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SSP announces pre-close trading update

26th Sep 2018 - 09:25
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Food and drink travel operator SSP Group has today (26 September) released a pre-close trading update for the three months from 1 July – 30 September, ahead of its financial year ending (30 September).

Claiming trading and net contract gains in the fourth quarter have been ‘in line with its expectations,’ the company predicts like-for-like sales growth for the full year to ‘remain unchanged’ at between 2% and 3%.

 

SSP puts this down to ‘increased passenger numbers in the air sector’ despite trading in the rail sector remaining ‘soft’ for 2017/18.

 

Net contracts gains for the year are meanwhile expected to lie between 4.5-5%, driven by ‘strong’ growth in North America and ‘on-going progress’ in the Rest of the World.

 

With its full-year results 2018 to be announced on 21 November, SSP said: “Looking forward, while a degree of uncertainty always exists around passenger numbers in the short term, we are well placed to continue to benefit from the structural growth opportunities in our markets and to create further shareholder value.”

Written by
Edward Waddell