SSP Group: Announces Preliminary Results 2024

London / UK. (ssp) British SSP Group PLC, a leading operator of food and beverage outlets in travel locations across 37 countries, announces its financial results for the year ended 30 September 2024. The Group reports strong momentum in H2-2024 and a clear focus on driving profitability and returns.

Chief Executive Patrick Coveney: «We have delivered a strong H2 performance and I would like to thank our colleagues, clients and brand partners around the world for all their support. «SSP has strong fundamentals and benefits from the global travel market’s sustained long-term growth trends. This was clearly visible in the FY-2024 performance in three of our four regional markets. However, Continental Europe performed below expectations, which in turn impacted Group EPS and free cash flow.

«As we reach the next phase of our evolution post-Covid and with strong underlying growth across the Group, our focus now is on driving greater value from a strengthened base. In Continental Europe, we are accelerating our profit recovery plan, in particular by building returns from the significant number of recently renewed and extended contracts. Across the wider group, our priorities remain on sharpening our performance culture to drive profitable growth and returns, so as to unlock the full potential of SSP.

«I am excited about the prospects for our company and look to FY-2025 and beyond with confidence as we continue to see significant opportunities for SSP to drive compounding long-term growth and deliver shareholder returns.» For additional information please read the Company’s PDF file below (243 KB):

20241203-SSP-FY2024.