Switzerland
Upper Crust owner SSP Group sees modest recovery but expects tough winter
Current weekly sales are running at 76% below last year, better than June's 90% slump
SSP Group mulls 5,000 job cuts as pandemic batters travel sector
The catering and retail outlet owner said sales in April and May, when lockdown measures were in full effect, were down 95% year-on-year
SSP Group raises £11mln via share placing to offset dividend costs
Last year’s 6p final dividend was scheduled to be paid on Thursday for a £26.8mln outflow
SSP Group proposes investors to trade dividend for shares as sales crash 95%
The operator of food venues in travel location saw a harsher impact than expected on trading
Firms undertake fundraisers to either survive or exploit coronavirus crisis
The pandemic has driven some firms to tap the market to stay afloat, while others have spied an opportunity to boost their businesses from increased demand for remote entertainment and medical research
SSP Group gets backing for £216mln emergency cash call
The operator of food and drink outlets in airports and train stations expects a 40% drop in revenue for March
SSP adds name to growing list of coronavirus warnings
Travel restrictions have had a major impact on its food and drink concessions in airports and railways stations
SSP Group shrugs off headwinds, proposes acquisition in Germany
In the three months to 31 December, total group revenue grew by 7.5%, comprising like-for-like sales growth of 1.2% and net contract gains of 6.3%
SSP Group’s growth grounded by Boeing Max 737
External challenges such as economic uncertainty and political events are set to continue over the next year
SSP Group sees revenue rise by 10% for third quarter
Group-wide the company said it expects to see like-for-like sales growth of around 2% for the full year.
Airlines, plane manufacturers and tour operators beware - space could be your Kodak moment
At a price of $2,500 per trip, swapping space flights for long-haul trips is an opportunity that could be worth over $20bn a year to the travel industry
SSP Group ticks up as it makes good start to new year
The FTSE 250 firm said during its first-quarter revenues had increased by 7.6% in constant currency, with LFL sales and net contract gains rising 2.5% and 3.8% respectively
SSP weak as news Kate Swann to quit as chief executive officer offsets full-year profit rise
The company said Swann – formerly CEO of WH Smith - will leave her role at the end of May 2019 and will be succeeded by Simon Smith, who is currently the UK and Ireland CEO
FTSE 100 closes firmly to the good despite EU tensions
Mid-cap cousin FTSE 250 was also higher. It surged over 218 points to close at 18,584.
Archive
Pre-Thanksgiving smorgasbord as plethora of blue-chips report
A relative cornucopia of firms are scheduled to report results on Wednesday ahead of the US holiday, with a sprinkling of and UK and US economic data to taste
SSP sees annual sales uplift boosted by growing air passenger numbers
SSP operates various food and beverage outlets in airports and train stations, including Burger King and Starbucks, as well as some of its own brands such as Upper Crust
SSP flies higher as rise in number of air passengers boosts Q3 sales
SSP operates various food and beverage outlets in airports and train stations, including Burger King and Starbucks, as well as some of its own brands such as Upper Crust