0835 GMT - SSP Group issued decent fiscal 2024 results which imply the potential to be in a position for additional shareholder returns this time next year, Shore Capital analysts Greg Johnson and Clive Black say in a research note. There could also be further strong EPS growth and much-improved cash generation, they say. The results showed significant on-year momentum and were in line with EPS estimates, the analysts say. Key takeaways from the company's results are the continued sales momentum, a recovery plan for Europe, planning assumptions consistent with forecasts, and a 25 million pound lower-than-anticipated net debt and future capex commitments, they say. Shares in the London-listed food-and-beverage company trade 12% higher at 181.20 pence. (nina.kienle@wsj.com)
(END) Dow Jones Newswires
December 03, 2024 03:35 ET (08:35 GMT)
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