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SSP Group (SSPG) investor relations material
SSP Group Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Trading performance and sales trends
Like-for-like sales grew 5% in Q1 FY26, maintaining positive momentum from the previous quarter.
North America saw 4% sales growth, mainly from net gains and ongoing airport expansion.
Continental Europe experienced 1% sales growth, with rail business under review due to weak consumer sentiment.
UK & Ireland achieved 8% sales growth, supported by strong performance in Air and M&S outlets.
APAC and EEME regions posted 17% sales growth, driven by normalized air capacity in India and strong gains in Australia.
Financial outlook and guidance
Full-year FY26 guidance remains unchanged, with expectations for continued revenue momentum.
EPS is targeted towards the upper end of 12.9p–13.9p, excluding share buyback benefits.
Free cash flow (pre-dividend) is expected to exceed £100m.
ROCE is progressing towards a medium-term target of 20%.
£24m of a planned £100m share buyback has been completed since October 2025.
Operational initiatives and strategic focus
'Focus 26' operational plan is underway, aiming for sustained improvements in profitability, cash, and returns.
A full update on operational progress will be provided at the H1 results.
Strengthened customer proposition and refresh programs are supporting growth, especially in the UK & Ireland.
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