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SSP Group PLC

SSPG.L

Latest Trade

263.20GBp

Change

8.20(+3.22%)

Volume

44,174

Today's Range

257.60

 - 

263.60

52 Week Range

140.97

 - 

351.86

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

Blackrock, Inc. Discloses 4.980000% Stake In SSP Group As Of Sept. 2

Sept 6 (Reuters) - :BLACKROCK, INC. DISCLOSES 4.980000% STAKE IN SSP GROUP AS OF SEPT. 2 VERSUS PRIOR STAKE OF 7.130000% - FILING.

SSP Group Says CEO Simon Smith To Step Down

July 14 (Reuters) - SSP Group PLC <SSPG.L>::SSP GROUP PLC - DIRECTORATE CHANGE.SSP GROUP PLC - SIMON SMITH HAS ADVISED BOARD OF HIS INTENTION TO STEP DOWN FROM HIS ROLE AS GROUP CHIEF EXECUTIVE OFFICER.SSP GROUP PLC - HE IS EXPECTED TO LEAVE GROUP AT END OF 2021.SSP GROUP PLC - BOARD WILL NOW COMMENCE A PROCESS TO IDENTIFY SIMON'S SUCCESSOR.

APG Asset Management N.V. Discloses About 11.27% Stake In SSP Group As Of June 4

June 10 (Reuters) - SSP Group PLC <SSPG.L>::APG ASSET MANAGEMENT N.V. DISCLOSES 11.272573% STAKE IN SSP GROUP AS OF JUNE 4 VERSUS PRIOR STAKE OF 9.2518% -FILING.

SSP Group HY Pretax Loss 299.7 Mln Stg Vs. Loss of 34.3 Mln Stg

June 9 (Reuters) - SSP Group PLC <SSPG.L>::RESULTS FOR SIX MONTHS PERIOD ENDED 31 MARCH 2021.H1 REVENUE FELL 78.9 PERCENT TO 256.7 MILLION STG.MEDIUM TERM OUTLOOK UNCHANGED, WITH LIKE-FOR-LIKE REVENUES EXPECTED TO RETURN TO AROUND PRE-COVID LEVELS BY 2024.HY LIKE-FOR-LIKE SALES DOWN 79.0%.HY OPERATING LOSS OF £219.9M ON A REPORTED BASIS UNDER IFRS 16.HY LOSS BEFORE TAX OF £299.7M ON A REPORTED BASIS UNDER IFRS 16 (2020: £34.3M LOSS).HY UNDERLYING LOSS BEFORE TAX WAS £182.0M (2020: £10.7M LOSS)..A FURTHER 250 UNITS RE-OPENED SINCE END OF H1 TAKING TOTAL OF TRADING OUTLETS TO C. 1,150 CURRENTLY.IF CURRENT TRENDS CONTINUE, WE EXPECT TO HAVE 1,200-1,500 UNITS OPEN OVER SUMMER, IN LINE WITH RECOVERY IN DEMAND..SSP GROUP - CURRENTLY, SALES ARE DOWN APPROXIMATELY 70% AGAINST 2019, FOR Q3 AS A WHOLE, WE EXPECT THEM TO BE DOWN APPROXIMATELY 75% AGAINST 2019.SSP GROUP - ANTICIPATE PROFIT CONVERSION ON LOWER SALES, COMPARED WITH PRE-COVID LEVELS, WILL CONTINUE TO BE IN REGION OF 25% DURING H2 OF FY.

SSP Group Announces Successful Rump Placing

April 22 (Reuters) - SSP Group PLC <SSPG.L>::SSP GROUP PLC - SUCCESSFUL RUMP PLACING AND TOTAL VOTING RIGHTS.JOINT GLOBAL CO‑ORDINATORS PROCURED AN ACQUIRER FOR ALL OF THE 5 MLN NEW SHARES FOR WHICH VALID ACCEPTANCES WERE NOT RECEIVED OF RIGHTS ISSUE.

SSP Group Issues Results Of Rights Issue

April 22 (Reuters) - SSP Group PLC <SSPG.L>::SSP GROUP PLC - RESULTS OF RIGHTS ISSUE.SSP GROUP - RECEIVED VALID ACCEPTANCES REPRESENTING 98.05% OF TOTAL NUMBER OF NEW SHARES TO BE ISSUED PURSUANT TO FULLY UNDERWRITTEN RIGHTS ISSUE.

