SSP increases its 2017 final dividend by 50% and declares a special

DividendMax Ltd.

SSP increases its 2017 final dividend by 50% and declares a special

SSP 2017 final results  

Underlying operating profit of £162.9m: up 27.0% at constant currency, and 34.2% at actual exchange rates

Revenue of £2,379.1m: up 11.7% at constant currency, and 19.5% at actual exchange rates

Like-for-like sales up 3.1%: driven by growth in air passenger travel and retailing initiatives

Significant net gains of 6.0%: strong performances in North America and the Rest of the World

Underlying operating margin (excluding Indian joint venture, TFS) up 50 basis points at constant currency to 6.5%: as our strategic initiatives continue to deliver

Indian joint venture, TFS, added 2.9% to revenue and £12.9m to operating profit: resulting in a combined group underlying operating margin of 6.8%

Underlying profit before tax of £148.7m: up 38.3%. Reported profit before tax of £144.8m, up 37.1%

Underlying earnings per share of 20.3 pence: up 31.0%. Reported earnings per share of 19.5 pence, up 28.9%

Final dividend of 4.9 pence per share, bringing the full year dividend to 8.1 pence per share: up 50.0%, reflecting an increase in the payout ratio to 40%

Underlying operating cash inflow of £103.5m, after our highest level of  investment in the business to date

Proposed c.£100m special dividend and share consolidation

Encouraging pipeline of new contracts

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