SSP Norway’s Post

Transcript

2024 has been a year of progress for SP with a particularly strong second-half where we benefited from the increasing demand for great fruit experiences and travel locations across the world and the excellent work of almost 50,000 SP colleagues serving customers in nearly 40 countries. We grew revenue by 17%, including having like for like sales growth of 9% and we also increased operating profit by 32% year on year. Strategically, we continue to invest in expanding our business footprint in the markets and channels that offer the highest opportunity for long term growth and long term returns. The acquisitions we completed in the year 3 in North America and one in Australia along with our entry into new markets such as Saudi Arabia have given us significantly enhanced scale across these high growth regions and will create value into the future. We also successfully renewed and extended. Important contracts across the UK and Europe. We have made our business more competitive, continuing to build on our capabilities to drive like for like sales growth by being closer to customers in all of our markets. In particular, by enhancing our propositions to meet customer and client demands and further digitizing our operations, also developing our people and progressing our sustainability agenda. I'm pleased to report that three of our four regions, North America, Asia and the Middle East and the UK and Ireland performed well. And although in Continental Europe financial performance was more challenged, we are already addressing this with a robust set of actions which we are confident will drive margin and enhance returns in the region. Looking forward then to FY25, we have a tighter strategic agenda with a clear focus on improving margins, improving profitability, driving. Cash flows and reducing leverage across the group. We look to the year with confidence as we continue to see significant, significant opportunities to drive sustainable long term growth. As ever, the progress we've made wouldn't have happened without the hard work, the commitment and the passion of all of our colleagues. So I'd like to extend my sincere thanks to all of them. I also want to thank all of our clients, suppliers and Brandon joint venture partners across the world for trusting us and for helping us to deliver our purpose. Are being the best part of the journey. Thank you very much.