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BUZZ-SSP Group: up on FY beat, hits fresh record high

Reuters - UK Focus

** Shares (Berlin: DI6.BE - news) of British food travel company SSP Group (Frankfurt: 83S.F - news) rise 5.5 pct to hit a new record high

** FY revenue up 12%, sees slightly lower LfL revenue growth next year​, proposes £100m special dividend and share consolidation

** Says oper profit was driven by "substantial new contract openings"

** Morgan Stanley (Xetra: 885836 - news) says results are ahead of expectations

** "Outlook is solid with an 'encouraging' pipeline of new contracts, but the company is expecting lower sales growth", adds broker

** SSP Group is top performer on Stoxx 600, +64 pct YTD