Travel catering specialist SSP reports 9.2% revenue growth

SSP Group travel catering operator third quarter figures
19/07/2019 - 09:56
SSP Group, the UK-based operator of food and beverage outlets in travel locations worldwide, has reported a ‘good third quarter’ in which it saw sales rise by 9.2% on a constant currency basis.

The figures reflected 2% like-for-like revenue growth and net contract gains of 7.2%.

In the UK like-for-like sales growth was in line with the company’s expectations, stronger in the air sector compared to rail.

In Europe sales were ‘held back’ by slower passenger growth in the Nordic countries, while North America saw growth driven by increasing passenger numbers despite the impact on some airports of the grounding of Boeing Max 737 aircraft.

For the nine months from October 2018 to June 2019 total group revenue rose by 7.6%, and the company reports that ‘we continue to benefit from the structural growth opportunities in our markets and to create further shareholder value’.

The full-year results to the end of September are expected to be released on November 20th.

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