Davy Morning Equity Briefing
Jun 18, 2026
XPS Group
FY26: strong results with modest beats on earnings
XPS delivered a strong FY26 performance, with double-digit revenue growth, improved operating efficiency and earnings ahead of expectations, supporting dividend growth. The balance sheet remains robust with low leverage, providing flexibility for targeted M&A to support expansion. The outlook is positive, underpinned by sustained demand from the Pension Schemes Bill and continued growth in the insurance consulting business.
SSP Group plc
Planes, trains and margin gains: initiating on SSP
SSP is a leading food and beverage concessions business, operating restaurants in airports and other travel locations through a mix of in-house and franchised brands. It has a presence in 38 countries and is now primarily focused on the airport sector.