SSP reports third-quarter rise

SSP Group, the travel locations food and drink operator, which operates brands such as Upper Crust and Ritazza, has seen a rise of 4.8% in total group revenues for the third quarter ended 30 June 2016 on a constant currency basis.

Like-for-like sales up 3% compared with the same period last year

At actual exchange rates, given the weakening of sterling against major European currencies, compared to the same period last year, total group revenues increased 9% year-on-year.

The company said UK LFL sales in the third quarter were “robust and continued to benefit from passenger growth in the air sector”.

However, there was a weaker trading environment in France and Belgium resulting from the ongoing impact of geopolitical incidents in Paris and Brussels, while Spain turned in a good performance. Passenger growth also resulted in a good performance in North America, while falls in passenger numbers in Egypt and a slowdown in passenger growth in China affected sales in the rest of the world.

The company said that while a degree of uncertainty always existed around passenger numbers in the short term, it was well placed to continue to benefit from structural growth opportunities in the markets in which it operates.

The group’s results for the year ending 30 September 2016 are expected to be released on  29 November 2016.

Last year the group opened its first-ever bakery and food-to-go site for celebrity chef James Martin at Stansted airport.

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