0949 GMT - SSP Group's 2H profit momentum is expected to flow through to FY 2025 and underpins strong earnings growth of more than 20%, Shore Capital analysts Greg Johnson and Clive Black say in a note. After several headwinds contributed to a more muted 1H performance, Ebitda rose by more than 50 million pounds, the analysts say. The analysts expect strong earnings and Ebitda of more than 400 million pounds for FY 2025. Among other 2H items, a continued strong contribution from net gains, the annualization of recent acquisitions and the unwinding of some headwinds underpin this, they say. "We see our assumptions as conservatively set," Shore Capital says. Shares are up 0.7% at 160.50 pence.(anthony.orunagoriainoff@dowjones.com)
(END) Dow Jones Newswires
November 08, 2024 04:50 ET (09:50 GMT)
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