SSP Group PLC total revenues increase by 4.1%
Like for like sales grew 3.2% from April 1 to June 30 this year, according to the food operator’s third quarter trading update.
The increase is on a constant currency basis. At actual currency rates however, given the strengthening of Sterling against major European currencies compared with the prior year, total Group revenues decreased by 0.1% year-on-year.
“The Group's overall performance in the third quarter was good, and trading was consistent with the expectations set out in our 2015 interim results announcement,” the company said.
“Like-for-like sales in the third quarter continued to benefit from good growth in the UK, benefiting from strong passenger growth in the air sector, and in North America, driven by the performance of Terminal 4 at New York JFK airport (where additional Delta passengers were transferred into the terminal).”
“The Rest of the World division (which includes Eastern Europe, Middle East and Asia Pacific) also delivered healthy like-for-like sales growth, and is seeing similarly strong trends in passenger numbers across most of the region. In Continental Europe, we continued to experience a more challenging trading environment, notably in France and Germany,” the company added.
SSP Group PLC said that while uncertainty exists around passenger numbers in the short-term, the Group remains well positioned to capitalise on the underlying positive trends in its markets.
