SSP's Continental European Margins to Get Boost From New Leadership -- Market Talk

Dow Jones

2024/12/03

1407 GMT - Upper Crust bakery chain owner SSP Group should benefit from good space growth in key geographies next year, RBC analysts Manjari Dhar and Richard Chamberlain write. They add that they expect margins in Continental Europe to improve given the new leadership in the region. The company flagged a weaker-than-expected performance in Continental Europe over the past fiscal year and set itself targets of doubling margins in the region next year to 3%, and then to 5% over the medium term. They add that at current exchange rates, the midpoint EPS guidance for next year is in line with consensus expectations. Shares up 11% at 179.60 pence. (ian.walker@wsj.com.)

(END) Dow Jones Newswires

December 03, 2024 09:07 ET (14:07 GMT)

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