After the chaos caused by the pandemic, SSP has finally taken flight, but sadly for the owner of Caffè Ritazza and Upper Crust, and its investors, the share price has failed to follow suit.
A lack of progress has been made even more incongruous by the latest upgrade to profit guidance for this year. Sales have been stronger than anticipated in the North American and Asian markets, where the hospitality group sees the best expansion potential.
Revenue this year is expected to come in at between £3.4 billion and £3.5 billion, which at the midpoint is about £150 million higher than previous guidance. That is expected to filter through to adjusted earnings before interest, taxes and other items of £345 million to £375 million, roughly