SSP Group Announces 475 Million STG Cash Call After Cutting 14,000 Roles

March 17 (Reuters) - SSP Group PLC <SSPG.L>::SSP GROUP PLC - ANNOUNCEMENT RE: RIGHTS ISSUE.SSP GROUP PLC - FULLY UNDERWRITTEN RIGHTS ISSUE TO RAISE GROSS PROCEEDS OF APPROXIMATELY £475 MILLION.SSP GROUP PLC - A FULLY UNDERWRITTEN 12 FOR 25 RIGHTS ISSUE.SSP GROUP PLC - EXTENSION OF BANK FACILITIES THAT WERE DUE TO MATURE IN JULY 2022 TO JANUARY 2024.SSP GROUP PLC - CONFIDENT IN MEDIUM TERM OUTLOOK FOR GROUP'S END MARKETS, BUT PROFILE OF RECOVERY REMAINS UNCERTAIN..SSP GROUP PLC - WAIVERS AND MODIFICATIONS OF EXISTING COVENANTS UNDER SSP'S BANK FACILITIES AND US PRIVATE PLACEMENT NOTES.SSP GROUP PLC - UNDER SSP'S BASE CASE SCENARIO, ADJUSTED EBITDA MARGINS WOULD RETURN TO PRE-CORONAVIRUS LEVELS IN MEDIUM TERM.SSP - OVER FOUR MONTH PERIOD TO 31 JAN, CASH USAGE WAS £120.1M, INCLUDING IMPACT OF APPROXIMATELY £11.5M OF ONE-OFF RESTRUCTURING COSTS..SSP GROUP PLC - FOR SIX MONTH PERIOD TO 31 MARCH 2021, REVENUES ARE EXPECTED TO BE DOWN APPROXIMATELY 80% RELATIVE TO EQUIVALENT PERIOD IN 2019.SSP GROUP PLC - ONGOING MONTHLY CASH USAGE IS EXPECTED TO REMAIN AT £25-30M PER MONTH.SSP - EXPECTS LIKE-FOR-LIKE REVENUE TO RECOVER TO BROADLY TO 2019 LEVELS IN 2024 FINANCIAL YEAR.SSP GROUP - TOOK NUMBER OF DECISIONS TO PROTECT CASH WHICH INCLUDED REDUCING CONTRACTUAL & TEMPORARY WORKERS, MAKING ABOUT 14,000 ROLES REDUNDANT.

SSP Group Says Independent Non-Executive Director Per Utnegaard To Retire From Board

Feb 15 (Reuters) - SSP Group PLC <SSPG.L>::SSP GROUP PLC - BOARD CHANGE.SSP GROUP PLC - PER UTNEGAARD, INDEPENDENT NON-EXECUTIVE DIRECTOR, HAS DECIDED TO RETIRE FROM BOARD OF SSP.

SSP Group Says Continues To Evaluate Merits Of Funding Options

Feb 10 (Reuters) - SSP Group PLC <SSPG.L>::SSP GROUP PLC - RESPONSE TO PRESS SPECULATION.SSP GROUP PLC - GROUP'S LIQUIDITY POSITION IS STRONG, WITH CASH AND UNDRAWN AVAILABLE FACILITIES OF AROUND £520 MILLION, AS AT 30 SEPTEMBER 2020..SSP GROUP PLC - GROUP CONTINUES TO EVALUATE MERITS OF A RANGE OF FUNDING OPTIONS, BOTH DEBT AND EQUITY, THAT WOULD FURTHER STRENGTHEN ITS BALANCE SHEET..

SSP Group Sees Q1 Sales Down About 80%

Dec 17 (Reuters) - SSP Group PLC <SSPG.L>::FINAL RESULTS.FY REVENUE FELL 48.7 PERCENT TO 1.433 BILLION STG.FY REVENUE OF £1,433.1M: DOWN 47.9% AT CONSTANT CURRENCY(1); 48.7% AT ACTUAL EXCHANGE RATES.FY LOSS BEFORE TAX OF £425.8M ON A REPORTED BASIS UNDER IFRS 16.ON A PRO FORMA IAS 17 BASIS, FY UNDERLYING LOSS BEFORE TAX WAS £239.6M (2019: £203.2M PROFIT).FURTHER COVENANT AMENDMENTS RECENTLY AGREED, INCLUDING A WAIVER OF LEVERAGE TEST UNTIL REINSTATED IN MARCH 2022..LIQUIDITY POSITION REMAINS STRONG, WITH CASH AND UNDRAWN AVAILABLE FACILITIES OF AROUND £520M AT END OF SEPTEMBER..SSP GROUP - EXPECT SALES DURING Q1 OF 2021 FINANCIAL YEAR TO REMAIN BROADLY IN LINE WITH FINAL QUARTER OF YEAR, APPROXIMATELY 80% LOWER YEAR-ON-YEAR.SSP - OPTIMISTIC THAT, ALONGSIDE ROLL OUT OF COVID-19 VACCINATION, WILL START TO SEE RECOVERY IN TRAVEL IN SECOND HALF OF NEW FINANCIAL YEAR.VOLATILITY IS EXPECTED TO CONTINUE THROUGH Q2 OF NEW FINANCIAL YEAR.SSP -SINCE END OF YEAR, RE-EMERGENCE OF VIRUS, LOCKDOWNS NOTABLY IN UK & CONTINENTAL EUROPE HAVE RESULTED IN FURTHER VOLATILITY IN PASSENGER NUMBERS.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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