1054 GMT - SSP Group is seen as well-positioned to undertake shareholder-friendly measures sooner rather than later, Shore Capital analysts Greg Johnson and Clive Black say in a note. The food-and-beverage company reports a sound 3Q update with like-for-like sales up 6% as passenger numbers continued to strengthen, the analysts say. It hasn't made changes to guidance on capital expenditure and working capital, and net debt is expected to be broadly unchanged at 590 million pounds at year-end, they say. "Given the seasonal natureof the business we would expect net debt to increase at the interim stage, noting a comparable 1H/2H profit split to last year is expected," the analysts say. Shares are up 5% at 180 pence.(anthony.orunagoriainoff@dowjones.com)
(END) Dow Jones Newswires
January 28, 2025 05:54 ET (10:54 GMT)
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