SSP Group H1 Earnings Call Highlights

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MarketBeat

Tue, May 19, 2026 astatine 5:08 AM CDT 8 min read

Key Points

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SSP Group reported a beardown archetypal half, with gross up 6% to £1.8 billion, underlying operating nett up 18% to £50 million, and EPS turning affirmative to £0.011 from a prior-year loss. Management said its Focus '26 program is opening to amended profitability, currency generation, and returns.
Middle East disruption is weighing connected trading, particularly successful the Gulf and adjacent regions, wherever income person fallen sharply and visibility remains limited. However, much than 80% of the concern has been mostly unaffected, and SSP said its diversified portfolio has helped supply resilience.
SSP is besides reshaping its European obstruction business, readying to exit astir one-third of its obstruction estate to absorption connected higher-density, higher-return locations. The institution expects benefits from this reset to commencement successful fiscal 2027, portion it inactive sees full-year 2026 EPS wrong marketplace expectations and much than £100 million successful escaped currency travel earlier dividends and buybacks if conditions hold.

SSP Group (LON:SSPG) reported higher first-half gross and a instrumentality to affirmative net per share, arsenic absorption said its Focus '26 program is opening to enactment profitability, currency procreation and returns contempt unit from disruption successful the Middle East.

Group CEO Patrick Coveney said SSP delivered a “resilient archetypal fractional performance” and made “tangible progress” against each constituent of its strategy. Group CFO Geert Verellen said gross roseate 6% to £1.8 billion, including 5% like-for-like income growth, portion underlying operating nett accrued 18% to £50 million. The underlying operating borderline expanded by 30 ground points astatine changeless speech rates.

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Verellen said net per stock improved to £0.011, compared with a nonaccomplishment of £0.004 a twelvemonth earlier, helped by higher operating profit, accrued income from associates, little number interests and reduced financing costs pursuing refinancing transactions past year. SSP projected an interim dividend of 1.6 pence per share, accordant with its dividend policy.

Sales Growth Supported by U.K., APAC and EMEA

SSP said first-half income maturation was supported by beardown trading successful the U.K. and Ireland and successful Asia Pacific and EMEA, on with improving momentum successful North America toward the extremity of the period. Verellen said North American like-for-like maturation recovered precocious successful the half, helped by accrued dwell times linked to airdrome information disruptions and outpouring interruption travel.

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