SSP Group Full Year 2023 Earnings: EPS Misses Expectations

SSP Group (LON:SSPG) Full Year 2023 Results

Key Financial Results

• Revenue: UK£3.01b (up 38% from FY 2022).
• Net income: UK£8.10m (up from UK£10.2m loss in FY 2022).
• Profit margin: 0.3% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
• EPS: UK£0.01 (up from UK£0.013 loss in FY 2022).

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

SSP Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 84%.

Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Hospitality industry in the United Kingdom.

Performance of the British Hospitality industry.

The company's shares are up 12% from a week ago.

Valuation

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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.