SSP Group (LON:SSPG) Full Year 2022 Results

Key Financial Results

• Revenue: UK£2.19b (up 162% from FY 2021).

• Net loss: UK£10.2m (loss narrowed by 97% from FY 2021).

• UK£0.013 loss per share (improved from UK£0.51 loss in FY 2021).

SSPG Sales Performance

• Same store sales growth: 154.7% vs FY 2021.

All figures shown in the chart above are for the trailing 12 month (TTM) period

SSP Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 8.6%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Hospitality industry in the United Kingdom.

Performance of the British Hospitality industry.

The company's shares are up 5.1% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on SSP Group's balance sheet health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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