London-listed food-and-beverage company reports tripled pretax profit

  • SSP Group resumes dividend payments after pretax profit tripled in fiscal 2023
  • Pretax profit soared to £88.1 million from £25.2 million in fiscal 2022
  • Revenue climbed to £3.01 billion from £2.185 billion
  • Underlying EBITDA increased to £280.0 million from £142.0 million
  • Revenue in the first eight weeks of the new financial year up 22% on a constant currency basis
  • SSP targets revenue between £3.4 billion and £3.5 billion for fiscal 2024

SSP Group, the London-listed food-and-beverage company, has announced the resumption of dividend payments after its pretax profit more than tripled in fiscal 2023. The company reported a pretax profit of £88.1 million, up from £25.2 million in the previous fiscal year. Revenue also saw a significant increase, climbing to £3.01 billion from £2.185 billion. Underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) rose to £280.0 million, compared to £142.0 million. SSP Group has experienced sustained momentum in key markets, with revenue in the first eight weeks of the new financial year up 22% on a constant currency basis. Looking ahead, the company expects resilient demand for travel and targets revenue between £3.4 billion and £3.5 billion for fiscal 2024.

Factuality Level: 8
Factuality Justification: The article provides specific financial figures and statements from SSP Group regarding their pretax profit, revenue, operating costs, and underlying earnings. It also includes projections for the future fiscal year. The information appears to be based on official statements from the company and is not presented with any obvious bias or opinion.
Noise Level: 7
Noise Justification: The article provides information on SSP Group’s financial performance and future projections. However, it lacks analysis or discussion of any potential risks or challenges the company may face. It also does not provide any evidence or data to support its claims of resilient demand for travel or the projected revenue and profit figures. Overall, the article is mostly focused on reporting financial numbers without providing much depth or critical analysis.
Financial Relevance: Yes
Financial Markets Impacted: The financial markets impacted by this news article are the London Stock Exchange, where SSP Group is listed, and the food and beverage industry.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial performance of SSP Group, a food and beverage company. It provides information on the company’s increased pretax profit, revenue, and operating costs. There is no mention of any extreme event or its impact.
Public Companies: SSP Group (N/A)
Key People:

Reported publicly: www.marketwatch.com